Nigeria’s efforts to curb gas flaring stalled since 2015 – Report
The intensity of gas flaring in Nigeria has not changed since 2015 according to the International Energy Agency. The Times reported that the International…
Oil and Gas
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How Nigeria-Dubai non-oil trade hit $2.1bn in 2022 – Report
The President of the Dubai Chamber, Mohammed Lootah, has stated that the bilateral commerce between Nigeria and Dubai in non-oil products reached a value…
How DHQ recovered stolen 500k litres of crude oil one week
The Defence headquarters has stated that it recovered almost 500,000 gallons of stolen crude oil in one week. According to The Times, the Director…
Brent crude drops to $78 after OPEC meeting postponement
A barrel of Brent crude dropped to $78 after the Organisation of Petroleum Exporting Countries declared on Wednesday, November 22, that the oil…
Seplat to construct $250m gas plant in Delta
Seplat PLC’s Director of New Energy, Mr. Effiong Okon, has revealed the company’s intentions to construct a new $250 million gas plant…
Why oil marketers claim NNPCL has monopoly over PIA
Oil marketers have questioned Nigerian National Petroleum Company Limited’s dominance in petrol importation, claiming that it violates the Petroleum Industry Act. According…
Oil surge over 2% as Iraq backs OPEC production restrictions
Oil rose over 2% on Friday as Iraq expressed support for output restrictions ahead of the Organisation of the Petroleum Exporting Countries…
Oil sector gained zero foreign investment in Q2 – NBS
National Bureau of Statistics has stated that the country’s oil and gas industry failed to draw any foreign investment for the first time…
NLNG Train-7 now 52% complete – MD
The Managing Director of Nigeria Liquefied Natural Gas Limited, Philip Mshelbila, has stated that Train-7 is 52% complete. According to The Times, he made this…
Saudi Arabia, Russia to limit oil production – Report
According to The Times, Saudi Arabia intends to continue its voluntary reduction of 1 million barrels per day in December 2023, as…
Rainoil boss links rising fuel prices to FX crisis
The Managing Director of Rainoil Logistics, Dr. Jude Nwaulune, has stated the current foreign exchange crisis is a major factor that contributes to the…
FG, refinery operators plan to meet domestic refining obligations
The Federal Government met with operators of domestic refineries on Wednesday to address concerns regarding crude oil availability for indigenous refiners like Dangote…