Royal Dutch Shell’s onshore Nigeria subsidiary saw a 41% rise in the number of crude oil spills due to theft or pipeline…
Category:
Oil and Gas
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While OPEC’s de facto leader Saudi Arabia trades blows in a war for market share with Russia after their three-year pact to…
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Oil prices are plunging amid concern a dispute among producers could lead a global economy weakened by COVID-19 to be awash in…
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NewsOil and Gas
Oil drops more than 7% as Russia rejects additional output cuts, OPEC+ talks collapse
Oil futures fell by more than 7% on Friday as talks between the Organisation of the Petroleum Exporting Countries and their allies…
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OPEC’s proposal to cut oil production by up to 1 million barrels a day would be enough to balance the oil market…
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OPEC oil output dropped in February to the lowest in over a decade as Libyan supply collapsed due to a blockade of…
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Royal Dutch Shell’s Bonga oilfield in Nigeria will undergo maintenance in March and April, though the impact on production and exact dates…
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National Economic Council has said that the balance of $71 million in the excess crude account is as a result of federal…
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Italy’s Eni and Spain’s Naturgy have reached an agreement with Egypt to resolve a series of disputes over the Damietta gas liquefaction…
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Ghana expects Norway’s Aker Energy to make a final investment decision in the near future regarding it’s planned Pecan oilfield development, Ghana’s…
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The International Energy Agency’s (IEA) outlook on global oil demand growth has fallen to its lowest level in a decade, IEA Executive…
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NewsOil and Gas
Nigerian Businessman Aliyu Abubakar to stand trial in Eni, Shell oil graft case in Italy
An Italian Judge has ordered Alhaji Aliyu Abubakar, a Nigerian businessman involved in the controversial Eni and Shell OPL-245 offshore oilfield deal,…
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Nigerian National Petroleum Corporation (NNPC), Shell Petroleum Development Company (SPDC), Total Exploration and Production of Nigeria (TEPNG); and Nigerian Agip Oil Company…
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EXXONMOBIL board of directors has elected Stephen Littleton as vice president of investor relations and corporate secretary, effective March 15. Neil Hansen,…
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Director and Chief Executive Officer, Department of Petroleum Resources DPR Mr Sarki Auwalu, has said that the oil mining licence of Pan…