Dangote Confirms Oil Mafias Stronger Than Drug Mafias
Cartels, commonly referred to as 'Mafias,' are more dominant, stronger in the oil sector than in the drug business network, billionaire businessman Aliko Dangote...
Fire Guts Dangote Refinery in Lagos
Dangote Refinery Guts Fire, Casualty Unknown
Nigeria's giant crude refining company, Dangote Refinery reportedly guts fire in the afternoon of Wednesday 26th of June.
The refinery,...
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Nigeria, China Sign $1.2B Gas Processing Plant Deal
By Adedayo Osho
Nigerian investment firm, BFI Group has entered into a $1.2 billion deal with China National Chemical Engineering Company, otherwise known as CNCEC,...
Top 10 Companies Shaping Oil and Gas Industry
By Adedayo Osho
Virtually all the multinational companies listed in this article maintain presence in at least one country of each continent across the globe.
In...
China Speeds Up Grid Projects to Keep Up with Renewables Boom
China is ramping up investments in grid infrastructure to keep pace with a record-setting boom in renewables that has put the electricity network under...
TotalEnergies, Staatsolie Move Towards FID for Suriname Block
TotalEnergies and Staatsolie Maatschappij Suriname N.V, the Suriname national oil company, said they have taken “several significant steps” towards a final investment decision (FID)...
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...
Modular refineries set sights on US crude to fill supply gap
Modular refineries in Nigeria are seeking a consistent supply of crude oil from the United States to address a supply gap, according to BusinessDay...
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...
Russian Oil Finds New Site for Controversial Cargo Switching
Under pressure from Greece’s navy, traders of Russian oil have found a new place to switch cargoes of crude in the Mediterranean sea, a...
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