Critical stakeholders have underscored the need to tackle illegal oil bunkering in the Niger Delta, lamenting that the country’s revenue is dwindling drastically due to the activities of oil thieves. The stakeholders who spoke in during interviews in some of…
Shell Petroleum Development Company of Nigeria Limited (SPDC) is planning to resume the testing of its main trunkline, the Trans Niger Pipeline (TNP). A competent source, who pleaded anonymity, confirmed the development on Wednesday in Lagos. The TNP takes crude…
Oil and gas giant Shell has confirmed that its Chief Executive will step down at the end of 2022. There had been speculation that Ben van Beurden was on his way out of the supermajor after almost a decade at…
Saudi Arabia has revealed that its crude oil production climbed to over 11 million barrels a day last month, exceeding the symbolic level for the first time in two years as the kingdom fulfilled a pledge to stabilize world markets.…
..Says $2.6bn yet to be recovered from companies as at March, 2022 The Federal Government has recovered a total of N2.6 Trillion revenue from oil firms following the Nigeria Extractive Industries Transparency Initiative (NEITI) National Assembly intervention. NEITI said a…
…Donates cleaning tools to Bodija market By Ibiyemi Mathew Ahead of the World Clean-up day, TotalEnergies has embarked on a CSR initiative to celebrate the global event. The organisation took its first campaign to Mokola and Bodija Market in Ibadan,…
UK and European governments’ freezing energy prices risks blanketing the Continent in power blackouts, a Wall Street investment bank has warned. Keeping energy bills artificially low will likely stimulate energy demand, possibly causing supplies to run dry, Goldman Sachs said…
The Federal Government is planning to use Compressed Natural Gas (CNG) to reposition the transportation sector in urban cities across the country. The Minister of State for Transportation, Ademola Adegoroye, said this in a statement by the spokesman for the…
South Sudan has threatened to quit the OPEC group if it interferes with its ability to meet its ambitious oil production plans, first vice-president Riek Machar said on Tuesday. Speaking at an industry conference on September 13, Machar said that…
Oil prices pared some losses on Monday, with Brent gaining nearly two per cent as a nuclear deal with Iran seemed to fade further away and markets refocused on Europe’s coming ban on Russian oil and tight supply fears. At…
