The Organization of Petroleum Exporting Countries, OPEC + compliance with oil cuts fell slightly to 115 per cent in September, sources said, indicating that as the alliance raises production targets, some members are still falling short as they face challenges…
The Vice President, Professor Yemi Osinbajo has faulted calls and insistence of Development Finance Investment as well as other countries over defunding of gas project. The Vice President said, “We are concerned, amongst other things, first about some of what…
The Asset Management Corporation of Nigeria (AMCON) has appointed itself as receiver/manager over all assets of the Integrated Energy Distribution and Marketing Limited, core investor in Ibadan Electricity Distribution Company (IBEDC). This was confirmed in a public notice, which was…
For the second time this week, Oil prices surge yesterday, gathering momentum from its earlier downward trend. This new trend is caused by falling temperatures in China, the world’s biggest energy consumer as spike concerns about its ability to meet…
The Chief Executive Officer (CEO) of Nigerian Midstream and Downstream Petroleum Regulatory Authority (NPRA), Farouk Ahmed has attributed the rising cost of Liquified Petroleum Gas (LPG), commonly known as cooking gas to poor investment into the gas sector over the…
A fresh devastating oil spill has been reported at a facility operated by the Nigerian Agip Oil Company (NAOC) around Ogboinbiri in the Southern Ijaw Local Government Area of Bayelsa State. The oil leakage, which occurred on October 17 at…
The Nigerian Content Development and Monitoring Board (NCDMB), over the weekend commissioned an Information and Communication Technology Centre at Government Science and Technical College, Okaka, Yenagoa, Bayalsa State. The donation is in furtherance of the Board’s goal of promoting the…
The OPEC Secretariat, the Energy Charter Secretariat (ECS) and the OPEC Fund for International Development jointly hosted the third annual legal workshop via videoconference. The workshop constitutes an important part of OPEC’s outreach programme, through which the Organization strives to…
By Bankole Taiwo The news broke last week Tuesday of how a 35-yr-old man, Abidemi Oluwaseun reportedly stormed Baptist Girls College, Idi Aba, Abeokuta with two hired thugs armed with cutlass to deal decisive blow to one of the teachers…
Oil prices hit their highest level in years yesterday as demand recovers from the COVID-19 pandemic, boosted by more custom from power generators turning away from expensive gas and coal to fuel oil and diesel. Consequently. Brent crude oil futures…
