Oil & Gas
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Ghana Partners PTI To Deepen Capacity In Oil & Gas
The partnership agreement, reached during a recent visit by NPA delegation to PTI in Effurun, Delta, to explore a strategic…
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Nigeria’s Oil Sector Faces Capacity Crisis, NCDMB Reveals
The finding has renewed efforts by the Board and industry stakeholders to develop local manufacturing capacity and reduce dependence on…
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Brent Tops $116 As Middle East Risks Grow
The global crude benchmark settled below $117 a barrel on Friday, up more than six percent this week, while West…
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Turning 215 Trillion Cubic Feet Into 215 Million Prosperities
Nigeria’s announcement that its proven natural gas reserves have risen to 215.19 trillion cubic feet, with daily production increasing from…
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Stronger Refining Boosts ExxonMobil’s Latest Earning As It Highlights Shift In Energy Profitability
Stronger refining margins are expected to support ExxonMobil’s third-quarter financial performance even as lower crude oil prices weigh on upstream…
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Equatorial Guinea Set To Pass New Law For Oil Explorers To Increase Investment
African oil producer, Equatorial Guinea, will this week pass a new law for oil explorers, with the intention of increasing…
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Brent Oil Hits $110 as Supply Risks Mount
Brent oil hit $110 a barrel for the first time since May as prospects for imminent supply relief dwindle, prompting…
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Shell To Sell Its Nigeria’s Gas Distribution Business Stake To Vaaris Energy
The Dutch oil giant a statement on Tuesday said the deal, which is subject to regulatory conditions and approvals, covered…
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NNPCL’s Profit Increased to N431bn in August, as Crude Output Rose to 1.69m bpd
The company gave the figures in its monthly report summary for August, released on Monday. According to the report, PAT…
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OPEC+ Blames Soaring Freight, Insurance Costs for Oil Flow Disruption
The ministers met on the sidelines of the 17th International Energy Forum (IEF) ministerial meeting and the 25th WPC Energy…
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