Nigeria’s oil production hits 1.35m bpd, highest in 8 months
Nigeria’s oil production rose to an 8-month high of 1.35 million barrels per day helping to push OPEC production to 150,000 barrels daily according to a Bloomberg survey.
Total…
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Oil
From restaurants to schools: How rising diesel price hurts Nigerians
At a filling station near the Orile Police Division, Lagos, Aliu Ibrahim, a truck driver, who has watched diesel pump prices rise from N600 to N800 in the last couple of weeks, said he could…
Oil at $120, opens week with rise in Asia
Oil has risen to near $120 a barrel Monday as China eased its anti-virus lockdowns and the EU worked on a plan to ban imports of Russian crude.
The international benchmark crude grade…
Saudi Aramco pays $18.8bn dividends in Q2 as NNPC struggles with remittance
Unlike its Nigerian counterpart bogged down by subsidies, and inefficient operation, Saudi Aramco has announced plans to reward shareholders with $18.8bn in the second quarter of 2022,…
Innoson Oil & Gas moves to discover 8tcf gas in Sierra Leone
With estimated recoverable resources of 8.2 trillion cubic feet (TCF) and 234 million barrels of gas and condensate respectively, Ryder Scott Company has confirmed Innoson Oil & Gas…