8.3 C
New York
Saturday, December 5, 2020
No menu items!
Home OIL AND GAS

OIL AND GAS

Price discounts, market share battle stall sale of Nigerian crude

…More than 50 million barrels remain unsold…Nigerian crude values will have to fall sharply to compete with rivals…NNPC looking to lower production...

Oil crash: Fuel price dips further to N112.26 per litre

…FG raking in N1.31bn profit daily The persistent decline in the price of crude oil in the international market...

NUPENG seeks speedy passage of bill to criminalise casualisation

…Wants sanctions on employers defying unionisation The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), has called for...

Oil price slump may lead to devaluation of Naira

The Central Bank of Nigeria (CBN) will be unable to maintain the naira’s value for much longer as a slump in oil...

Shell reports 41% rise in onshore Nigeria oil spills

Royal Dutch Shell’s onshore Nigeria subsidiary saw a 41 per cent rise in the number of crude oil spills due to theft...

Curbing downstream accidents with training, certification

Rampant cases of incidents in the downstream sector of oil and gas industry has become a source of concern to the Federal...

Dangote proposes solution to gas-flaring in Nigeria

Dangote Industries Limited on Sunday promised that its ongoing subsea gas pipeline project would on completion, cut the amount of flared gas...

Oil’s historic tumble illustrated in charts

The sudden plunge in oil prices to near $30 a barrel takes the market back to early 2016 when rising U.S. shale...

Enhanced Capacity: Nigeria leads Africa’s refining revolution

...Faces stiff competition from West African neighbours The resuscitation of Nigeria's under-performing refineries is a Key Performance Indicator...

Exxon, Shell seek enforcement of arbitration award against NNPC

Oil majors including Exxon Mobil Corp. and Royal Dutch Shell Plc are facing uphill battles to convince U.S. courts to enforce multi-billion...

“Domestic LPG consumption hit 90,000mt in January”- PPPRA

Latest figures from the Petroleum Products Pricing Regulatory Agency (PPPRA), indicate that the average domestic consumption Liquefied Petroleum Gas (LPG) popularly called...

OPEC plans massive oil cut in crunch talks with Russia

…OPEC delivered surprise with bigger-than-expected cut plan…Oil prices have plunged 20% this year, now trading below $50 OPEC...
- Advertisment -

Most Read

Nigeria launches CNG as alternative transport fuel

The Federal Government of Nigeria has started the implementation of its autogas policy deploying compressed natural gas (CNG) and liquefied petroleum gas...

FG to roll out auto-gas scheme for cars in December

President Muhammadu Buhari will on December 1 roll out the auto-gas scheme in Abuja as the Federal Government moves to create alternative...

Oil prices down 1% as OPEC+ debates 2021 output policy

Oil fell about 1 per cent on Monday on uncertainty about whether OPEC+ would agree to extend its deep output cuts at...

NIMASA launches e-Library to bridge industry knowledge gap

As Nigeria moves towards greater role for maritime in the national economy, Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA),...