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There is seeming disagreement among producers nations with the Organization of Petroleum Exporting Countries, OPEC which is still mulling to sustain production slice to further stabilize the global oil market. The OPEC+ is once…
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Oil giant Shell (SHELL) has confirmed that a fire near its Gbaran Ubie gas facility in Nigeria’s Bayelsa state, which started on Tuesday, has been extinguished. “We are pleased to report that the fire outside our Gbaran Central…
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Chairman and Chief Executive, Emirates Airline and Group, Sheikh Ahmed bin Saeed Al Maktoum The Emirates Group will award eligible employees a five-month (20-week) salary as a bonus after the company announced a significant profit of…
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Managing Director and Chief Executive Officer (CEO) of UTM Offshore Ltd, owners of Nigeria’s first indigenous Floating Liquified Natural Gas (FLNG), Dr. Julius Rone, has been crowned in Paris as the award winner of Invest in Africa…
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Why are BRICS countries so gung-ho about dedollarization? Well, picture this: they’re kinda fed up with the US dollar hogging the spotlight in global trade and finance. It’s like they’re saying, “Hey, we’re big players too!” First…
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*National Automotive Design and Development Council set to commence accreditation of CNG conversion workshops. *The move is to ensure safety and standard amid plans let Nigerians use CNG as an alternative and cheaper transportation…
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The Organisation of the Petroleum Exporting Countries says that Nigeria’s dwindling daily oil production turned a corner in April, increasing marginally from 1.23 million barrels per day in March to 1.28 million barrels per day in…
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Dangote refinery in Lagos reportedly plans to purchase at least 24 million barrels of US crude oil over the next year as it increases its processing capabilities. The $20 billion refinery, established by Africa s richest man…
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Seplat Energy Plc has announced the commissioning of the ANOH gas processing plant by the President of the Federal Republic of Nigeria, His Excellency Bola Ahmed Tinubu GCFR on 15th May 2024. The ANOH Gas Processing Company (AGPC),…
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World Bank The World Bank has blacklisted 58 Nigerian companies and individuals for engaging in corrupt practices, a move that comes as part of the institution’s ongoing efforts to uphold integrity and transparency in its projects and…
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