Oil Majors Borrow Billions for Buybacks as Production Wanes
US oil drilling activity has dropped to near post-pandemic lows due to low oil prices and cost inflation, with the rig count falling for over...
Author : Braimah-Shaka
Portugal to import more Nigerian LNG.
Portugal plans to increase purchases of liquefied natural gas (LNG) from the United States and Nigeria as it aims to end already dwindling supplies from...
NNPCL uncovers 55 illegal refineries, list hotspots of crude oil theft.
The Nigeria National Petroleum Company Limited said it uncovered 55 illegal refineries and 29 illegal pipeline connections in one week across the Niger Delta region....
Seplat Energy to strengthen partnership with Akwa Ibom State
Seplat Energy, Nigeria’s leading indigenous oil and gas producer, has expressed its commitment to partnering with the Akwa Ibom State Government for sustainable development. This...
Chinese Firm backs Nigeria’s $20 billion Gas Project
China National Chemical Engineering International Corporation Ltd (CNCEC) has announced its commitment to support Nigeria’s ambitious $20 billion Ogidigben Gas Project in Delta State, marking...
Airtime, data costs rise as NCC approves 50% tariff hike for Telecom Operators
TELECOM subscribers in Nigeria will pay higher costs for data and airtime as the Nigerian Communications Commission (NCC) has approved a 50 per cent tariff...
US withdraws from World Health Organisation, WHO.
President Donald Trump has announced US’s withdrawal from the World Health Organization, in a significant move that drew criticism from public health experts on his...
Nigeria regains top spot in Africa’s oil upstream investment.
Nigeria has reclaimed its position as Africa’s leading oil upstream investment destination, overtaking Angola despite the latter’s continued investment in major deepwater developments. Data sourced...
MRS, Ardova, Heyden to sell Dangote Petrol at N970/litre
Dangote Refinery has announced a new retail price for Premium Motor Spirit (PMS), with key distribution partners MRS Oil, Heyden, and Ardova agreeing to sell...
Why We Increased Petrol Price – Dangote Refinery
The Dangote Petrochemical Refinery has attributed its recent adjustment in the price of Premium Motor Spirit (PMS), commonly known as petrol, to the rising cost...