Natural gas exports from Russia via the Yamal-Europe pipeline will remain limited at the start of this week as true winter begins and Russia keeps more gas for domestic consumption, with maximum temperatures in Moscow dipping below zero. Nigeria NewsDirect…
Crude oil prices took a dive on Monday morning with WTI crashing 6% on the day as fresh Omicron fears spooked the market. At 11:32 a.m. EDT, WTI crude was trading at $66.44, down $4.42 (-6.24%) on the day, with Brent crude trading…
Pan Ocean Oil Corporation (Nigeria), has commissioned the 67-kilometre long Amukpe Escravos Pipeline (AEP) making it ready for optimum use. This landmark development is a demonstration of commitment by the company to transport crude to Escravos, with access for tie-in…
The Adamawa State Government has expressed its readiness to boost cotton production in the state, following the introduction of genetically modified cotton seeds, BT Cotton 2 approved by the National Biotechnology Development Agency, to farmers in the state. Governor Ahmadu…
The Nigerian National Petroleum Company Limited (NNPC), wishes to draw the attention of the general public to a fake competition trending online which claims to celebrate a so called “Anniversary Event”. In the purported contest, unsuspecting participants are encouraged to…
A new study by risk consultancy Verisk Maplecroft has shown Nigeria may have difficulty producing its huge oil and gas reserves. The study states that Africa’s number two exporter Nigeria, where reserves are concentrated around the Niger Delta river system,…
… As gas prices soar by 520 percent in 2021 The United Kingdom gas prices have soared to its highest note in years with increasing prices reflecting the current current market conditions across Europe, including the continued geopolitical uncertainty and…
By Uthman Salami Oil prices are set to exceed $100 per barrel in all three scenarios for global energy developments through 2050, with inflation and carbon prices potentially sending oil to $380 a barrel in 2050. This revelation was made by Russia’s oil producer,…
The Ijàw Diaspora Congress (IDC) is seeking the intervention of the Federal Ministry of Humanitarian Affairs and Disaster Management in the recent oil spill at Oil Mining Lease (OML) 29 at Nembe, Bayelsa. The diaspora group with headquarters in Newark,…
Eko Electricity Distribution Company (EKEDC) has pledged its commitment to support the free school initiative by New Liberty (Free) School in the Ikota Lekki area of Lagos. The move, which is in line with the Company’s efforts to continuously make…
