Industry

Nigerian National Petroleum Corporation (NNPC) Limited has recorded and earned about N1.7trillion from crude oil sales in the last 12 months. The corporation’s latest monthly and financial report for August said the sum was earned…
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Oil prices sank on Friday, after U.S. consumer prices rose more than expected and China imposed new COVID-19 lockdown measures. Brent crude fell $3, or 2.4%, to $120.07 a barrel at 10:56 a.m. EDT (1456 GMT). U.S. West Texas…
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The Total revenue made by the Nigerian National Petroleum Corporation (NNPC) from crude oil sales in one year has been put at N1.7trn. The corporation’s latest monthly and financial report for August said the sum was earned from…
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The Central Bank of Nigeria (CBN) has said that earnings from oil sales has dropped to N945 billion. CBN stated this in its monthly economic report for January 2022. It would be noted that this drop in oil revenue is despite the rise…
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L-R: Mr. Basil Omiyi, Chairman, Seplat Energy; Suneel Bakhshi, Chairman, LSEG’s Africa Advisory Group; Dr. ABC Orjiako, Pioneer and Immediate Past Chairman, Seplat Energy Plc; Julia Hoggett, Chief Executive Officer, London Stock…
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Major global refiners are paying soaring premiums for diesel rich Egina crude from Nigeria. Competition for crude is intensifying among the world’s oil refiners with Egina crude is being offered by China’s biggest offshore…
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Cooking gas cylinder The two combatants are major players in the downstream oil and gas industry, and were business soul-mates until seemingly irreconcilable differences set them apart. Since their relationships soured in the wake of…
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Nigeria has given the state-run Nigerian National Petroleum Corporation Limited (NNPC) the greenlight to implement a deal on construction of a gas pipeline to Europe through Morocco. This follows reports of surging demand for…
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Dr. Mohammad Sanusi Barkindo The Secretary General of the Organization of Petroleum Exporting Countries (OPEC), His Excellency, Dr. Mohammad Sanusi Barkindo, experts and critical stakeholders in the energy industry, are expected to…
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Bello Mustapha By Edu Atting The academic and professional success being recorded by scholars that are sponsored annually by the Petroleum Technology Development Fund (PTDF) has been linked to the transparent process that the Fund…
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