Covid-19

The Nigerian Content Development and Monitoring Board, NCDMB, has donated ventilators to some hospitals in Bayelsa State as part of its corporate social responsibilities to support the fight against the spread of the novel Coronavirus and…

The International Renewable Energy Agency’s (IRENA) 11th Assembly started today (Monday) and takes place virtually setting the course for a critical year of global commitments to low-carbon development. With the postponed COP26 set to…

Over 500 urban areas around the world are expected to adopt Digital Twin technology by 2025, a research has revealed. The increased demand for Digital Twin Technology is said to be driven by the COVID-19 outbreak which has led to the…

The Federal Government has said that it does not have any plan of rescinding its policy on subsidy removal on Premium Motor Spirit (PMS), popularly known as petrol. The Minister of Finance, Budget and National Planning, Zainab Ahmed…

A floating regasification unit (FRU) that will allow Ghanaian customers to access Liquified Natural Gas (LNG) is expected to arrive in the country in the first quarter of 2021. The purpose-built FRU, which was built by Jiangnan…

The impasse on OPEC+ production level for the months of February and March 2021 which resulted in the extension of the group’s meeting to Tuesday has been resolved with Saudi Arabia going on voluntary dipping of its oil output by one…

…Says OPEC Achieve Biggest Production Cut in 2020 The Organsiation of Petroleum Exporting Countries and its allies (OPEC+) have failed to reach a consensus on oil production output,…

The Department of Petroleum Resources (DPR) said that it has successfully shortlisted 161 companies to advance to the final stage of the bid round process for 57 marginal oilfields. The head of public affairs, DPR, Paul Osu, announced…

The resurgence of the coronavirus at different pace, in different parts of the world is projected to occasion a 20 per cent drop in value of oil in 2020. Global crude oil markets had lost about a fifth of their value in 2020 as…

The state of trucks on Nigerian roads has been a source of concern to stakeholders in the haulage industry, stressing that the life span of the articulated vehicles that ply Nigerian roads were over 30 years.   This was made known…

Oil prices slips on Tuesday, extending sharp losses overnight, as the rapid spread of a new strain of the novel coronavirus in the United Kingdom prompted several countries to close their borders to British travellers and freight. U.S.…

On 12 December 2015, virtually all countries adopted the Paris Agreement, pledging to keep the rise in global average temperatures this century to well below 2 degrees Celsius (°C) ideally to 1.5°C. However, projections by the Climate…

Oil prices fell on Tuesday, adding to losses from the previous session that came as California tightened its pandemic lockdown through Christmas and coronavirus cases continued to surge in the United States and Europe. Brent crude…

Oil prices fell on Tuesday as concerns over mounting supply returned to the fore after leading producers delayed talks on 2021 output policy, while the coronavirus pandemic continues to sap fuel demand. Brent crude was down by 35 cents,…

The Organisation of the Petroleum Exporting Countries will, on Tuesday, continue its discussion on the extension oil production cuts as it set its sights on “oil market stability in the interest of producers, consumers and the global…

The secretary of the Organisation for Petroleum Exporting Countries (OPEC), Mohammed Sanusi Barkindo, has predicted that the outlook for oil demand is expected to normalize by 2025. In a speech he gave at the Crescent Ideas Forum last…

With fuel demand in Europe falling again as major economies re-imposed lockdowns to fight the spike in coronavirus cases, it is believed that more refineries in Europe are at risk of permanent closure. Oilprice.com reported last weekend…

The Group Managing Ddirector of the Nigerian National Petroleum Corporation (NNPC), Engr Mele Kyari, has said that the apex oil corporation is the only company in the country that has cut its losses within one financial year by N800…

Oil producers in Arab Gulf are reportedly losing billions of U.S. dollars from oil revenues this year due to the impact of the Covid-19 pandemic that crippled global oil demand and oil prices. Oilprice.com reported last weekend that as…

The African Energy Chamber has released The Africa Energy Outlook 2021, with the forecasts for increased gas monetisation across the continent on the back of decarbonisation and industrialisation drive. The Chamber said it discovered…