Brent prices inch upwards on demand speculation
Brent crude oil prices are witnessing a moderate rise as the week begins, with the cost per barrel currently near…
Nigeria’s Crude Oil Production Rises to 1.4mbd – OPEC
Nigeria’s crude oil production rose to 1.418mbpd in December 2023, a report by the Organisation of the Petroleum Exporting Countries…
Shell exits Nigeria’s onshore oilfields in $2.4bn deal
In a move signalling a shift away from onshore oil production, energy giant Shell has agreed to sell its Nigerian…
Hope rises on 2024 budget as Bonny Light price hits $79 per barrel
The latest increase in the price of Bonny Light to $79.08 per barrel from $76 per barrel in the global…
NNPCL to engage operations & maintenance companies to operate Port Harcourt Refinery
The Nigerian National Petroleum Company Limited, (NNPC Ltd) has announced that it wants to engage reputable and credible Operations &…
Dangote Petroleum Refinery Starts Production
As the Dangote Petroleum Refinery starts production, President of Dangote Group, Alhaji Aliko Dangote, had thanked President Bola Ahmed Tinubu…
UN predicts Nigeria’s petrol price drop in 2024
The United Nations (UN) has predicted a decline in Nigeria’s price of petrol in 2024. According to the United Nations…
Nigeria’s rig count rises by 75% as 2024 outlook seems bright
Despite many challenges, there are indications that Nigeria, a leading African oil and gas producing nation, recorded many feats in…
Nigeria Looks to Attract Investments by Cutting Costs for Oil Firms
Nigeria is lowering production contract costs for oil companies seeking to re-enter the oil and gas industry. Nigeria plans to…
NLC, PDP, LP Issue Stern Warning over World Bank’s N750/litre Fuel Price Benchmark
Nigerians are likely to face tougher times following the recent recommendation by the World Bank urging the Federal Government to…