Russia overtakes Saudi Arabia as China’s top supplier, floods market with discounted crude oil
Russia emerged as the single largest crude oil supplier to China in January and February, overtaking Saudi Arabia which...
World News
OPEC’s global market share sets to jump to 50%, as US oil producers lament over shale’s post-Covid slow growth
Oredola Adeola Oil producers in the United States and industry expert have projected that the Organization of the...
EIB, EU mobilise N1.9trn to support renewable SMEs, other businesses in Africa, Caribbeans
Oredola Adeola The European Investment Bank (EIB) and the European Union (EU) have mobilised €4 billion (equivalent to N1.95 trillion)...
Nigerian Govt. revokes Roger Brown, Seplat CEO’s visa, residence, work permits over alleged racism
Oredola Adeola The Nigerian Government through the Federal Ministry of Interior, has revoked the work permit, Visa and residence permit...
Forcing Africa to abandon fossil fuel in hurry without addressing energy poverty will heighten horrors of migration through Mediterranean to Europe- APPO SG warns
Oredola Adeola African Petroleum Producers' Organisation, APPO, has warned that the push by climate activists and developed countries for...
Nigerian Agip offers BW offshore 3 months contract extension for Abo FPSO
Oredola Adeola Nigerian Agip Exploration Ltd, a subsidiary of ENI S.p.A. has handed out another short-term contract extension to BW...
2022 Offshore Mini-Bid round: Nigeria Govt. assures transparent, technology-driven exercise
... restates commitment to 40bn bpd crude oil, 600tcf gas reserves Oredola Adeola The Nigerian Government has assured international and...
China completes construction of world’s second biggest hydro plant
China has completed the construction of the second biggest hydropower plant in the the world with 1-gigawatt (GW) combined capacity....
OPEC oil production: Nigeria bounces back as African biggest oil producer in November, first time in six months, overtakes Angola, Algeria
Oredola Adeola Nigeria has bounced back by taking the lead as Africa’s ‘biggest’ oil producer, by increasing its crude oil...
Nigeria-Morocco gas pipeline: NNPC, ONHYM, sign MoU with Ghana, Gambia, three other West African countries
Oredola Adeola The Nigerian National Petroleum Company Limited (NNPCL) and Morocco’s National Office of Hydrocarbons and Mines (ONHYM) have signed...
