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Friday, July 1, 2022
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CATEGORY

Energy

Crude oil Prices Rise after Big US Inventory Drawdown

Oil prices rose on Wednesday after a sharp drop in US crude inventories, with the market waiting for OPEC and its allies to decide...

Oil Prices Hit 4-month high on Rising U.S. Crude Imports

Oil futures gained on Wednesday, lifting prices to their highest finish since March, as a rise in U.S. crude imports and a weekly fall...

Berkshire Hathaway in $9.7bn Deal to Acquire Dominion Energy’s Gas Transmission, Storage Business

Berkshire Hathaway Energy, a subsidiary of Warren Buffett’s Berkshire Hathaway Inc., yesterday announced it has executed a definitive agreement to acquire Dominion Energy’s natural...

NNPC Announces Top-Management Level Appointments, Redeployments

The Nigerian National Petroleum Corporation (NNPC) has announced new appointments and redeployments in the National Oil Company, as part of ongoing efforts to strengthen...

Mozambique LNG to Steal NLNG Market as Japan Invests $14bn

The Japanese government and business sector will join hands on a joint financing deal totaling 1.5 trillion yen ($14.4 billion) for the development of...

Oil to Return to Pre-pandemic Levels by 2022 – Goldman

Analysts at Goldman Sachs expect global oil demand to return to pre-pandemic levels by 2022, citing a pick-up in commuting, a shift to private...

Nigerian Petrol Prices are 7th Cheapest in the World

Nigerian Petrol prices are some of the cheapest in the world, a reflection of the petrol subsidy regime in place as well as the...

Chesapeake Energy, U.S. shale Pioneer Files for Bankruptcy

Chesapeake Energy, a pioneer of the U.S. shale revolution, filed for bankruptcy protection on Sunday. The move comes as the company and industry more broadly...

What Dangote Refinery Can Learn from Mistakes made by NNPC Refineries

As Dangote’s 650,000 barrel a day refinery starts production next year, these are mistakes that must be avoided to avert the precarious situation the...

Senate Commends Transcorp, Geregu Power for Meeting Performance Targets

The Senate Committee on Power, at the just-concluded three-day investigative hearing on the power sector recovery plan, submitted that only two of the six...

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