Nigeria’s Renaissance Africa Energy Company Limited has become the third Nigerian company and the fourth in Africa to be welcomed into the International Association of Oil & Gas Producers (IOGP). This was announced in London by IOGP, the global organisation of oil and gas companies and associations, that share best practices and data on health, […]Read More
August 26, 2025 India’s state-controlled and private refiners are expected to trim their near-term purchases of Russian oil as the U.S. is set to double tariffs on goods to 50% as of Wednesday due to India’s imports of Russian crude. The top state-owned refiners and private refiners, including Reliance Industries and Rosneft-linked Nayara Energy, are […]Read More
August 25, 2025 Crude oil prices started the week with gains following the U.S. Federal Reserve chairman’s speech last Friday, which revived hopes for more rate cuts later this year as well as Ukrainian attacks on Russian energy infrastructure. At the time of writing, Brent crude was trading at $67.85 and West Texas Intermediate was trading at $63.79 per barrel, after […]Read More
Rainoil Ltd. has received ‘MT Princess Oge’, a 45,000-metric-ton oil product tanker, on her maiden voyage into Nigerian waters. The development marks a significant step in strengthening petroleum product distribution across the country. Dr Gabriel Ogbechie, Group Managing Director of Rainoil Ltd., said the Japan-built vessel, with a deadweight tonnage of 45,996MT, successfully discharged 20,000MT […]Read More
August 14, 2025 The oil price structure has started to slowly shift as prompt futures premiums are softening compared to later-dated contracts, signaling that the market believes supply would be plentiful as soon as peak summer travel season ends. The rise in supply from OPEC+ producers, as well as from Latin America and Europe, has […]Read More
August 14, 2025 India’s state-owned refiners, which paused Russian crude buying a few weeks ago, have now started to inquire traders about potential purchases of the flagship Russian crude Urals, sources familiar with the development told Reuters on Thursday. The biggest Indian state-owned refiners have pulled out of spot purchases of Russian crude for cargoes loading in […]Read More
August 11, 2025 Crude oil prices extended their losing streak from last month, opening lower today on expectations that the Friday meeting between the presidents of Russia and the United States would yield a deal resulting in more oil supply. At the time of writing, Brent crude was trading at $66.24 per barrel, with West Texas Intermediate at $63.43 […]Read More
Africa requires a strategic mix of environmental stewardship, community investment, and bold energy transitions designed to power a resilient and equitable future, leading international energy and infrastructure conglomerate, Sahara Group has said in its recently published 2024 Sustainability Report. Themed, “Beyond Energy: Fostering Africa’s Sustainable Future” the report reflects Sahara Group’s commitment to delivering inclusive, […]Read More
6th August 2025 The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has proposed fresh rules on the safe decommissioning of filling stations, sparking opposition from retail outlet owners in the downstream sector. The draft regulation, currently undergoing public scrutiny at the Stakeholders’ Consultation Forum on the Proposed Midstream and Downstream Petroleum Safety and Environmental […]Read More
Leading global energy and infrastructure conglomerate, Sahara Group reinforced its dedication to nurturing future communication leaders, emphasizing the human advantage over AI at the #MADWITHCOMMS forum at the University of Lagos (UNILAG). #MADWITHCCOMMS which is short for “Making A Difference with Communications” is a Sahara Group thought leadership initiative geared towards supporting, steering and shaping […]Read More
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