Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, is arranging a project development facility to support Africa’s largest gas-to-methanol plant,…
Category:
Oil and Gas
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Oil prices rose more than 1% on Friday as U.S. Federal Reserve Bank Chair Jerome Powell signalled interest rate cuts would be…
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The National Oil Spillage Detection and Response Agency (NOSDRA) says plans are underway to enhance its operational effectiveness and internally generated revenue.…
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Nigerian National Petroleum Company Limited (NNPCL) has informed the Federal Account Allocation Committee (FAAC) of an outstanding of N4.56 trillion for selling…
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The Nigerian National Petroleum Company Limited (NNPCL) has transferred all its retained assets to OVH Energy Marketing Limited, the operator of Oando…
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Nigerian Navy, NNS, Pathfinder, has said that it discovered an illegal crude oil refining site with the capacity to produce 2 million…
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The Nigerian National Petroleum Corporation Ltd. has blamed the fuel scarcity that has led to long queues in filling stations nationwide due…
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Oil and Gas
Ijaw youths give ExxonMobil 7 days ultimatum to clean up Ibeno Oil Spill, pay compensation
Ijaw Youth Council IYC has given a second day ultimatum to ExxonMobil to begin a thorough clean up of Ibeno community in…
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Ghanaian President Nana Akufo-Addo has broken ground on the construction of a 300,000 barrel-per-day oil refinery that the government hopes will turn…
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NNPC has posted has declared N3.3 trillion in profit for the 2023 financial year. Chief financial officer of NNPC Ltd., Umar Ajiya,…
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The Nigeria Liquefied Natural Gas (NLNG) has inaugurated a 10,000 tonnes per annum galvanising plant for its Train 7 project in Rivers.…
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Governor Douye Diri of Bayelsa State, has taken his campaign for environmental justice for oil-ravaged communities in his state and the Niger…
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Crude oil prices fell by more than $2 on Friday and were on track for a weekly decline, with Brent slipping below…
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Oil and Gas
Nigerian army destroys 27 illicit refineries, seizes stolen oil, as crude oil prices edge down
Nigerian army troops have destroyed at least 27 illicit refining sites and seized stolen crude oil following raids this week on illegal…
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In an exclusive interview with Energy Capital & Power, Anibor Kragha, Executive Secretary of the African Refiners and Distributors Association, discusses the…