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Renewed European lockdowns will delay demand recovery in the global oil market, particularly if these measures are extended into 2021 or further restrictions are re-introduced in the US or other regions, Fitch Ratings says. However, OPEC+…
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The Nigeria Association of Petroleum Explorationists (NAPE) has announced that its 38th Annual International Conference and Exhibition (AICE), which is perhaps the largest gathering of earth scientists and other stakeholders in the oil and…
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The President of the Nigerian Association of Petroleum Explorationists (NAPE) Alex Tarka has said that the federal government exploration campaign in the frontier basins particularly the Benue trough will be vigorously pursued and…
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This week, the African Energy Chamber will publish a report outlining its short-term predictions for the continent. That report, Africa Energy Outlook 2021, identifies Nigeria as the country with the most potential for increasing…
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Biden’s victory could end up reshaping the U.S. energy sector in years to come, although the president-elect may have limited room to maneuver given that control of the Senate remains unclear.The president-elect has pledged to spend…
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To further deepen its Liquefied Petroleum Gas (LPG), popularly called cooking gas, NIPCO Plc has announced plans to deploy skids and bottling plants across Nigeria.Its Managing Director, Mr. Suresh Kumar, disclosed this on the…
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Nigeria exported crude oil and gas worth $3.71bn from August 2019 to August 2020, latest statistics released by the Nigerian National Petroleum Corporation have shown.The NNPC also stated that Nigeria’s total crude oil and gas export…
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Key members of OPEC are wary that strains in the OPEC+ alliance could reemerge with Joe Biden as U.S. President, sources close to the organisation said, and would miss President Donald Trump who went from criticising the group to helping…
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Nigeria might face the scarcity of Premium Motor Spirit, popularly called petrol, in coming days as oil workers have been ordered to down tools across the country.Oil workers under the Petroleum and Natural Gas Senior Staff Association…
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• Posts $139.50Million Crude Oil & Gas Export SalesThe Nigerian National Petroleum Corporation (NNPC) has said that it supplied 727 Million Standard Cubic Feet per day (mmscfd) of natural gas for power generation to the country in…
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