The Organisation of the Petroleum Exporting Countries (OPEC) has raised Nigeria’s oil production quota from the 1.772 million barrels per day (mbpd)…
Category:
Oil and Gas
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A shortage of oil refineries across sub-Saharan Africa coupled with soaring crude prices because of the war in Ukraine has left countries…
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European Union leaders have agreed an embargo on Russian crude oil imports that will take full effect by the end of the…
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Oil prices climbed above $120 a barrel on Monday, hitting their highest in more than two months as traders priced in expectations…
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Russian gas producer Gazprom said on Sunday its supply of gas to Europe through Ukraine via the Sudzha entry point stood at…
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In a special address at the World Economic Forum Annual Meeting 2022, Amir of Qatar Tamim Bin Hamad Al Thani said his…
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The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says it is drafting six regulations on midstream and downstream operations to bring…
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Russia’s Gazprom on Saturday halted gas exports to neighbouring Finland, in the latest escalation of an energy payments dispute with Western nations.…
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Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), says it will partner Oil Trading and Logistics (OTL) Africa Downstream to ensure effective…
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FinanceNewsOil and Gas
Afreximbank signs MoU with African Petroleum Producers Organisation to establish an African Energy Transition Bank
African Export-Import Bank has signed an Agreement with the African Petroleum Producers Organisation according to which both parties will collaborate on the…
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Oil prices rebounded from earlier losses in another volatile session on Thursday as Chinese officials planned to ease restrictions in Shanghai, which…
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It was a harvest of praises by representatives of Nigerian shareholder groups who were at Seplat Energy Plc 9th Annual General Meeting (AGM)…
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Absence of counsel of Niger Delta Development Commission (NDDC), Tuesday stalled hearing of a suit seeking to stop the Sole Administrator from…
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Africa Export Import Bank and Africa Petroleum Producers organisation said that they have set up an energy transition bank. In a statement…
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Crude oil prices rose to over $115 a barrel on Tuesday, their highest in about seven weeks, supported by the European Union’s…