OPEC+ is discussing delaying an oil output increase scheduled to start in October after oil prices hit their lowest in nine…
Category:
Oil and Gas
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The market value of Oando Plc has soared to record highs from N74 billion in 2023 to N1 trillion as of September…
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Nigerian National Petroleum Corporation (NNPC) Limited, Federal Government and Dangote have tricked Nigerians into a new pump price regime in which NNPC’s…
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Nigerian National Petroleum Corporation (NNPC) has after several spirited denial own up that the debts it owed international oil traders is a…
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Nigeria’s Dangote Oil Refinery has begun processing petrol after delays caused by recent crude shortages, an executive said on Monday. The $20…
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Nigeria Army said it has in conjunction with other sister agencies arrested 22 suspected oil thieves operating illegal oil bunkering in the…
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MOSOP has alleged that after 35 years of oil extractions, Shell carted away about $30billion oil operational profits leaving Ogoni in the…
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The Nigerian National Petroleum Company Limited has begun shipment of Liquefied Natural Gas cargoes to Japan and China on a Delivered Ex-Ship…
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Oil and Gas
AFC backs Africa’s largest methanol plant, transforming flared gas into valuable resources
Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, is arranging a project development facility to support Africa’s largest gas-to-methanol plant,…
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Oil prices rose more than 1% on Friday as U.S. Federal Reserve Bank Chair Jerome Powell signalled interest rate cuts would be…
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The National Oil Spillage Detection and Response Agency (NOSDRA) says plans are underway to enhance its operational effectiveness and internally generated revenue.…
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Nigerian National Petroleum Company Limited (NNPCL) has informed the Federal Account Allocation Committee (FAAC) of an outstanding of N4.56 trillion for selling…
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The Nigerian National Petroleum Company Limited (NNPCL) has transferred all its retained assets to OVH Energy Marketing Limited, the operator of Oando…
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Nigerian Navy, NNS, Pathfinder, has said that it discovered an illegal crude oil refining site with the capacity to produce 2 million…
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The Nigerian National Petroleum Corporation Ltd. has blamed the fuel scarcity that has led to long queues in filling stations nationwide due…