FG’s subsidy payment rises 10 times faster than oil prices

Oil surges above $30 amid cautious easing of lockdowns

Osa Victor Obayagbona May 05, 2020

Brent oil hits $30 a barrel for first time since Apr 15

PPPRA delays petrol price update for May amid multiple exchange rates

Nigeria’s NLNG Train-7 faces further delays as global demand falls

Texas light sweet oil Hits $11, lowest in 21 Years as Storage Runs Out

Oil rallies near $28 as Global Stocks Gain in nervous trading

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Energy

Global Oil Demand Begins Long, Painful and Uncertain Recovery But No Cheer Yet For Nigeria

Anthony Nlebem May 04, 2020

Few have a better watchtower over oil demand dynamics like Joe Gorder, chief executive officer of major U.S. refiner Valero...

Andrew Laven, COO Sahara Energy Resources DMCC, Dubai

Sahara Energy urges joint effort to strengthen resilience in global energy market

Oladehinde Oladipo May 03, 2020

Stakeholders in the global energy market need to work more collaboratively to strengthen market’s resilience in the face of the...

Rivers to review permit to oil companies as positive case emerges in oil workers

Ignatius Chukwu May 01, 2020

Governor Nyesom Wike of Rivers State may withdraw the permission granted oil workers to enter the state, saying it was...

Revaluation of assets drags Seplat into $106.6m after-tax loss in Q1

Oladehinde Oladipo Apr 30, 2020

Revaluation of assets as a result of the economic impact of coronavirus has dragged Seplat Petroleum Development Company plc, Nigeria’s...

COVID19 : EKO Disco suspends aggressive disconnection of customers for now

Olusola Bello Apr 30, 2020

Eko Electricity Distribution Company has said that it would continue to support the wellbeing of its customers, stating that there...

Even at $10 a Barrel, Oil Traders Still Are Not Buying Nigeria’s Crude

Lucky Nwanekwu Apr 28, 2020

The oil price crash is getting worse for Nigeria. Late on Monday, Nigeria released the prices for most of its...

Energy sector non-profit NNRC, proposes reforms to tackle Covid-19 shocks

Isaac Anyaogu Apr 28, 2020

In the wake of the global coronavirus pandemic and the fall in oil demand hemorrhaging economies of oil producing countries...

Eni takes Nigeria to Arbitration Court over OPL 245

Oil major Eni performance shows what to expect from local producers

Oladehinde Oladipo Apr 28, 2020

Italian Oil Major Eni, reported a 94percent drop- in first- quarter profit and cut its production forecast giving a clue...

Nigeria’s modular refiners seen gathering steam post COVID-19

Stephen Onyekwelu Apr 28, 2020

Nigeria faces an imminent recession thanks to the impact of crashing oil prices and the Coronavirus pandemic but modular refining...

Four things Nigeria’s oil, gas companies can do to manage COVID-19 crisis

Stephen Onyekwelu Apr 28, 2020

Crude oil has become a basic commodity to the whole world exposing it shifts in global movements, such that local...

ExxonMobil announces Inoyo's retirement as vice chairman

Aniefiok Udonquak Apr 28, 2020

ExxonMobil has announced the retirement of Udom Inoyo as its Vice Chairman & Management External Advisor, Upstream Nigeria with effect...

FCT discharges 12 additional Covid-19 patients

NLNG, other oil producers contribute $30m to support COVID-19 fight

Isaac Anyaogu Apr 28, 2020

The Nigeria LNG Limited (NLNG) has restated its support for the fight against the Coronavirus (COVID-19) pandemic and contributed over US$30 million in financial support along with other oil producers to the Federal Government through the Oil and Gas Industry Collaborative initiative spearheaded by the Nigerian National Petroleum Corporation (NNPC) to fight the virus....

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