Anglo-Dutch oil giant, Shell Petroleum Development Company (SPDC) on Tuesday confirmed the invasion and shut down of its Opukushi oil facility by…
Category:
Oil and Gas
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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 …
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Bayelsa state government has vowed to take all appropriate steps to pursue environmental justice for itself and affected communities by Aiteo oil…
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Crude-oil prices fell sharply on Monday, as the spread of the omicron variant of the coronavirus that causes COVID-19 and the imposition…
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The Nigerian National Petroleum Company Limited (NNPC), has warned the public against a fake competition trending online which claims to celebrate a…
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The Nigerian Content Development and Monitoring Board (NCDMB) says 53 Nigerian companies have so far accessed loans under its Nigerian Content Intervention…
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The European Union plans to stop funding new oil and gas pipelines in future, as it switches the focus to promoting energy…
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BusinessOil and Gas
Navy impounds illegal crude oil laden vessel worth N148.3m, arrests 22 suspects in Bayelsa
Men of Nigerian Navy Ship, NNS Soroh said it they have seized a vessel used for oil theft and arrested 22 suspects…
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Italian prosecutors are set to ask for a case against Eni and its head over alleged obstruction of justice in corruption cases…
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The Organisation of Petroleum Exporting Countries (OPEC) says that investments of 11.8 trillion dollars will be required between 2021 and 2045 in…