Brent crude drops by 42 cents, or 0.5%, at $92.85, having earlier touched its highest since October 2014 at $94. U.S. West…
Oil and Gas
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Civil Society Groups for Good Governance (CSGGG) have warned the federal government that removing subsidy without fixing local refineries will spell doom…
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NewsOil and Gas
TotalEnergies, China National Offshore Oil Corporation to invest $10bn in Lake Albert oil Development in Uganda
TotalEnergies and China National Offshore Oil Corporation have said they have reached final investment decision (FID) for the Lake Albert Development project…
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The Organisation of the Petroleum Exporting Countries (OPEC) has reconfirmed its decision to adjust upward its monthly overall production by 400,000 barrel…
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Oil prices extended gains to their highest levels in over seven years on Friday as ongoing global political turmoil fanned concerns over…
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The task force set up in Rivers State said it has dismantled 27 illegal refineries operating in the state. The task force…
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Brent crude oil price hits the $90 a barrel mark for the first time in seven years, supported by tight supply and…
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EconomyNewsOil and Gas
Governors kick over fuel subsidy, only 8 States are benefitting, alleges fraud in Consumption, distribution Figures
State Governors under the aegis of the Nigeria Governors Forum, NGF have kicked against the proposed fuel subsidy removal, saying that it…
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NewsOil and Gas
NLNG gets 7days deadline to appear before Senate for non payment of N18.448bn to 73 Communities in Rivers State
Senators have given Nigeria Liquified Natural Gas a seven day deadline to appear before it to show cause why it has not…
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NewsOil and Gas
Brent Crude oil price inches up to $88 on concern geopolitical risks could disrupt supplies
Oil prices rose over 2% on Tuesday on concerns supplies could become tight due to Ukraine-Russia tensions, threats to infrastructure in the…
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Minister of Finance Hajia Zainab Ahmed has retracted government earlier decision to remove fuel subsidy in July 2022. She told the National…
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Oil prices fell on Monday, hit by a stronger dollar and investor concerns over the possibility of quicker than expected increases to…
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NewsOil and Gas
Dangote’s petrochemicals, fertiliser plant will accelerate Africa’s economic growth—AfDB
President of the African Development Bank (AfDB), Akinwumi Adesina has described Dangote Refinery and Fertiliser projects as the best industrialised project to…
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NewsOil and Gas
Addax Licence: NUPRC assures stakeholders of transparency in Upstream Petroleum sector
Chief Executive Officer (CEO), Nigerian Upstream Petroleum Regulatory Commission (NUPRC) Mr Gbenga Komolafe, has assured stakeholders of the Commission’s resolve to ensure…
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Vice President Yemi Osinbajo has said that “The world should not have to choose between energy poverty and climate change as this…