Category: Oil and Gas

China denies US claim over seized Iran-bound vessel

China on Wednesday firmly denied claims that a vessel intercepted by the United States was...

Ukraine resumes Russian oil transit after pipeline repairs

Ukraine is set to resume the shipment of Russian oil to Hungary and Slovakia within...

Crude oil surge boosts Nigeria’s revenue by $4 billion

Nigeria and oil companies operating in the country have reportedly earned about four billion dollars...

NNPCL boosts Dangote refinery with 1.03 million tonnes of crude

Crude oil supply from the Nigerian National Petroleum Company Limited’s trading arm recorded a sharp...

Tankers turn back as Hormuz crisis deepens shipping chaos

Traffic once again seized up in the Strait of Hormuz as both Tehran and Washington...

Oil prices drop as Iran declares Strait of Hormuz ‘completely open’

Oil prices plunged Friday after Iran’s Foreign Minister Abbas Araghchi said the vital Strait of...

NUPRC reports 4.2% rise in March oil output

The Nigerian Upstream Petroleum Regulatory Commission on Wednesday said that Nigeria’s oil production rose by...

Dangote plans historic Pan-African IPO for oil refinery

President of Dangote Industries Limited, Aliko Dangote, is planning a landmark cross-border public offering of...

Southeast Asia turns to electric cars amid fuel price surge

Electric vehicle sales have jumped in Southeast Asia as cost-conscious buyers have poured into dealerships...

NNPCL reports ₦2.68tn revenue despite oil production drop

The Nigerian National Petroleum Company Limited has announced a revenue collection of N2.68 trillion from...

Oil prices surge again amid Middle East ceasefire uncertainty

Oil prices jumped and most stock markets fell Thursday as investors weighed the prospects of...

Oil sector reforms have attracted $24bn investments — NNPCL

The Nigerian National Petroleum Company Limited has said recent reforms in the oil and gas...