A civic-tech organization leading the advocacy for transparency and accountability in public finance in Nigeria, BudgIT Foundation has raised concerns over critical issues on the 2022 proposed budget. BudgIT raised concerns over the complete omission of the Niger Delta Development…
Uthman Salami & News Agency Not less than 25 people, including some minors, were killed in an explosion and fire at an illegal oil refinery in Nigeria’s Rivers state last week. This was according to a resident who confided in…
Oil climbed $85 a barrel after Saudi Arabia said that the Organization of Petroleum Exporting Countries, OPEC+ alliance should maintain its cautious approach to managing global crude supplies given the threat to demand still posed by the pandemic. Global benchmark…
By Uthman Salami The Group Managing Director and Chief Executive Officer, GMD/CEO of the Nigerian National Petroleum Corporation, NNPC Ltd, Mallam Mele Kyari, has warned developing nations the need for them to develop at their own pace. Mallam Kyari further…
By Uthman Salami Oil giant Shell is moving toward contravening a Court order to reduce emission by 45 per cent by 2030 as new report shows the company likely increasing emissions by 4.4 per cent same period. A new research…
The Saudi Energy Ministry, Prince Abdulaziz Bin Salman has said even if OPEC+ were to boost oil supply to the market, as major consuming nations have called for, it wouldn’t have much difference on the global natural gas market. Earlier…
Oil prices had a rebound later on Wednesday after dropping earlier in the day after the Energy Information Administration (EIA) reported a surprise crude oil draw. Brent crude was up by 0.76% to trade at $85.73 per barrel, the WTI was up…
The Federal Government announced the inauguration of a new governing board for the Nigerian Upstream Regulatory Commission (NURC) and Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), which would oversee the regulatory implementation of the PIA and Nigeria’s oil industry.…
The Federal Government is to retain the about 1,500 employees of the defunct Department of Petroleum Resources, Petroleum Products Pricing Regulatory Agency and Petroleum Equalisation Fund. Minister of State for Petroleum Resources, Chief Timipre Sylva, said on Wednesday that no…
A member country of the Organization of Petroleum Community (OPEC) has predicted that oil prices could hit $100 a barrel during the first half of 2022 amid low global commercial stocks. Iraq’s Oil Minister Ihsan Abdul Jabbar Ismaael made this revelation on…
