Total Seeks to Join Exodus of Oil Majors From Onshore Nigeria
French firm to put its stake in Nigeria joint venture on saleShell, Exxon are already in process of leaving onshore fields
TotalEnergies will put up for sale its minority stake in a Nigerian oil joint venture, joining the exodus of!-->!-->!-->!-->!-->…
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Seplat grows Q1 pre-tax profit by 197.8% to N34.7bn
....Q1 interim dividend of US2.5 cents per share
Seplat Energy Pls, a leading Nigerian independent energy company listed on both the Nigerian Exchange Limited and the London Stock Exchange has announced its unaudited results for the!-->!-->!-->!-->!-->…
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Report gives reasons FG, IOCs’ fight against oil theft fails
...Says modular refinery will not end theft
Report by Professor of Economic History at the University of Port Harcourt, Ben Naanen, has said measures adopted by Federal Government and oil companies in the fight against oil theft in!-->!-->!-->!-->!-->…
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Adulterated Petrol: Reps’ Stance Unacceptable!
The House of Representatives, last Thursday, stunned Nigerians when it declared that nobody would be sanctioned for the supply of adulterated Premium Motor Spirit, otherwise known as petrol, which caused a major crisis in Nigeria’s!-->!-->!-->…
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$2.5Trillion in Cash to Flow from Oil and Gas Sector to Government Coffers in 2022
Sustained high commodity prices and increasing oil and gas supply are set to push upstream sector payments to governments to an all-time high of $2.5Trillion this year, smashing the previous record of $2.1Trillion set in 2011, Rystad!-->!-->!-->…
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Oil prices dip as Europe turns away from Russian oil, dollar soars
Oil prices dipped on Wednesday as a soaring dollar made barrels more expensive and Europe’s biggest economy Germany was speeding up plans to wean itself off Russian oil while coronavirus outbreaks clouded China’s economic outlook.
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Oil, gas data businesses to hit $145.9 billion
Data business in the oil and gas sector could hit as much as $145.9 billion by 2032, rising at a compound yearly growth rate of 16.5 per cent for the next decade.
This is coming despite the divestment and push from fossil fuel. The!-->!-->!-->!-->!-->…
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NCDMB, SON collaborate on certification of oil & gas equipment
The Nigerian Content Development and Monitoring Board would collaborate with the Standards Organization of Nigeria, over a uniform standard for certification of locally manufactured equipment, materials, products and goods used in the!-->!-->!-->…
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Succour for Nigeria as global oil demand, price may decline
Projected demand drop of over 1.4 million barrels per day of crude oil at the international market may provide brief succour for Nigeria’s economy, which has been gasping for breath over soaring oil prices.
Although a rise in oil!-->!-->!-->!-->!-->…
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Nigeria’s Petroleum Ministry Announces Dates for NIES 2023
Nigeria’s Federal Ministry of Petroleum Resources has unveiled plans for the 6th edition of the Nigeria International Energy Summit (NIES 2023). The official Oil and Gas meeting of the Federal Republic will take place in Abuja from!-->!-->!-->…
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