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Oil and Gas
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…
NNPCL, US, Deloitte Collaborate On Greenhouse Reduction From OML 34
The Nigerian National Petroleum Company Limited (NNPC Ltd), together with the United States Department of States and international management consultancy firm, Deloitte, has embarked on a project to reduce the emission of methane and other…
Shell, Partners Seal 10-Year Gas Supply Deal For Dangote Plant
The Shell Petroleum Development Company of Nigeria Limited (SPDC) says it has taken a final decision with its joint venture partners to build a dedicated upstream facility to supply 100 million standard cubic feet of gas per day to Dangote…
Nigeria Eyes 3 Bcf/d Gas Pipeline To Morocco After Sour Relations With Niger Scuttles Trans Sahara…
Gas-rich Nigeria is looking to fast-track the construction of a 5,600-km gas pipeline to Morocco, capable of supplying Europe, after a total breakdown in diplomatic relations with Niger scuttled the Trans-Sahara pipeline to Algeria.…
NCDMB Meets Chevron, Pledges To Fast-Track Oil Projects Approvals
The Nigerian Content Development and Monitoring Board (NCDMB) has said it would hasten the approvals of requests and documents submitted to it for the speedy development of oil and gas projects to increase oil production and improve the…
36 Oil Blocks Under Concession To Int’l Oil Companies — NNPC
Latest data from the Nigerian National Petroleum Company (NNPC) Limited showed that no fewer than 36 oil blocks are under concession to international oil companies operating in Nigeria and their indigenous counterparts in the country.
An…
Oil Prices Rise On Middle East Tensions, OPEC+ Meeting In Focus
Oil prices rose in Asian trade on Thursday as concerns over Middle Eastern supplies persisted amid increasing military action in the Red Sea, while anticipation of an OPEC+ meeting also kept traders cautious.
Markets were also digesting…
NNPC Ltd Woos South Korean Investors For Gas Projects
The Nigerian National Petroleum Company Limited (NNPC Ltd) has held talks with a South Korean consortium led by Daewoo E & C on the development of gas projects in Nigeria.
The discussions which were held in Seoul, South Korea on…
Dangote Refinery Imports Crude Oil From US
Nigeria’s Dangote Refinery, the largest in Africa, is set to import crude from the US in the coming months, a sign of just how competitive American barrels have become in the global market.
Trafigura Group sold 2 million barrels of WTI…