Category: Oil and Gas

IEA warns of oil surplus in 2025 despite OPEC+ delay

The International Energy Agency has said that the global oil markets will face a glut...

OPEC+ delays plans to ease crude production cuts

OPEC+ has postponed plans to ease its formal and voluntary crude production cuts until 2026,...

TotalEnergies proposes measures to revive Nigeria’s oil sector

Multinational energy giant, TotalEnergies outlined five key proposals on Tuesday to help revive Nigeria’s oil...

Nigeria’s crude output rises over 1m barrels daily

Nigeria’s crude oil production rose by 35,000 barrels per day in October, reaching approximately 1.085...

Saudi Aramco records 15% profit drops in 2024 Q3 

Energy giant Saudi Aramco reported a 15 percent year-on-year drop in third quarter profit on...

Oil industry stakeholders explore opportunities from IOC divestments

Indigenous Nigerian oil and gas operators are advocating for enhanced infrastructure and financial support to...

Rep advocates local refiners inclusion in petroleum production

The House of Representatives has urged the Federal Government to create a comprehensive blueprint for...

Nigeria’s oil production drops 30,000b Sept – OPEC

Nigeria’s average crude oil production in September dropped by 33,000 barrels to 1.405 million barrels...

Petrol prices could fall as marketers buy from Dangote – IPMAN

The National Secretary of the Independent Petroleum Marketers Association of Nigeria, James Tor announced that...

Marketers to begin direct purchases of petrol from Dangote refinery

In a significant shift within Nigeria’s oil sector, major oil marketers are set to begin...

Oil nears $80 mark amid Middle East tensions

Oil prices continued their upward trajectory on Monday, with Brent crude nearing the $80 mark...

Seplat Energy gains 20% as bullish momentum returns in October

Seplat Energy’s stock experienced a remarkable gain of over 20% in the first week of...