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Thursday, May 26, 2022
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CATEGORY

Energy

NNPC 2018 Financial Statements Show Refineries a Major Drag on results

In a move considered unprecedented in the annals of the Oil and Gas Industry in the Country, the Nigerian National Petroleum Corporation (NNPC) has made public...

IOCs Expected to Complete These Nigeria Divestment Transactions in 2020

International Oil Companies (IOCs) operating in Nigeria are expected to forge ahead with the completion of a number of large transactions in 2020. Analysts say...

Goldman sees Brent at $35 as Investors Worry about Gulf Oversupply

Crude oil futures fell Tuesday amid worries about compliance with a newly-extended OPEC+ pact to cut production by nearly 10 million barrels, as Goldman...

OPEC+ Extends Oil Cuts in Boost For Nigeria

OPEC+ agreed to a one-month extension of its record output cuts and adopted a stricter approach to ensuring members don’t break their production pledges. The...

OPEC Daily Basket Price at $34.95 as Markets Eye Cuts Extension

The price of OPEC basket of thirteen crudes stood at $34.95 a barrel on Tuesday, compared with $33.68 the previous day, according to OPEC...

Brent Crude climbs above $40 for first time in 3 – months

Brent crude climbed back above $40 for the first time in almost three months on optimism crude producers would extend output cuts. Brent, the international...

DPR commences 2020 Marginal Field Bid Round Exercise

The Department of Petroleum Resources (DPR), has announced the commencement of the 2020 Marginal field Bid Round exercise, on behalf of the Federal Government...

PPPRA pegs PMS price at N121.50-N123.50 per litre for June

The Petroleum Products Pricing Regulatory Agency (PPPRA) has announced Guiding pump price of Premium Motor Spirit (PMS) from N121. 50 to N123.50 per liter...

Ex-NNPC GMD Maikanti Baru is dead

Maikanti Baru, the former group managing director of the NNPC, is dead. Baru died late Friday night in yet undisclosed location and of undisclosed ailments....

NNPC 1bn scf gas pipeline set to cross River Niger by August

An NNPC pipeline being constructed from the gas rich Eastern Nigeria to the West and North of the country with the potential to deliver...

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