Renaissance confirms oil leak, suspends operation on Rivers pipeline
Renaissance Africa Energy Company Limited announced on Tuesday that it has suspended crude oil shipments through its Okordia–Rumuekpe pipeline in Rivers State…
Oil and Gas
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Nigeria, others eye 10 new offshore drilling projects – Report
Nigeria, Ivory Coast, and Mozambique are set to launch at least 10 new offshore drilling projects between 2026 and 2027, signaling a…
Global crude price slumps after OPEC+ raised output
The global crude oil prices plunged further on Sunday following OPEC+’s decision to raise production for a second consecutive month. U.S. crude…
Shell exceeds analyst expectations with Q1 adjusted profit of $5.58b
British oil major Shell reported a first-quarter adjusted profit of $5.58 billion on Friday, exceeding analyst expectations of $5.09 billion, as per…
Minister leads energy operators to gas conference in China
Nigeria is set to make a powerful impression at the World Gas Conference 2025, with a delegation spearheaded by Ekperikpe Ekpo, Minister…
Oil marketers blame low demand for ongoing kerosene scarcity
Oil marketers have cited low patronage and decreasing demand as the main reasons behind the ongoing scarcity of Household Kerosene. Consumers have…
FG urges indigenous oil firms to ramp up production
The Federal Government has once again urged indigenous oil companies to scale up their production in order to meet growing domestic demand,…
Oil prices surge over 1% amid geopolitical, economic factors
Oil prices rose over 1% on Wednesday due to a mix of geopolitical and economic factors. Brent crude reached $68.65 per barrel,…
Marketers lament losses after NNPC’s petrol price cut
Petroleum product marketers expressed concerns on Monday over their losses following a price reduction by the Nigerian National Petroleum Company Limited. The…
Oil prices slip amid trade war concerns, US-Iran nuclear talks
Oil prices fell as traders expressed concerns about the potential impact of the US-led trade war on energy demand, while also keeping…
NNPC targets $60b investments, three million bpd output by 2030 — Ojulari
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited has unveiled an ambitious growth plan for the company, stating…
Sahara Group, Amigo LNG ink gas purchase agreement
Sahara Group, a leading global energy and infrastructure conglomerate, has signed a landmark 20-year Liquefied Natural Gas Sales and Purchase Agreement with…