Oil prices rose more than $2 on Thursday after the International Energy Agency raised its oil demand growth forecast for this year…
Category:
Oil and Gas
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Russian oil pipeline flows resumed to Central Europe on Wednesday, ending a six-day halt, after Hungarian group MOL paid transit fees owed…
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Nigeria Agip Oil Company, NAOC’s toxic wastes dumped in Umu-EzeAkpor land in Mgbede Community, Ogba/Egbema/Ndoni Local Government Area of Rivers State is…
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Minister of State for Petroleum Resources, Dr Timipre Sylva, has said that the country loses 400,000 barrels of crude daily via oil…
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NewsOil and Gas
NUPRC over rules Buhari says status quo remains in share sale by ExxonMobil to Seplat
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has affirmed that status quo remains in respect to ExxonMobil/Seplat Energy share acquisition. Mr Gbenga…
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President Muhammadu Buhari has at last approved the acquisition of the entire share capital of Mobil Producing Nigeria Unlimited by Seplat Energy…
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UN Secretary General Antonio Guterres has called for oil and gas companies to face special taxes. His comments come as surging energy…
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The Nigerian Navy has handed over a vessel loaded with an unspecified quantity of diesel and five suspects to the Economic and…
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Minister of State for Petroleum Resources, Chief Timipre Sylva said Nigeria is relying on its natural gas to achieve energy transition to…
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Oil prices dropped sharply on Monday as weak manufacturing data in several countries weighed on the demand outlook while investors braced for…
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NewsOil and Gas
State govts deliberately undermined by PIA act as host communities beg FG for rescue from deprivation
Deputy Governor of Bayelsa State, Senator Lawrence Ewhrudjakpo, has said that the role of state governments had been deliberately undermined in the…
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Oil bearing communities in the Niger Delta region are seeking joint action against the Petroleum Industry Act (PIA) saying it does not…
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South Africa will slash the pump price of fuel from the middle of next week, aiming to ease the burden on consumers…
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ExxonMobil and Chevron both reported record massive profits thanks to record gasoline prices during the quarter. Exxon’s profit, excluding special items, came…
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Nigeria, Algeria and Niger have signed a memorandum of understanding to build a natural gas pipeline across the Sahara desert, Algeria’s energy…