Crude Oil Prices Rises Ahead Of OPEC+ Resolves

As the Organization of Petroleum Exporting Countries and Friends (OPEC+) decides on output for 2024, the price of crude oil is rising globally. Expectations are...

Gas Production Decline Admist FG’s N250bn Intervention Fund

Natural gas production decreased last year even though fifteen businesses received a N250 billion intervention money. The Energy Institute and KPMG together released an...

Brent crude Surges to $83 Ahead of OPEC Meeting

Brent crude surged to $83 per barrel in anticipation of the Organization of Petroleum Exporting Countries (OPEC) meeting scheduled for today. As of 7:47 AM...

Gas Production Declines Despite FG’s N250billion Intervention Fund

Gas production experienced a decline in the past year, despite the Federal Government's injection of a N250 billion intervention fund into fifteen companies. According to...

Equinor Sells Nigerian Business To Chappal Energies  

Equinor sells its Nigerian business, including its share in the Agbami oil field, to Nigerian-owned Chappal Energies.     Equinor and Chappal Energies have entered into an...

Crude Oil Prices Get Backs Ahead Of OPEC+ Meeting

Prior to the rescheduled meeting of the Organization of Petroleum Exporting Countries (OPEC) and its allies (OPEC+) for November 30, petroleum prices throughout the...

Diesel Prices Reduces to N978 per Liter

As the holiday season approaches, diesel prices in Nigeria have experienced a significant decline, reaching N978 per liter as of Tuesday, November 28, according...

Nigeria, Angola Resist OPEC’s Proposal for Oil Quota Reduction

Nigeria and Angola have expressed their opposition to a reduction in their crude oil production quotas proposed by the Organization of the Petroleum Exporting...

Tinubu Reappoints Kyari As GCEO Of NNPCL

The Nigerian National Petroleum Company Limited (NNPCL) has a new Board and Management team as of December 1st, according to President Bola Tinubu's approval. This...

FG to Supply 5 Billion Cubic Feet of Gas to Domestic, Export Markets

The Nigerian Federal Government has affirmed its commitment to providing a daily supply of 5 billion cubic feet of gas to both domestic and...

Crude Oil Prices Drop Below $80 Amidst Various Doubt

As members of the Organization of the Petroleum Exporting Countries (OPEC) and allies (OPEC+) got ready for a meeting later this week, oil prices...

Dangote Refinery Starts Production With 350,000bpd

Founder Aliko Dangote said that the much-awaited project would start with 350,000 barrels per day next month, but in the meanwhile, Dangote Refinery has...

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