oil and gas

FG Bows to Labour, Shelves Plan to End Fuel Subsidy from July

January 26, 2022

Onyebuchi Ezigbo, Emmanuel Addeh, James Emejo, Adedayo Akinwale, Sunday Aborisade in Abuja and Peter Uzoho in Lagos Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed,...... Continue Reading >

Goldman Sachs Forecasts Oil to Breach $100 a Barrel in 2022

January 25, 2022

Brent oil prices, which have been on the surge are primed to rise above $100 per barrel later this year, Goldman Sachs analysts have said. According to the firm, as quoted by Reuters,...... Continue Reading >

The world needs smarter policies for the carbon transition to succeed, Crescent Petroleum CEO tells Abu Dhabi Sustainability Week panel.

January 20, 2022

The energy supply crunch in Europe, Asia and the US this past year has underscored the need for smarter carbon-transition... Continue Reading >

Ex-MOMAN Chair Expresses Doubt Over Planned Energy Bank

January 18, 2022

Citing Nigeria’s revenue crisis, immediate-past President, Major Oil Marketers Association of Nigeria and Managing Director of 11Plc, Mr. Tunji Oyebanji, has said Nigeria would...... Continue Reading >

Firm Targets 60,000 bpd Oil Production in 18 months

January 18, 2022

Leading independent oil producer, Showline Natural Resources Limited, has disclosed the company’s ongoing effort to ramp up production from its asset to 60,000 barrels per day...... Continue Reading >

Despite Rising Population, Increasing Govt. Spending, Nigeria Producing Less Oil Than 25 Years Ago

January 18, 2022

Nigeria is producing far less oil than it did 25 years ago when the estimated population was much less than what it is today and government spending was far below what it is in 2022,...... Continue Reading >

Frisson Introduces Power Black Energy Drink with Iconic Hygienic Cover

January 14, 2022

Frisson Nigeria Limited, has launched power black energy drink into the Nigerian market with an iconic hygienic cover. The Power Black Energy drink is a Turkey made energy drink with...... Continue Reading >

Energy trade balance deficit rises 18% at end of November 2021 (report)

January 14, 2022

(TAP) - The deficit of the energy trade balance widened from 4,266 million dinars at the end of November 2020, to 5,055 MD at the end of November 2021, up 18% (taking into account the...... Continue Reading >

Domestic crude oil production up by 27% in late November 2021

January 14, 2022

(TAP) - The domestic crude oil production increased by 27% to 1759 kilotons (kt) at the end of November 2021, compared to the end of November 2020, according to a report on the energy...... Continue Reading >

Domestic demand for oil products grows 9% at end of November 2021

January 14, 2022

(TAP) - The domestic demand for oil products posted an increase of 9%, at the end of November 2021, compared to the same period of 2020, to 4135 kilotons of oil equivalent (ktoe), reveals...... Continue Reading >