NNPC is in talks for another oil-backed loan to boost its finances and allow investment in its business, its chief executive told…
Category:
Oil and Gas
-
-
The Nigerian Navy Ship (NNS) Delta has uncovered two illegal refining sites with 45,000 litres of products suspected to be stolen crude…
-
Top oil exporter Saudi Arabia cut prices for all crude grades it sells to Asian customers for a second month in a…
-
Multinational energy company TotalEnergies acts as a key contributor to economic growth and tax revenues in the markets in which it operates,…
-
Oil and Gas
Tinubu’s govt hires Shell’s consultants to supervise sale of Shell’s assets in Nigeria, Amnesty International raises alarm
Amnesty International has raised the alarm concerning President Bola Tinubu’s administration hiring Shell consultants, Boston Consulting Group (BCG) and S&P Global to…
-
Nigeria’s debt to petrol suppliers has surpassed $6 billion – doubling since early April as NNPC struggles to cover the gap between…
-
Nigerian state oil company NNPC Ltd is committed to reversing declining crude production and will replace partners that fail to fulfil their…
-
Dangote refinery is increasing gas oil exports to West Africa, taking market share from European refiners, according to traders and shipping data.…
-
Oil prices edged higher on Thursday on worries about supply disruption that were stoked by mounting geopolitical tensions in the Middle East…
-
Dangote Refinery has said that it is operating normally after a fire at its effluent treatment plant. In a statement it said…
-
Oil and Gas
Dangote accuses IOCs of plotting for our Oil Refinery to fail,laments as Regulator continues to grant licences to import banned dirty diesel, jet fuel
Vice President, Oil and Gas at Dangote Industries Limited (DIL), Devakumar Edwin, has accused International Oil Companies (IOCs) in Nigeria of doing…
-
Aiteo Eastern Exploration and Production Company (AEEPCO), operator of the NNPC / Aiteo Joint Venture on OML 29, has resumed production after…
-
Oil and Gas
Airstrikes destroyed 13 illegal oil refining sites, seven boats in Rivers, Imo, Bayelsa—NAF
The Nigerian Air Force (NAF) says the air component of Operation Delta Safe has destroyed 13 illegal refining sites and seven Cotonou…
-
Oil and Gas
Chevron, GEPetrol, sign production sharing contracts for Equatorial Guinea blocks as focus shifts to new discoveries
Multinational energy corporation Chevron and Equatorial Guinea’s state-owned oil company GEPetrol have signed two production sharing contracts (PSC) for offshore blocks EG-06 and EG-11…
-
Crude oil prices held near a seven-week high on Friday as the market balanced signs of improving U.S. demand and falling oil…