Saudi Aramco’s profits slide nearly 45% after lower oil demand
The oil giant Saudi Aramco has announced that its profits fell sharply last year as lockdowns around the world curbed
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Oil and Gas
Report says Rising Oil Prices may Derail Nigeria’s Economic Reforms
The Financial Derivatives Company (FDC) has warned that the rising crude oil prices, which could go above $100 per barrel,
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Fmr. Nigeria VP Atiku says $1.5bn for Rehabilitation of Port Harcourt Refinery Prohibitive
Former Vice President Atiku Abubakar has faulted the $1.5 billion vote by the federal government to rehabilitate the Port Harcourt
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Italian Court Frees Shell, Eni in $1.3bn Nigerian Oilfield Corruption Case
A Milan court on Wednesday acquitted energy companies, Eni and Royal Dutch Shell, along with some of their past and
Read MoreFEC approves $1.5bn for Rehabilitation of Port Harcourt Refinery
Nigeria’s Federal Executive Council (FEC) has approved $1.5 billion for the rehabilitation of the Port Harcourt refinery as proposed by the Ministry
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KARMOL’s first FSRU starts the journey to Senegal
The Floating Storage Regasification Unit (FSRU), called KARMOL LNGT Powership Africa, was delivered on 15 March by Sembcorp Marine in Singapore.
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Senator Omo-Agege says Nigeria loses $235 billion to non-passage of PIB
Deputy President of the Senate, Senator Ovie Omo-Agege, has disclosed that Nigeria has lost $235 million due to the long
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Minister Apologises Over Fuel Price Hike Misinformation; PPPRA says retracted publication showed market trend, not price increase
The Minister of State for Petroleum, Timipre Sylva, has apologised to Nigerians for the distress and inconvenience caused by ‘unfortunate
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Shell charters 10 LNG-fueled VLCCs
The Hague-based Shell signed agreements to charter ten new crude tankers powered by dual-fuel liquefied natural gas (LNG) engines. Four
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New NDDC Complex: ‘We will remember you in history positively,’ Akpabio hails Buhari
Minister of Niger Delta Affairs, Senator Godswill Akpabio on Thursday hailed President Muhammadu Buhari for his contribution to the successful
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