With zero foreign investment in early 2023, to billions pledged by year’s end – what lies behind the country’s dramatic offshore turnaround, and what are the challenges? The languishing oil sector in&...
China will marginally remain the largest source of growth, even as the pace of its expansion is a fraction of recent trends. Global oil demand growth is projected to average 1.1 million barrels per da...
The Nigeria National Petroleum Company Limited (NNPCL) has refuted an online video which claimed that the Company’s fuel does not last. The Chief Corporate Communicatio...
The Organisation of Petroleum Exporting Countries (OPEC) says Nigeria’s average daily crude oil production increased significantly to 1.53 million barrels per day (bpd) in January. The count...
The federal government on Wednesday said it was mulling a ban on petroleum trucks with 60,000 litres capacity, following the incessant deaths resulting from petrol tanker accidents, which have claimed...
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Dangote Petroleum Refinery & Petrochemicals has announced a reduction in the gantry price of its diesel product by N55, from N1,075 per litre to N1,020 per litre. According to a statement signed b...
The Africa Energy Bank aims to finance oil and gas projects while supporting Africa’s energy transition, with an ambitious target of reaching a $120 billion asset base. Initially expected to commence ...
The United States is expected to boost coal exports to India after China imposed tariffs on energy imports from the U.S., five industry officials said, potentially eroding Australia and Russia’s...
The Dangote Oil Refinery, with a capacity of 650,000 barrels per day, is set to achieve full operation within the next 30 days. According to Edwin Devakumar, the refinery’s head, the facility ca...
