Browsing Category
Oil and Gas
CBN Bars Int’l Oil Firms From Repatriating 100% FX Proceeds At Once
The Central Bank of Nigeria (CBN) has stopped international oil companies operating in Nigeria from repatriating 100% foreign exchange proceeds to their mother companies overseas at once.
The apex bank said international oil companies…
Climate Change: NNPC Ltd/Total Energies JV Achieves Zero Gas Flare
The operator of NNPC Ltd/TotalEnergies Joint Venture said the venture has achieved zero routine gas flare in all its assets.
The feat was announced on Thursday during an inspection tour of OML 100 in the South-eastern Niger Delta, off…
Petroleum Commission To Relocate Key Departments To Lagos
The Nigerian Upstream Petroleum Regulatory Commission is currently considering relocating some of its units to Lagos, according to a document seen by Channels.
The memo dated February 14, 2024, said the decision was to enhance its…
Shell Lowers LNG Growth Outlook As Demand Set To Peak In 2040s
Shell Plc said that demand for liquefied natural gas by 2040 will be slightly lower than previously forecast as the world is preparing for life beyond fossil fuels.
The energy major, which usually holds a bullish stance on consumption,…
Oil Prices Tread Water Ahead Of CPI Data, OPEC Report
Oil prices moved little in Asian trade on Tuesday as traders turned cautious ahead of key U.S. inflation data that is expected to factor into the path of interest rates, while an OPEC monthly report was also in focus.
Prices were…
Shell Supplies 475,000 Barrels Of Crude Oil To Port Harcourt Refinery
Shell Petroleum Development Company of Nigeria Limited says it has completed the supply of over 475,000 barrels of crude oil to the Port Harcourt Refining Company Limited (PHRC), through its Bonny Oil & Gas Terminal (BOGT).
This,…
Africa’s Biggest Oil And Gas Finds Are Doing Little For Economies At Home
The last thing Senegal needed in its long-drawn-out effort to capitalize on large oil and gas finds off its coast was political turmoil.
Africa’s newest natural gas superstar had bubbled with optimism when BP Plc, Woodside Energy Group…
Shell Begins Supply Of Crude Oil To Port-Harcourt Refinery Ahead Of Operations
Shell Nigeria has started supply of crude oil to Nigeria’s Port-Harcourt refinery ahead of commencement of refining operations later this quarter.
The spokesperson for the company Bamidele Odugbesan relayed this information in an…
Oil Heads For Weekly Gains After Israel Rejects Ceasefire Offer
Oil prices were little changed on Friday, staying on track for weekly gains, with tensions persisting in the Middle East after Israel rejected a ceasefire offer from Hamas.
Brent crude futures slipped 1 cent to $81.62 a barrel by 0334…
NNPC Adds 14,000bpd As Akpo Westfield Begins Production
Nigerian National Petroleum Company Limited (NNPC Ltd) has announced the successful commencement of oil production from the Akpo West Field to optimise production from the nation’s oil and gas assets.
The milestone, which the company…