Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), said Nigeria’s refining sector has expanded following the issuance of nine Licenses to Establish…
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Oil and Gas
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Oil and GasUncategorized
Oversupply could mute effects of wider Middle-East conflict on oil prices–WBG
World Bank Group has said in its latest Commodity Markets Outlook that “global commodity prices are set to tumble to a five-year…
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Nigeria has blocked Shell’s sale of its entire onshore and shallow-water oil operations, but approved a similar deal by Exxon Mobil, Nigeria…
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Nigeria’s oil regulator has rejected Shell’s proposed $1.3 billion sale of its onshore oilfields to Renaissance group because the buyer is not…
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The House of Representatives has called on the federal government to reverse the recently increased prices of premium motor spirit otherwise known…
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Oil prices fell early on Tuesday morning as fears faded of Israel striking Iranian oil facilities and traders refocused on growing demand…
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Oil and Gas
OPEC trims forecast for oil-demand growth in 2024 and 2025 as oil production dipped by 600,000 Bpd in September
The Organisation of the Petroleum Exporting Countries on Monday cut its forecast for growth in oil demand for this year and 2025.…
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Oil and Gas
Army Arrest 2 NSCDC Officers, 5 Others, PINL nabs logistics company aiding illegal bunkering in Rivers
Pipeline Infrastructure Nigeria Ltd (PINL) has uncovered a logistics company at Eleme, Rivers State suspected to have been used as a camouflage…
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Prime Minister of Grenada, Dickon Mitchell, has described the Dangote Petroleum Refinery and Petrochemicals as a significant investment in industrialisation and manufacturing…
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Ministry of Petroleum Resources has inaugurated a technical working group to enhance gas reticulation practices in Nigeria’s building industry. On Wednesday, the…
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Keme-Ebiama, Ogboinbiri and other communities in Southern Ijaw Local Government Area of Bayelsa State have again been rocked by massive crude oil…
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Oil and Gas
African Petroleum Producers Organisation chief calls for unified African voice, warns against EU carbon tax at energy conference
Secretary General of the African Petroleum Producers Organisation (APPO) Dr. Omar Farouk Ibrahim, called for a unified African front in the global…
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President Bola Tinubu’s administration has announced a new increase in petrol price that will see Abuja residents buy fuel at N1,030 per…
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Oil sector fiscal reforms by the Federal Government have attracted more than $50 billion investments for the country. Remarkably, an investors, that…
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Oil and Gas
Oil prices extend gains, lifting Brent crude towards $80 on fears of wider Middle East conflict
Oil prices extended gains on Monday, with Brent nearing $80 to build on last week’s steepest weekly jump since early 2023, driven…