Energy

A consortium led by Transcorp Power Limited has acquired a 60 percent stake in Abuja Electricity Distribution Company (AEDC). Following the acquisition, Christopher Ezeafulukwe has...

The Nigerian National Petroleum Corporation (NNPC) Limited has secured a $3 billion crude repayment loan rom African Export-Import Bank (AFREXIM) Bank to support the naira...

President Bola Tinubu has assured Nigerians that there will be no further increase in the pump price of petrol. President Tinubu assured that all loopholes...

Russia took control of the oil sector of the semi-autonomous region of Kurdistan (KRI) in northern Iraq in 2017 for four key reasons, as...

Seplat Energy on Tuesday announced that one person died and three others were missing as its drilling rig collapsed in Delta State. The unfortunate incident...

Following outrage from Nigerians and increasing cost of living, President Bola Tinubu is considering to re-introduce petrol subsidy as crude oil prices and foreign...

Oil prices fall on Monday morning as China’s economic recovery continues to disappoint while the U.S. dollar strengthens. Even with the slide, however, benchmarks remain...

The Central Bank of Nigeria (CBN) spent over N2.7 trillion between 2015 and 2022 to subsidise power supply to Nigerians through the Nigerian Electricity...

Global oil demand has surged to a record amid robust consumption in China and elsewhere, threatening to push prices higher, the International Energy Agency said. World fuel...

The latest earnings season saw several shale oil majors revise their output projections for the year. Surprisingly, they revised these projections upward. The revisions were...