Oil & Gas
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What the Global Oil Crisis Means for Africa
The cost of fuel has risen sharply, with Brent crude oil hitting a 14-year high in recent weeks Energy experts…
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Crude Oil Price on the Rise; Crosses Over $100
Brent oil price passed US$100/bbl for the first time since 2014 as a worsening of the Russian-Ukraine crisis continues to…
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NNPC Reassures Nigerians on Fuel Supply
Promises Remedial Action on Defaulting Importers The Nigerian National Petroleum Company (NNPC) Limited has reassured Nigerians of its capacity to…
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Optimism Over Iran Nuclear Deal Drags Oil Prices Down
Whilst last week’s market narrative was overwhelmingly driven by the current tightness in both crude and products markets, the return…
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Trinity Spirit FPSO With 22,000 barrels of Oil Explodes, Sinks In Delta
A Floating Production, Storage and Offloading (FPSO) vessel with a capacity to process up to 22,000 barrels of oil per…
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FG pays fuel transporters N22.7bn bridging claims
The Federal Government has paid bridging claims amounting to N22.7bn to transporters of petroleum products, the Nigerian Midstream and Downstream…
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Oil Prices Jump as OPEC Agrees to Stick Planned Output
Oil prices jumped Wednesday as the Organisation of Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, agreed…
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Senate Commends NNPC for Engendering Competitiveness
…Pledges Support for Frontier Exploration The Senate Committee on Petroleum Resources (Upstream) has commended the Nigerian National Petroleum Company Limited…
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Non-oil Revenue Collection in October 2021 Declines By 13%
Total non-oil revenue saw a m/m decline of -13% m/m to NGN474bn in October ’21 and was -9% lower than…
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Oil Prices inch Up to US$100 a Barrel, Hit US$87
The combination of existing imbalances and the recent expected disruption is looking to tighten the market further, steadily pushing oil…
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