State Governors under the aegis of Nigeria Governors’ Forum, NGF have resolved to engage the Nigeria Labour Congress, NLC and the organised…
Oil and Gas
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NewsOil and Gas
Oil prices inches up to $88, gain for Nigeria govt but pain for Nigerians as petrol landing cost will rise
Brent crude oil prices rose to its highest since October 2014 after it hit $88.4 on Tuesday as drone attacks on targets…
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African Petroleum Producers Organisation (APPO) has said that the establishment of Dangote Oil Refinery will bring about a 36 per cent reduction…
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Goldman Sachs expects oil prices hitting $100 per barrel in the second half of this year, citing a lower than expected hit…
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As the Federal Government commenced full implementation of the Petroleum Industry Act (PIA) in earnest, the new legislation has been tipped to…
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China will release crude oil from its national strategic stockpiles around the Lunar New Year holidays as part of a plan coordinated…
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Microsoft is investing US$50 million in a LanzaJet facility in Georgia that will produce jet fuel from ethanol next year, LanzaJet said.The…
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Brent crude futures were up 47 cents, or 0.6%, at $84.19 a barrel while U.S. West Texas Intermediate crude futures were up…
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Anglo-Dutch oil giant, Shell Petroleum Development Company (SPDC) on Tuesday confirmed the invasion and shut down of its Opukushi oil facility by…
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Rising energy prices may force the European Central Bank to stop “looking through” high inflation and act to temper price growth, particularly…
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Nigerian Navy has formally handed over a seized ship – MTT4 and 20 suspected oil thieves to officials at the Economic and…
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Brent crude oil price jumped sharply and remained high on Friday after reports that the protests in Kazakhstan had disrupted production at…
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Senate has uncovered how Petroleum Regulatory Authority (NMDPRA) formerly known as Petroleum Product Pricing Regulatory Agency (PPPRA) paid N200 million subscription without vouchers…
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NewsOil and Gas
13 ships carrying stolen crude oil intercepted, 567 suspects arrested in Delta in 2021—JTF
Joint Task Force, JTF, Operation Delta said it intercepted 13 ships loaded with stolen crude oil and arrested 567 suspected oil thieves…
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Senate has vowed that the Petroleum Equalization Fund (PEF) now Nigeria Midstream and Downstream Petroleum Regulatory Authority (NPRA) must account for the …