Brent crude futures rose by 0.35% on Friday afternoon to close at $69.70 a barrel, while Western Texas Intermediate futures rose by…
Category:
Oil and Gas
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The Nigerian National Petroleum Corporation (NNPC) has announced a ₦39.85billion trading surplus for the month of February 2021 representing a massive 314.24%…
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Oil and Gas
OML 118: NNPC, SNEPCo, others sign multibillion dollar Deep-Water agreement deal to Yield Over $780m in immediate revenues
The Nigerian National Petroleum Corporation (NNPC) and its Production Sharing Contract (PSC) partners – Shell Nigeria Exploration and Production Company (SNEPCo), Total…
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The Nigerian Content Development and Monitoring Board (NCDMB), says it plans to complete eight oil and gas projects within the next two…
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More than half of the people currently employed in the UK’s offshore oil and gas industry could by 2030 be working on…
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Oil and Gas
Crude oil price rises on demand optimism as Goldman Sachs expects crude oil to hit to $80pb
Oil prices rose by 2 per cent early on Monday, buoyed by market expectations that fuel demand globally is rising with the…
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Prof. Wumi Iledare, former President of the Nigeria Association of Energy Economies (NAEE), has advised the federal government to engage in gradual…
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Nigeria and other West African crude sellers have been dealt a big blow by key buyer India slowing down its purchases as…
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Oil and Gas
Governors back full deregulation of the downstream oil sector, petrol at N162/litre unsustainable
The Nigerian Governors forum has said that keeping petrol price at N162 per litre is unsustainable. The thirty- Six State Governors therefore…
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Director, Department of Petroleum Resources (DPR), Mr Sarki Auwalu, has urged Africa to rise to the challenge of harnessing its oil and…
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The U.S. capital was running out of gasoline on Friday even as the top U.S. fuel pipeline ramped up deliveries following a…
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Oil prices rose on Friday, reversing some of the previous day’s sharp losses as stock markets strengthened and the U.S. dollar slipped,…
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Oil prices rose more than 1% on Wednesday, putting the contracts on track for their highest close in almost eight weeks, as…
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The Executive Secretary, Petroleum Equalisation Fund (PEF), Alhaji Ahmed Bobboi says plans are in the pipeline to commence transportation of petroleum products…
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Crude oil prices turned higher as a major U.S. fuel pipeline said it could largely restart within the week after a cyberattack…