African Export-Import Bank said it has signed a $1.04 billion facility with the Nigerian National Petroleum Corporation (NNPC) to finance the exploration…
Category:
Oil and Gas
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Oil prices fell on Wednesday after the International Energy Agency and the Organisation of the Petroleum Exporting Countries warned of impending oversupply…
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Ijaw Professionals Association, Homeland Chapter, has said that the crude oil spill on an AITEO well head in the Nembe Creek, Bayelsa…
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The Organisation of the Petroleum Exporting Countries (OPEC) says the delicate balance between reducing emissions, energy affordability and security requires comprehensive and…
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BusinessNewsOil and Gas
Looming petrol scarcity, NNPC to revert to Naira denominated invoices for coastal movement to prevent scarcity, sustain stability
NNPC Limited, Major Oil Marketers Association of Nigeria, MOMAN and other stakeholders, yesterday, adopted new measures to prevent petrol scarcity and maintain…
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NewsOil and Gas
Brent crude price on upward swing at $84.04 a barrel, Nigerians may pay higher for fuel soon
Brent crude oil price maintain a steady rise as it sold for $84.04 a barrel. Continue crude oil price increase is a…
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Crude prices settled higher on Friday fuelled by renewed supply concerns after OPEC+ producers rebuffed a U.S. call to accelerate output increases…
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Executive Secretary, Nigeria Extractive Industry Transparency Initiative ( NEITI) said that its work and report had led to the recovery of over…
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OPEC and its allies agreed at a meeting on Thursday to stick to plans to raise oil output by 400,000 barrels per…
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Oil fell further below $85 a barrel on Tuesday, but remained close to a three-year high in choppy trade ahead of weekly…
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NewsOil and Gas
Calls to halt gas project defunding plans gather momentum as AfDB, US experts back Nigeria
A continental and international rally may have begun in support of Nigeria’s advocacy to halt plans to defund gas projects, just as…
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Minister of Finance, Budget and National Planning Zainab Ahmed has said that the Federal Government plans to finally remove fuel subsidy by…
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Oil futures rose Monday, hitting another round of multiyear highs as investors focused on tight supply, while crude producer Saudi Arabia appeared…
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Ahead of the commencement of the 26th United Nations Climate Change Conference of the Parties (COP26) in Glasgow, Scotland next week, the GMD/CEO…
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Minister of State for Petroleum Resources Chief Timipre Sylva has inaugurated the governing boards of the new entities comprising the regulatory framework…