CATEGORY
Energy
Russian Fossil Fuel Revenues Double Despite Western Sanctions
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The longer Western sanctions isolate Russia and reduce energy supplies to European refiners. The higher energy prices will go. Even though Russian energy exports...
FG Collaborates With Private Coy To Deploy Gas-Powered Mass Buses May 2022
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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 EU Buyers Make Gas Payments to Russia in Rubles
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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...
Russia to Suspend Gas Supplies to Poland
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Russia will stop sending gas to Poland from Wednesday, the Polish state gas company PGNiG has said.
PGNiG said Russian energy firm Gazprom had told...
Crude Oil Theft: Navy Makes Arrests, Seizes N3bn Worth of Illegal Products
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The Nigerian Navy has said its personnel, during the exercise code-named operation Dakatar Barawo, seized over 6 million litres of crude oil products worth N3...
Polaris Bank Kicks Off a Nationwide Sensitization Roadshow for Non-oil Exporters
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To realise Nigeria’s quest to earn the needed foreign exchange; diversify its economy and make locally-produced goods competitive, globally, Polaris Bank has commenced a...
Britons Told to Get Ready for a ‘Truly Horrific’ Winter As Gas Prices Surge
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As many as four in 10 people in Britain could fall into fuel poverty when the gas price cap rises again in October, the...
Oil India Cyber Attack : Russian Malware Planted from Nigeria
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The cyber-attack of Ransom that occurred on public sector oil company, Oil India was carried by a Russian malware planted from a server in...
Cnooc, Sinopec, CNPC in Talks for Shell’s Russian Gas Stake
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Cnooc, CNPC and Sinopec Group are in talks with Shell Plc to buy its stake in a major Russian gas export project, Bloomberg is reporting citing people...
Crude Could Surge to $185 a Barrel If EU Bans Russian Crude – JPMorgan
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The price of oil could soar if the European Union (EU) abruptly bans Russian crude from its energy markets, JPMorgan said on Tuesday in...