Dangote Refinery purchases fresh 5m barrels of US crude oil
Latest report from Bloomberg published on July 11, 2024, confirms the local refining company, Dangote Refinery has initiated a tender process intending to buy a further...
USA Crude Oil Stocks Rise WoW
U.S. commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve (SPR), increased by 1.2 million barrels from the week ending May 24...
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Federal Fire Service Condole with Victims of Jigawa Oil Tanker Fire Incident
By Adedayo Osho
Jaji Abdulganiyu, the Controller General (CG) of the Federal Fire Service (FFS), has expressed heartfelt displeasure over the tragic petrol tanker fire...
Sinopec secures $1.1bn gas pipeline contract from Aramco
Sinopec Oilfield Service, a unit of Chinese oil company Sinopec, has received a 7.95bn yuan ($1.1bn) contract with Saudi Aramco to construct natural gas pipelines...
Nigeria loses N149bn to one-day oil workers strike
Nigeria may have lost about N148.8bn in oil revenue on Monday as a result of the industrial action embarked upon by the Organised Labour...
NNPC Issues Fresh Completion Date for OB3 Gas Pipeline
Adedayo Osho
Latest assurance by Mele Kyari, the Group CEO of Nigeria's national oil company, NNPC, set the completion date for the Obiafu-Obrikom-Oben, otherwise known...
Shell Nigeria Appoints New Managing Director, Resumes on Independence Day
By Adedayo Osho
A new Managing Director has been named by Shell for its Deep-water Subsidiary in Nigeria, the Shell Nigeria Exploration and Production Company...
RESCUE PLAN IN THE OIL AND GAS SECTOR
Undeniably, the oil and gas industry holds the key, at least in the short term, to Nigeria’s prosperity. The imperative to get Nigeria’s natural,...
Emerging Oil Giant, Orca Energy Files $1.2 Billion Suit Against Tanzania
By Mutayoba Arbogast
A Toronto-listed company based in the British Virgin Islands, has ignited a major legal battle by filing a staggering $1.2 billion lawsuit...
Oando’s bid to get Eni’s $500 million Nigeria asset approved
Eni has received formal consent from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) for the sale of a Nigerian subsidiary to Oando PLC.
Sale of...
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