Browsing Category
Oil and Gas
Nigeria Withdraws $1 Billion Claim Against Eni On Oil Field Deal
Nigeria is withdrawing civil claims totaling $1.1 billion against energy giant Eni SpA, ending a long battle in Italian courts over allegations of corruption in an oil field deal.
The West African country’s justice ministry will waive…
Roger Brown, Seplat MD Says Africa Should Reposition Energy Industry For Future
The Chief Executive Officer, of Seplat Energy Plc, Roger Brown has said that Africa should reposition the energy industry for the future and become much more efficient with its energy resources.
He urged African countries to accept the…
NIPCO Plans 50 Skids Of Cooking Gas In Two-yrs To Deepen Usage In Rural Communities
The NIPCO Gas Limited, a subsidiary of NIPCO PLC, has concluded plans to open at least 50 gas skids of Liquefied Petroleum Gas (LPG), otherwise known as cooking gas across the country within the next 24 months to make the product available…
NNPC Ltd Restores Production of 275,000bopd As Unions Settle Rift
Nigerian National Petroleum Company Limited, NNPCL, has restored the production of 275, 000 barrels of oil per day following the peace deal it brokered on Sunday between the Management of Total Energies, operator of the NNPC/Total JV, the…
Nigeria’s Crude Supply To India Dip To 120,000bpd On Russia-Ukraine Crisis
The Nigerian National Petroleum Company Limited (NNPC Ltd.) says the lingering conflict between Russia and Ukraine has impacted Nigerian crude oil inflows into the Indian market, dropping to 120,000 barrels per day (bpd) from the previous…
NNPC/Aiteo Launches Nembe Crude Oil Grade, Exports 1.9m Barrels
The NNPC/ Aiteo Joint venture has introduced Nembe Crude Oil Grade, a new crude oil grade into the international crude oil market.
The Nembe Crude previously blended with the popular Bonny Light grade and exported via the Bonny Oil &…
Federation Owes NNPCL N1.355trn As Reconciliation Continues
The Federation Accounts may be owing Nigerian National Petroleum Company Limited (NNPC Ltd) about N1.355 trillion after the completion of the work of the Reconciliation Committee by President Bola Ahmed Tinubu to investigate, review, and…
NLNG Train-7 Project Hits 52%, Employs 8,300 Persons
These facts emerged on Friday as the Management of Nigeria LNG Limited led by the Managing Director, Dr. Philip Mshelbila held an engagement session with the Executive Secretary of the Nigerian Content Development and Monitoring Board…
Oil Edges Higher With Focus On Israel-Hamas War, Shaky Demand
Oil advanced after slumping in the first two days of the week, as a still-contained Israel-Hamas war caused attention to shift to global demand.
Global benchmark Brent traded above $85 a barrel, near where it was prior to the Oct. 7…
Chevron Plans Hess Corp’s $53bn Acquisition
Chevron has agreed to buy U.S. rival Hess for $53 billion in stock in a deal that reflects top U.S. energy companies' drive for oil and gas assets in a world seeking lower-risk future fossil supplies and higher shareholder returns.
Reuters…