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Despite Pandemic’s Impact, GECF Upbeat About Future of Natural Gas

Despite Pandemic’s Impact, GECF Upbeat About Future of Natural Gas

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The Gas Exporting Countries Forum (GECF) has said that the full promise of natural gas will unfold once the world is past the coronavirus...
Oil Responds to Saudi Output Cut, OPEC+ Deal, Hits 10-Month High of $54

News of Pfizer Covid-19 Vaccine Spurs 10% Increase on Oil prices

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The significant progress reported on the development of a Covid-19 vaccine by pharmaceutical company Pfizer, triggered a leap in oil prices, agencies reported on Monday.The news of...
Covid19: Dangote Refinery Mgt Pushes Opening to Last Quarter, 2021

Covid19: Dangote Refinery Mgt Pushes Opening to Last Quarter, 2021

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Dangote Refinery has said that progress at the Ibeju Lekki, Lagos-based refinery has been negatively impacted by the corona virus because many of the...
Energy Transition Forces Rystard to Revise Long-Term Oil Demand Forecast

Energy Transition Forces Rystard to Revise Long-Term Oil Demand Forecast

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      …Says oil demand to peak in 2028Norwegian energy intelligence firm, Rystad Energy, has been forced by developments in the Covid-19 pandemic experience, especially...
Oil Responds to Saudi Output Cut, OPEC+ Deal, Hits 10-Month High of $54

Oil Price Skips After Trump Made False Victory Claims at US...

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There were reports yesterday that oil prices rose nearly 3 per cent after President Donald Trump falsely claimed victory in a tight U.S. election...
FG Considers Travel Ban Over New Strain of COVID-19

Global Oil Sector still Hunted by Covid-19 Damage – Expert

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Oando Energy Resources, Nigeria’s wholly indigenous oil company, has said that the impact of the corona virus pandemic will continue to hunt the global...
Oil Price Slips as New Coronavirus Strain Spreads

Fresh COVID-19 Lockdowns Drive Oil Prices to Four-Month Low

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Oil fell to a four-month low, deepening Wednesday’s slump as Covid-19 lockdown restrictions grow in Europe. Futures in London lost 3.9%, declining as the dollar...
DPR Score Nigerian Oil Industry High in Pandemic Management

DPR Score Nigerian Oil Industry High in Pandemic Management

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The Department of Petroleum Resources (DPR) score the Nigerian oil and gas industry performed above global average in the management of the coronavirus pandemic...
Less Than 40% of Nigeria’s Oil Pipelines Operational – NNPC

COVID-19: Nigeria Lost Over N1.06trn in Oil Revenue

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Nigeria National Petroleum Corporation (NNPC) has confirmed that the country's oil revenue target declined by N1.06 trillion due to the impact of the COVID-19...
NOGOF 2021: Kyari Lists Opportunities in Nigerian Oil & Gas, Power Sectors

339 companies Bid for 2020/21 Crude Oil Sales Contract – Kyari

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The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Malam Mele Kyari has disclosed that no fewer than 339 companies are bidding for the...
Less Than 40% of Nigeria’s Oil Pipelines Operational – NNPC

NNPC Denies Reports of Bribe to NANS, Funding Vote-Buying in Ondo

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      ….Considers Legal Redress against Saharareporters, NairalandNigerian National Petroleum Corporation (NNPC) has refuted reports in a section of the media alleging that it paid...
Oil Price Slips as New Coronavirus Strain Spreads

Oil Price Slips as New Lockdown Measures Threaten Demand Recovery

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Oil price slips on Thursday as new restrictions to stem a surge in COVID-19 infections have increased uncertainty over the outlook for economic growth...
Electricity Grid Collapses 27 Times in Three Years

COVID-19: Electricity Sector to Play Key Role in Economic Recovery

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The International Energy Agency (IEA) has reiterated the critical position electricity occupies in the attainment of sustainable economic recovery from the covid-19 onslaught on...
NAPE President Commends NNPC for Intensifying Oil Search in Benue Trough

NAPE President Commends NNPC for Intensifying Oil Search in Benue Trough

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       …says search in Benue attracting attention of IOCsAn expert has confirmed that the exploration of oil in the Benue Trough by the Nigerian...

COVID-19 Confirms Data Adoption as Crucial Post Pandemic Oil Industry Recovery

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Panelists at the webinar organised by Microsoft and Africa Oil & Power and African Energy Chamber, yesterday in South Africa, agreed in part that...
Oil Price Slips as New Coronavirus Strain Spreads

Oil Falls Near 4% as COVID-19 Spike Continues and U.S. Debate...

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Oil prices fell yesterday almost 4% to their lowest in two weeks on worries about the outlook for fuel demand as Europe and the...
DPR Set to Launch Automated Downstream Remote Monitoring Systems

DPR Generates N742.4bn Revenue in 8 Months

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Nigeria’s Department of Petroleum Resources (DPR) has confirmed that it generated the sum of N742.4 billion revenue in eight months. Department of Petroleum Resource (DPR)...
Why Seplat Petroleum Signals Litigation Against Access Bank

Local Oil Firms Need Respite to Contain Production Cuts – Seplat...

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The new chief executive officer of Seplat Petroleum Development Company Plc, Mr Roger Brown, has said that local oil firms deserve special support from...
Nigeria Restates Commitment to OPEC+ Agreement on Oil Production

OPEC Celebrates Six Decades of Commitment, Perseverance and Sacrifice

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Hurray, the Organisation of Petroleum Exporting Countries, OPEC clocks 60! For OPEC it has been six decades of diligent and impactful drive for a...
‘Nigeria May Lose N1.2trn Oil Revenue to Non-Compliance to Fiscal Incentive Package’

Why Past Governments Failed to Remove Fuel Subsidy ― Presidency

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The Presidency has said that despite the fact that subsidy removal has long been acknowledged as the right thing to do, previous administrations for...