Energy

Oil giant Saudi Aramco on Wednesday surpassed Apple as the world’s most valuable firm. Aramco’s market valuation was just under $2.43 trillion on Wednesday, according...

Ossiomo Power Company has reported a forceful shut down of its gas facility by the Nigeria Gas Marketing Company (NGMC), a subsidiary of the...

EU ambassadors have so far failed to reach an agreement on a new package of sanctions against Russia, as Hungary continues to oppose a...

The Nigerian Electricity Regulatory Commission (NERC) on Thursday gave some Electricity Distributions approval to increase their tariff rates. The distributions include; Port Harcourt Electricity Distribution...

Seplat Energy has made a deposit of $128.3 million to Exxon Mobil Corporation, Delaware as part of the consideration to acquire the entire share...

Oil prices rose on Tuesday, extending gains from the previous session, as the European Union firmed up plans to tighten sanctions on Russian crude...

Seplat Energy says the proposed acquisition of Mobil Producing Unlimited, Nigeria (MPNU) remains on track as necessary regulatory approvals are being anticipated. “We expect completion...

The longer Western sanctions isolate Russia and reduce energy supplies to European refiners. The higher energy prices will go. Even though Russian energy exports...

By Abdulwaheed Olayinka Adubi In an effort to actualise autogas policy, the Federal Government has collaborated with a private firm, Femadec Group, to commence the...

Four European Union (EU) countries have already made gas payments to Russia using Moscow’s new ruble-based mechanism, Bloomberg reported on Wednesday citing a source...