2023 budget: FG projects 1.69m oil barrels daily
Ahead of the presentation of the 2023 budget to lawmakers, a report has revealed that the Federal Government is projecting the production…
Oil and Gas
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Nord Stream gas leak has stopped, says spokesman
The Nord Stream 2 pipeline is no longer leaking under the Baltic Sea because an equilibrium has been reached between the gas…
Oil price drops to $86/barrel
The worldwide price of Brent, the global benchmark for crude, Sunday dropped to $86 per barrel even as all oil grades witnessed…
UAE to supply Germany with gas, diesel
The United Arab Emirates agreed Sunday an “energy security” deal with Germany to supply liquefied natural gas and diesel as Berlin searches…
TotalEnergies boosts Qatar’s gas expansion with $1.5bn
France’s TotalEnergies on Saturday signed a further $1.5 billion investment in Qatar’s natural gas production expansion, which comes as Europe scrambles to…
EFCC, ICPC should probe oil theft not lawmakers – Falana
Human rights activist and Senior Advocate of Nigeria, Femi Falana said it is not the business of the National Assembly to investigate…
600,000 barrels of crude oil stolen daily – NUPRC
The Executive Commissioner, Corporate Services and Administration in Nigerian Upstream Petroleum Regulatory Commission, Mr Jide Adeola, said about 600,000 barrels of crude…
Oil theft: PENGASSAN finger military, others
The Nigerian Army and other security outfits have been accused in the oil theft skirmish by the Petroleum and Natural Gas Senior…
FG loses N32bn to oil terminals shutdown daily
A recent report has revealed that Nigeria loses as much as N32 billion daily as a result of the shutdown of three…
Nigeria, Morocco commence 5,600km gas pipeline project
Nigeria and Morocco have formally commenced the construction of the long-awaited 5,600km Nigeria-Morocco Gas Pipeline project. A Memorandum of Understanding was signed…
Shell CEO Ben van Beurden to resign 2023
Shell announced that CEO Ben van Beurden will step down at the end of the year after nearly a decade of holding…
Senate probes Niger Delta oil theft
The Senate Adhoc Committee commenced an investigation into oil theft and illegal bunkering activities in the Niger Delta region. According to The…