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Oil and Gas
852 posts
OPEC inaugurates 2022 World Oil Outlook at ADIPEC
The Organisation of Petroleum Exporting Countries (OPEC) on Monday inaugurated its 2022 World Oil Outlook (WOO). The WOO…
NCDMB lauds Crestech for capacity building, employment creation
The Nigerian Content Development and Monitoring Board (NCDMB), has applauded Crestech Engineering Ltd. for its full support towards…
Shell posts Q3 adjusted earnings of $9.45bn
Shell Plc reported third-quarter 2022 adjusted earnings of $9.45 billion, down from second-quarter adjusted earnings of $11.47 billion,…
NNPC, Daewoo sign MoU for rehabilitation of Kaduna refinery
The Nigerian National Petroleum Company Ltd (NNPC) and Daewoo Group have signed a Memorandum of Understanding (MoU) for…
Petrol scarcity resurfaces in Lagos, others
Petrol scarcity resurfaced yesterday, grounding commercial activities in Lagos and Ogun and other states in the country, even…
NLNG calls for more investment to ensure reliable LPG supply
Nigeria LNG Limited (NLNG) has called on stakeholders in the Liquefied Petroleum Gas (LPG) value chain to invest…
Kerosene price nears N1,000/litre in September, as cooking gas remain high
Kerosene price rose to N947.30 per litre in September, showing a 17.2% increase over the N809.52 sold in…
Afreximbank signs $635m reserve-based facility term sheet with Amni Int’l
African Export-Import Bank (Afreximbank) has executed a term sheet with Amni International Petroleum Development Company Limited, a Nigerian…
Deregulation’ll increase transparency in petroleum downstream, says Official
The Permanent Secretary, Ministry of Petroleum Resources, Gabriel Aduda, yesterday, said deregulation will increase transparency in the downstream…
PSC: US shale growth could be lower for longer
United States (US) shale growth is likely to remain slow into 2023, investment bank Piper Sandler (PSC) said…