Oil prices near six-week low as China readies crude reserve release

Oil prices slid to six-week lows on Thursday before recovering some ground, as China said it was moving to tap reserve, the...

China’s Sinopec completes successful trial of crude to olefin technology

 China’s Sinopec Corp said on Wednesday it completed a successful trial processing crude oil directly into olefin, making the top Asian refiner...

Ministry seals 5 gas stations in Abuja for cheating buyers

The Federal Ministry of Industry, Trade and Investment on Wednesday in Abuja sealed five gas stations during its surveillance exercise on stations...

Seplat Energy to distance self from Orjiako

Seplat Energy Plc has said that an ex parte order granted by the Federal High Court in Lagos has barred it from...

AITEO COULD SEEK INTERNATIONAL ASSISTANCE AS NEMBE OIL SPILL ENTERS DAY-11

Aiteo Eastern Exploration and Exploration Company is yet to contain the oil spill at an oil well within Oil Mining Lease, OML...

Oil rises after OPEC+ rebuffs U.S. call to boost output

Monthly Oil
Oil prices rose towards $81 a barrel on Friday after OPEC+ producers rebuffed a U.S. call to raise supply to cool the...

OPEC Sticks To Current Output Position

OPEC
The Organization of Petroleum Exporting Countries, OPEC and its oil-producing allies have agreed to continue with their current output plan, deciding against...

Rising oil prices are fuelling expected inflation

Rising oil prices are fuelling expected inflation
 Past changes in oil prices are closely associated with U.S. consumers’ and investors’ expectations for overall inflation in future, which helps explain...

Imo/Rivers oil wells ownership tussle: Court adjourns to 2022

The Supreme Court has fixed January 17, 2022 for definite hearing in the legal battle by Rivers State against Imo state on...

Chevron Nigeria Makes Victor Anyaegbudike New CM

Chevron Nigeria Limited (CNL), operator of the Nigerian National Petroleum Corporation, NNPC/CNL Joint Venture has announced the appointment of a new...

NNPC Isolates Gaslink Leaking Gas Pipeline, Assures Public Of Safety

NNPC: Report Of Recruitment False
The Nigerian National Petroleum Corporation NNPC Ltd, has  isolated the gas pipeline that leaked out products early Wednesday in Lagos and the general...

NLNG To Retain Export LPG For Domestic Market As Prices Skyrocket

NLNG
The Nigeria Liquefied Natural Gas, NLNG Limited, in a major decision to crash the rising price of Liquefied Petroleum Gas, LPG or...

Shell Expands Gas Investment In Nigeria

energy
Oil major, Shell is planning gas development and investment plan as it unveils a new business line in Nigeria.

MOSOP alleges NNPC intends to sublet OML11 to Sahara Energy

The Movement for Survival of Ogoni People, MOSOP has accused Nigerian National Petroleum Corporation, NNPC, of planning to sublet OML11 to an...

OPEC-Nigeria, Others Reject US Appeal To Flood Oil Market

Kuwait, has become the latest country urging the OPEC, OPEC, to stick with its plan to increase output gradually because oil markets...

NLNG To Sustain Growth Of Nigeria’s GDP

The Nigerian Liquefied Natural Gas, NLNG, said it will sustain its intervention in critical sectors of the economy especially in infrastructure support...

Shell Shuts Down Key Oil Pipeline

Oil major, Shell’s subsidiary in Nigeria, Shell Production Development Company, SPDC has declared force majeure on Bonny Light crude oil loadings beginning...

Lagos State Says Grid Network Undersupplying Commercial Sector

The Lagos State Government has raised concerns over the country’s inefficient and over-centralised electricity supply system, resulting in the State’s residents generating...

Gas crucial to Nigeria’s energy security, NNPC insists

Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, has canvassed an all-encompassing framework for a sustainable gas...

Marketers, others react as NNPC predicts subsidy to hit N3trn in...

Marketers and experts, have reacted as it becomes obvious that the nation’s petrol subsidy will hit N3 trillion yearly, based on current...
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