Oil prices jumped more than $4 a barrel on Friday as attention turned to next week’s OPEC+ meeting and dimming expectations that…
Category:
Oil and Gas
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Ijaw Diaspora Council (IDC) has called for a another look at the Petroleum Industry Act to review the host community fund to…
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The Biden administration on Tuesday said it will sell an additional 20 million barrels of oil from the Strategic Petroleum Reserve as…
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SOME Ijaw leaders have urged the Federal High Court sitting in Yenagoa to cancel the June 29 marginal oil field licences granted…
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Economic and Financial Crimes Commission Operatives has said that its operatives have arrested 24 Nigerians involved in illegal oil bunkering in Rivers…
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NewsOil and Gas
Brent crude oil trade at $105.6 a barrel as pump price of petrol sells for N200 a litre
Brent crude futures for September settlement rose by $4.44, or 4.4%, to $105.60 a barrel, having gained 2.1% on Friday. The rising…
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NewsOil and Gas
Germany’s largest importer of Russian gas draws down €2bn credit facility amid energy crisis
Germany’s largest importer of Russian gas, Uniper, has drawn on its 2 billion euros (or 2.03 billion dollars) credit facility from Germany’s…
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Oil prices gained 2.5% on Friday after a U.S. official told Reuters that an immediate Saudi oil output boost was not expected,…
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The Defence Headquarters says troops of Operation Delta Safe have discovered and destroyed 109 illegal refining sites and arrested 24 economic saboteurs…
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Egypt’s government is subsidising diesel at a rate of about 55 billion Egyptian pounds ($2.92 billion) a year despite the first rise…
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The upsurge in illegal bunkering and illegal crude oil refining camps popularly known as Kpofire in the Niger Delta has been attributed to the…
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Renewable Power Generation Costs report in 2021 has shown that almost two-thirds or 163 gigawatts, GW, of newly installed renewable power in…
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Global benchmark Brent crude tumbled to below $100 a barrel on Tuesday due to a stronger dollar, demand-sapping COVID-19 curbs in top…
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NewsOil and Gas
Clark to FG Niger Delta will resist attempt to appoint another interim administrator for NDDC
South South Leader and former federal commissioner for information, Chief Edwin Clark has warned that the people of the Niger Delta region…
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FinanceNewsOil and Gas
Afreximbank signs project preparation facility financing with UTM Offshore for floating liquefied natural gas project in Nigeria
African Export-Import Bank (Afreximbank) said it has executed a project preparation facility financing head of terms with UTM Offshore Limited (UTM), under…