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CATEGORY

Energy

Full List: 11 Newly Licensed Independent Electricity Distribution Network Operators

The Federal Government has announced that it had issued licenses to 17 Independent Electricity Distribution Network operators, among which 11 are currently operational. This was disclosed...

India, Saudi Arabia Sign MoU On Green Hydrogen

India and Saudi Arabia have signed a Memorandum of Understanding (MoU) in electrical interconnections, green/clean hydrogen and supply chains. While regular B2B meetings will...

Oil Prices Soar After Hamas Attacks Israel

Crude oil prices jumped by more than $4 earlier today amid continued fighting between Hamas and Israel that began on Saturday. Brent crude was trading...

Russia becomes India’s Number One Supplier of Light-end Oil Product

Sellers of Russian naphtha shipped around 770,000 tons of the light-end oil product to India in the period January to September, compared to only...

Biden To Slash U.S Offshore Oil, Gas Leasing

U.S President Joe Biden has once again reduced oil and gas leasing after focusing on ramping up production from exciting oilfields in the last...

Russia Lifts Ban On Seaborne Diesel Exports

Russia lifted on Friday the ban on most of its diesel exports, two weeks after announcing export restrictions on diesel and gasoline to curb...

NNPCL Denies Plan To Increase Petrol Price

The Nigerian National Petroleum Company (NNPC) Limited has refuted claims that it plans to increase its pump prices for Premium Motor Spirit, commonly referred...

Canada To Add 600,000 Bpd To Oil Supply By 2024

Global consulting firm Deloitte has predicted that Canadian oil producers will enjoy higher crude prices by 2024 when the TMX pipeline begins transporting about...

Oil Prices Edge Higher After Biggest Yearly Drop 

Oil prices inched up in early trade on Thursday, clawing back some of the previous session's big losses after an OPEC+ panel maintained oil...

Qatar Breaks Ground On Record-Breaking LNG Project

The Emir of Qatar has laid the foundation stone for the world’s largest LNG project, the North Field expansion project, which will boost Qatar’s...

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