Olusola Bello

Austin Avuru, chief executive officer of Seplat Petroleum Development Company Plc, has said they expect a new normal of very low oil prices, somewhere between $40 to $50 per barrel. We will…

The International Energy Agency on Monday shocked stakeholders in oil and gas industry that global oil consumption has yet to peak amidst concerns that the devastating effect of COVID 19…

Rivers State is set to start testing for COVID-19 in Port Harcourt with the receipt of the state’s first set of testing equipment from the Shell Petroleum Development Company (SPDC) among…

The Nigerian Content Development and Monitoring Board ( NCDMB) has launched Brentplus, a series of initiatives that will stimulate innovations in the oil and gas industry and ancillary…

World renowned oilfield servicing (OFS) companies that have huge presence in Nigeria are some of the worse hit by Covid 19 pandemic as their capital base have been seriously eroded. Some…

A crisis is brewing in the power sector as the two unions in the industry have taken sides over the removal of the managing director of the Transmission Company of Nigeria (TCN), Usman Gur…

Worries over the economic fallout from the coronavirus pandemic capped gains in the price of crude oil prices. Oil prices held steady on Wednesday despite signs of improving demand and a…

U.N. Secretary-General Antonio Guterres warned this Wednesday that the coronavirus pandemic threatens Africa’s progress and could push millions into extreme poverty. He also stated that…

While the shareholders of the Nigeria Liquefied Natural Gas Limited have almost concluded plans to put in place train 7 that will lift its total production capacity to about 30 million…

Oil prices rose slightly on Tuesday amid signs that producers are cutting output as promised just as demand picks up, stoked by more countries easing out of curbs imposed to counter the…