Oil bulls increasingly confident as Omicron risk fades
Oil markets attracted a new wave of interest from investors at the end of 2021 and start of 2022, as…
Gas Policy: Vehicles in 12 States To Run On Gas This Year
The Federal Government has selected 12 states for the pilot phase of the conversation of vehicles using petrol and diesel…
Crude Price Dives After Bearish EIA Data
Crude oil witnessed a downward spiral in the London trading session today, falling from their highest levels in more than…
President Buhari Appoints Board and Management of NNPC Limited, Drops Ararume
President Muhammadu Buhari has appointed the Board and Management of the Nigerian National Petroleum Company Limited, in accordance with the…
Nigeria to pump 1.7mbpd in February as OPEC+ maintains output policy
The Organisation of Petroleum Exporting Countries (OPEC) and its allies announced yesterday that they will return 400,000 barrels per day…
Nigeria’s crude oil earnings hit N12.4tn in 11 months – Report
Nigeria produced a total of 440.774 million barrels of crude oil valued at about N12.4tn between January and November 2021,…
Nigeria’s oil sector will experience unprecedented progress this year, says Sylva
The Minister of State Petroleum Resources, Timipre Sylva, says Nigeria will experience unprecedented progress in the oil and gas sector…
Oil price increases as OPEC projects slow growth in 2022
The price of Brent, the crude against which Nigeria’s oil is priced, increased marginally on Monday as the Organisation of…
FG Clears $3.53bn Debt, Still Owes Five IOCs $1.15bn Cash Call Arrears
The Federal Government as paid a total of $3.53bn to five international oil companies as cash call arrears repayment to…
Lagos Gas Explosion: Fire Service Calls for Calm
Rescue operation is currently on going to put out the fire resulting from a System 2B pipeline leakage at Peace…