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“We look forward to ExxonMobil engaging in deeper collaboration and partnership with the New NNPC" President Muhammadu Buhari yesterday urged operators in the petroleum industry to take advantage of the new Petroleum Industry…
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By Teddy Nwanunobi European gas prices surged again, bringing their gains over just two days to 60 per cent, as the impact of soaring energy costs rippled through equity and bond markets and the European Union sounded the alarm,…
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By Teddy Nwanunobi Saudi Arabia reduced oil prices for its main buyers, a day after OPEC+ sent crude futures surging by sticking to a plan for slow and steady supply increases. State firm Saudi Aramco’s cuts for customers in…
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"This means Nigeria’s landing cost of petrol is expected to rise closer to N250 per litre" By Teddy Nwanunobi Nigerian states, including local government areas, might face financial difficulties in the coming months as the rise…
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“For us to conclude the job, we need to strengthen our partnership with government agencies like NSCDC to achieve a common goal” By Teddy Nwanunobi The Anambra State Command of the Nigeria Security and Civil Defence Corps (NSCDC)…
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“If output continues to fall short of the group’s targets, oil prices could remain high into next year as well” By Teddy Nwanunobi Some analysts have seen the Organisation of Petroleum Exporting Countries (OPEC) oil strategy as…
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By Teddy Nwanunobi The price of the Organisation of Petroleum Exporting Countries (OPEC) basket of 13 crudes stood at $80.43 per barrel on Tuesday. This is compared with $78.25 the previous day, according to OPEC Secretariat…
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By Teddy Nwanunobi Wärtsilä, a technology group, has renewed an agreement with Lafarge Africa Plc, one of Nigeria’s leading building material producers, by signing a five-year long-term operation and maintenance (O&M). The…
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Mr. Everestus Chimezie Obiyo, Anambra State Commandant of the Nigeria Security and Civil Defence Corps, ( NSCDC) has reiterated commitment to waging war against illegal dealings in Petroleum Products in the State. Obiyo stated this…
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Stakeholders in the oil and gas industry have called for diligent implementation of the Petroleum Industry Act (PIA) to ensure that the intended reforms in the sector are achieved. The stakeholders who spoke at a roundtable on PIA…
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