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Energy
BofA: Brent Could Push Past $150/bbl If Russian Oil Exports Shrink
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Global oil benchmark Brent crude could rise past $150 a barrel (bbl) if there is a sharp contraction in Russian oil exports, Bank of...
UK Rolls Out 25% Windfall Tax on Energy Profits
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The UK has introduced a 25% windfall tax on energy producers’ profits, which will fund support grants for residents who are unable to pay...
Oil Theft: Nigeria’s Oil Production Falls to Six-Year Low of 1.49mbpd in Q1
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Nigeria’s oil production fell to a six-year low of 1.49 million barrels per day (mbpd) in the first quarter of 2022, as record levels...
Energy Shock Shows Need for Fossil Fuels, Saudi Aramco CEO Says
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The energy shock has shown the need to overhaul green energy transition plans and maintain investment in oil and gas production, Saudi Aramco’s chief...
Heirs Oil & Gas (HHOG) Reiterates Commitment to Global ESG Best PracticesÂ
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Doubles gas production capacity of OML 17 while upholding ESG commitments
 Heirs Oil & Gas, Africa’s integrated energy company has reaffirmed its commitment to both national and...
NNPC, Sahara Group Invests USD300m in Gas Carriers to Drive Clean Energy Access in Africa
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The Nigerian National Petroleum Company Limited (NNPC) and energy infrastructure conglomerate, Sahara Group today took delivery of two 23,000 CBM Liquefied Petroleum Gas (LPG)...
Germany, Italy Agree to Pay for Russian Gas in Rubles
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Germany and Italy have allowed national companies to open ruble accounts in Russia’s Gazprombank to comply with the new natural gas payment scheme and...
Seplat Energy to Further Engage with Stakeholders on MPNU Deal Â
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In response to an article published in This Day newspaper, stating that the Federal Government of Nigeria has declined consent to the acquisition of...
Heirs Oil & Gas’ OML 17 Wins PFI Africa Deal of The Year
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Heirs Oil & Gas (HHOG), Africa’s integrated energy company has been awarded the ‘Africa deal of the year 2021’by Project Finance International (PFI), following the...
EU States Fail to Agree on Russian Oil Embargo
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European Union member states have failed to agree on proposals to ban Russian oil imports, after more than 10 days of talks, with Hungary...