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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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Drivers braced for the £100 tank of petrol as oil price continues to rise <img…
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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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The Federal Government has increased the freight rates of petrol by N10 per litre. A circular on the increase, which took effect June 1 will be issued today by the government. President, Nigerian Association of Road Transport Owners…
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The National Bureau of Statistics has disclosed that Nigeria spent N1.51tn on the imports of premium motor spirit, also known as petrol, in the first quarter of 2022. This was 25.54 per cent of the total imports for this quarter,…
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The black liquid has started the new week on a bullish note, with the global benchmark, the Brent, pushing above $120 a barrel after Saudi Arabia hiked prices for its crude sales in July, signalling tight supply even after OPEC+ agreed…
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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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This important book was among the three books launched by Engr. Johnson Awoyomi in February this year at Lagos. We intend to carry chapter four of the book here because of its significance to the topic, which is Cost Engineering and…
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