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CATEGORY

Energy

‘No Quick Fix’ For Energy Transition, Aramco CEO Says

Saudi Aramco Chief Executive Officer Amin Nasser said there are no quick fixes for the energy transition amid forecasts that oil usage will peak...

Cooking Gas 12.5kg Price May Hit N18,000 by December

Gas retailers have warned that the price of 12.5kg cooking gas may hit N18,000 by December if the Federal Government does not restrict the...

FAAC Queries NNPCL Over Misapopration of $55m NLNG Dividend

The Federation Account Allocation Committee (FAAC) has launched an investigation to find out what the Nigerian National Petroleum Corporation Limited (NNPCL) did with some...

Thousands Rally in New York Demanding End To Fossil Fuels

Thousands of protesters from 700 organisations and activist groups took part in Sunday’s rally, shouting that humanity’s future depended on ending fossil fuels and...

Dangote Refinery Diesel Output to Help Ease Global Crunch

The Dangote Petroleum Refinery and Petrochemicals (DPRP) plant, an integrated crude oil refinery and petrochemical plant, built in Lagos Nigeria, will help ease a...

OPEC Cuts Reignite Inflation Worries As Energy Prices Rise

Earlier this week, the International Energy Agency warned that oil markets were in a deficit that would deepen in the fourth quarter. The reason? Saudi...

NNPC Signs $7billion MoU With Indorama To Boost Gas Supply

The Nigerian National Petroleum Company (NNPC) Limited has signed a memorandum of understanding (MoU) with Indorama Eleme Petrochemicals Limited (IEPL) to boost natural gas...

Russia Raises Oil Export Duty on Back of Surging Prices

Russia will again raise an oil-export levy the country’s producers pay, bringing more money into its coffers as surging prices compensate for smaller shipments. The government...

Conoco Signs LNG Deal With Dutch Terminal

ConocoPhillips has inked a 15-year LNG supply deal with Netherlands-based Gate Terminal that would expand Conoco’s gas presence in Europe by 1l.5 million tons...

Oil Prices On Course For Third Consecutive Weekly Gains

Crude oil prices were set for a third week of increases today, lifted by the growing imbalance between demand and supply, and by China’s...

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