NNPC GMD calls for integration of Africa’s infrastructure to address energy poverty
The Nigerian National Petroleum Company Limited (NNPC), has called on stakeholders to intensify efforts to address abject energy poverty in…
Africa must pool resources together for cleaner energy –Sylva
The Minister of State for Petroleum Resources, Timipre Sylva says unless African countries pool their financial resources together for the…
NNPC GMD showcases Nigeria’s oil, gas investment opportunities in Spain
Mallam Mele Kyari, Group Managing Director (GMD) of the Nigerian National Petroleum Corporation has described Spain as a strategically important…
OPEC increases Nigeria’s production quota to 1.799mbpd for July
The Organisation of the Petroleum Exporting Countries (OPEC) has raised Nigeria’s oil production quota from the 1.772 million barrels per…
European Union (EU) Forges Ahead with Africa Gas Deals
The European Union (EU) is moving ahead with plans to enhance Africa-EU supply chains. Following the Russia-Ukraine crisis and supply…
Nigeria’s crude oil production rises by 70,000bpd
Nigeria’s crude oil production increased by 70,000 barrels per day in May according to a Reuters Survey released yesterday. The…
Fuel subsidy may hit N6trn in 2022, IMF cautions Nigeria
With Nigeria’s fuel subsidy payout averaging N500 billion monthly, total expenditure on subsidy could hit a record N6 trillion mark…
Brent crude price hits $120 per barrel
For the first time in several months, Brent crude oil reached its highest price yesterday, hitting the $120.50 per barrel…
FG will maximise local content opportunities, says Sylva
The Federal Government has expressed its determination to catalyse investments in the midstream and downstream sectors of the petroleum sector…
Oil sector growth dropped by 26% in Q1 2022 – NBS
Real growth of the oil sector was –26.04% (year-on-year) in the first quarter of 2022, indicating a decrease of 23.83…