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The Federal Government on Monday disclosed that out of 7,000 oil reserves that have been discovered in the country, only 1,700 of the reserves are currently producing crude oil.The government disclosed this in Abuja through its…
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Total, French multinational oil company, has changed its name to TotalEnergies, courtesy of its shareholders who unanimously approved the development at the ordinary and extraordinary meeting last week.Besides, the company said it is…
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BP (BP.L) and Eni (ENI.MI) are in talks over the future of their oil and gas assets in Algeria as the two groups increase efforts to refocus their businesses to tackle falling margins, rising debt and climate…
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*To safeguard National Energy Security By Teddy NwanunobiIn line with a Federal Government policy directive which stipulates the mandatory participation of the Nigerian National Petroleum Corporation (NNPC) in any privately-owned…
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Nigerian politicians have a penchant for transferring their aggression to the country’s inconsequential majority toiling below poverty line. They are voiceless and powerless in the face of the transferred aggression. That makes them a …
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By Teddy NwanunobiA year after 2020 marginal field bid round began with 591 companies applying to win 57 oil fields on offer, the Department of Petroleum Resources (DPR), on Monday, in Abuja, awarded marginal oil field licences that…
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By Teddy Nwanunobi The Organisation for Petroleum Exporting Countries (OPEC), on Monday, said it has revised its global economic growth forecast for 2021 up by 0.1 production parity (PP) to reach 5.5 per cent year-on-year (y-o-y).…
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By Teddy NwanunobiThe Organisation for Petroleum Exporting Countries (OPEC), on Monday, said it has revised its global economic growth forecast for 2021 up by 0.1 million barrels per day (mbpd) to reach 5.5 per cent year-on-year…
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By Teddy NwanunobiOil prices climbed in early Asian trade on Monday. This was supported by the bright outlook for fuel demand growth in the next quarter, while investors looked ahead to the Organisation of Petroleum Exporting Countries…
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By Teddy NwanunobiThe Nigeria Extractive Industries Transparency Initiative (NEITI) and the Department of Petroleum Resources (DPR) have agreed to work together to deepen Nigeria’s implementation of contract transparency and…
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