Shell Plays Down Risk of Stranded Oil and Gas Reserves
Royal Dutch Shell said on Thursday the majority of its oil and gas reserves will be produced by 2050, playing…
Oil near one-month highs as demand outlook improves
Oil prices eased on Thursday but remained close to a one-month high that was driven by more positive demand forecasts…
OPEC Raises Oil Demand Growth on Stronger Economic Recovery
The Organisation of Petroleum Exporting Countries (OPEC) has raised its forecast for crude oil demand growth this year on the…
NNPC Reports Marginal Increase in Gas-to-Power Generation
The Nigerian National Petroleum Corporation (NNPC) has reported an improvement in the supply of gas for power generation, saying that…
OPEC predicts rising oil demand as it plans to open taps
The Organisation of Petroleum Exporting Countries (OPEC) upgraded its expectations for global oil demand growth in 2021 Tuesday on expectations…
Why cooking gas price is high
The Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) says the Federal Government alone cannot halt the hike in the…
DPR denies revocation of 32 refineries licences
The Department of Petroleum Resources, DPR, Tuesday, denied revoking 32 refinery licences issued to private companies. In a statement in…
Nigeria’s gas expansion project will lift 100 million from poverty – Sylva
The Minister of State, Petroleum Resources, Chief Timipre Sylva the National Gas Expansion Programme (NGEP) currently being implemented by the…
U.S. shale oil output to climb 13,000 bpd to 7.61 million bpd in May -EIA
U.S. oil output from seven major shale formations is expected to rise for a third straight month, climbing by about…
DPR revokes 32 refinery licences
The Department of Petroleum Resources (DPR) has revoked 32 refinery project licences issued to private investors in the country as…