Engr. Chichi Emenike, Acting Managing Director and Gas Asset Manager, Neconde Energy Limited (OML 42), has called on the Federal Government to urgently address the numerous bottlenecks obstructing investment in Nigeria’s upstream petroleum sector. Emenike made the call on Wednesday in Abuja while speaking to newsmen after a panel session at the ongoing 2025 Nigeria […]Read More
Jul 01, 2025 UK energy regulator, Ofgem, has given the provisional green light to an investment program of $33 billion (£24 billion) to maintain essential gas distribution networks and expand the power grid in a move to boost energy security and allow more renewables to enter the electricity system. A total of $20.7 billion (£15 […]Read More
Jun 30, 2025 U.S. gas prices have dropped to their lowest Independence Day level in four years, with the national average now at $3.14 per gallon, according to GasBuddy. The dip is driven by a retreat in Middle East tensions and consistent supply from both U.S. shale producers and OPEC+ exporters. Brent crude futures have fallen […]Read More
The Group Chairman of Nigerian Exchange Group (NGX Group), Alhaji (Dr.) Umaru Kwairanga, has praised the President/Chief Executive, Dangote Group, Aliko Dangote for his substantial contributions to the Nigerian capital market and private sector development. He noted this during a courtesy visit to the Dangote Petroleum Refinery & Petrochemicals and Dangote Fertiliser Limited by capital […]Read More
The Nigerian Liquefied Natural Gas, NLNG, on Thursday, commissioned a state-of-the-art modern laboratory complex at Abubakar Tafawa Balewa University Teaching Hospital (ATBUTH), reaffirming its commitment to improving access to quality healthcare across the country. NLNG’s Manager, Corporate Communication and Public Affairs, Mrs. Anne-Marie Palmer-Ikuku disclosed this in a statement made available to newsmen in Port […]Read More
The Ministry of Petroleum Resources (MPR) has reaffirmed its commitment to strengthening transparency and accountability across its departments, with a view to improving its performance rating by the Independent Corrupt Practices and Other Related Offences Commission (ICPC). This renewed commitment was evident at the deployment of the Ethics and Integrity Compliance Scorecard (EICS) and the […]Read More
Olufemi Soneye, the Chief Corporate Communications Officer of the Nigerian National Petroleum Company Limited (NNPCL), has resigned from his appointment. Soneye disclosed this in a statement made available to media on Saturday. Soneye’s full statement: Dear Esteemed Colleagues, I extend my heartfelt gratitude to you all for the unwavering support, professionalism, and genuine commitment you’ve […]Read More
Jun 20, 2025 When the wholesale oil price goes up, many people notice it first when it leads to higher petrol prices. But more expensive energy also feeds through to higher prices for almost everything, from farming to manufacturing. When it comes to food, higher energy costs can lead to higher prices on the shelf […]Read More
Jun 19, 2025 Chevron Explores Sale of Singapore Refinery Stake Reuters reported on Thursday, citing multiple sources with knowledge of the matter. Singapore Refining Company is a 50/50 joint venture between Chevron and Chinese state-run oil and gas giant PetroChina. The refinery in Singapore can process 290,000 barrels per day (bpd) of crude oil, with the fuel traded through […]Read More
The prices of oil rose on Wednesday, June 18, 2025, extending a 4% gain from the previous session on worries that the Iran-Israel conflict could disturb supplies. Brent crude futures rose 26 cents, or 0.3%, to $76.71 a barrel by 0440 GMT, while U.S. West Texas Intermediate crude futures rose 35 cents, or 0.5%, to […]Read More
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