Category: Oil and Gas

Nigeria’s gas-led energy transition attracts $5b in global investments — NGA

The Nigerian Gas Association has said that Nigeria’s gas-led energy transition strategy is attracting growing...

Crude oil prices drop by $2.91 on Thursday

Oil prices dropped sharply on Thursday, with U.S. West Texas Intermediate falling $2.91 (4.2%) to...

Dangote refinery cuts petrol loading price to N865/litre

Dangote Refinery has announced a reduction in its ex-gantry loading cost to N865 per litre,...

How NNPCL crude suspension to Dangote affected OPEC output – Report

The decision by the Nigerian National Petroleum Company Limited to halt crude oil supplies to...

Goldman Sachs warns oil could fall below $40 in extreme scenario

Goldman Sachs analysts on Monday warned that in a worst-case scenario, Brent oil, the international...

US crude oil drops below $60/barrel, lowest since 2021

United States oil prices dropped below $60 a barrel on Sunday due to concerns that...

Crude prices drop to $65, lowest since 2021

Oil prices dropped sharply to $65 per barrel this week after the United States imposed...

TotalEnergies posts N42.2b pre-tax profit for 2024

TotalEnergies Marketing Nigeria Plc reported a pre-tax profit of N42.2 billion for the year ended...

Brent crude drops $10 barrel, worst since August 2022

Brent oil futures have fallen by around $10 per barrel since Thursday, pressured by the...

PETROAN accuses local refineries of importing substandard crude Oil

The Petroleum Products Retail Outlet Owners Association of Nigeria has accused some local refineries of...

Nigeria to introduce new crude grade ‘Obodo’ in April

Nigeria is set to introduce a new medium sweet crude grade, Obodo in April 2024,...

NNPCL moves to sell shares, seeks strategic partners

The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced that it is in the...

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