Oil & Gas - Page 50

Saudi Arabia, Russia Extend Oil Production Cuts Till End Of 2023, Pledge to Review

Business·Latest News·Oil & Gas·World News

Saudi Arabia, Russia Extend Oil Production Cuts By 2 Months

In a joint effort to maintain global oil market stability, Saudi Arabia and Russia have announced their commitment to continue voluntary production cuts through December 2023. Saudi Arabia will reduce its output

Emmanuel Ochayi

1 year ago

Why No Plan To Withdraw Dormant Refining Licences – Nigerian Govt

Business·Latest News·Oil & Gas

Nigerian Govt To Hold NNPC Accountable For Refinery Rehabilitation By 2024- Lokpobiri

Nigeria’s Minister of State for Petroleum Resources, Heineken Lokpobiri, has voiced the Federal government’s commitment to holding the Nigerian National Petroleum Company Limited (NNPC) accountable for the rehabilitation of the nation’s refineries,

Emmanuel Ochayi

1 year ago

N10 Trillion Spent On Refineries, But They Refuse To Work, Says Taiwo Oyedele

Business·Oil & Gas

NUPRC Wades Into Reason For Delayed Take-off Of Dangote Refinery, 5 Others

Nigeria’s failure to make crude oil available to the multi-billion dollar Dangote Refinery has been identified as reason for the delayed production of refined petroleum products at the facility. This came to

Victor Ezejaand

Admin

1 year ago

Business·Oil & Gas

African Oil Producers Gather In Abuja To Define Industry Future

In light of the impending energy transition and the diminishing financial support for the hydrocarbon sector, eighteen member nations of the African Petroleum Producers Organization (APPO) are gathering for the third Africa

Admin

1 year ago

NCDMB Boss Warns Against Altering Petroleum Industry Act

The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote has advised that making unending changes to the structures set up by Petroleum Industry Act 2021

Admin

1 year ago

Marketers Assure Petrol Price Drop, Zero Scarcity During Yuletide

Business·Latest News·Oil & Gas

Fuel Scarcity Looms As Forex Crisis Causes 90% Depot Shutdown

Players in the downstream sector of Nigeria’s oil industry have lamented that 90 per cent of depots operated by independent oil marketers are currently closed owing to the volatility in the foreign

Victor Ezejaand

Admin

1 year ago

Lagos, Anambra, Enugu Residents Lament Petrol Scarcity, Price Hike

Business·Oil & Gas

How Forex Scarcity Hinders Marketers From Importing Petrol – NMPDRA

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has disclosed that the challenge of Forex illiquidity was the reason behind the decline in the number of approved importers bringing petrol cargoes

Victor Ezeja

1 year ago

Nigerian Oil Industry On Steady Growth Trend Despite IOCs Investment Decline - Wabote

Business·Latest News·Oil & Gas

Nigerian Oil Industry On Steady Growth Despite IOC’s Investment Decline – Wabote

The Nigerian oil and gas industry is growing steadily across several fronts despite reduced investments due to the global quest for cleaner energy and divestments of some onshore and shallow assets by

Admin

1 year ago

Nigeria’s Oil Production Declines By 33,000 Barrels As OPEC Reports Setback In September

Business·Oil & Gas

OPEC Canvasses $14trn Investment To Meet Soaring Global Oil Demand

OPEC Secretary General, Haitham Al Ghais, has made an urgent call for a $14 trillion investment between 2023 and 2045 in a plea to address the escalating global thirst for oil and

Emmanuel Ochayi

1 year ago

Business·Latest News·Oil & Gas

Petrol Price Jumped To N626.21 In September – NBS

NBS) on Saturday disclosed that the average retail price of a litre of premium motor spirit (otherwise called petrol) increased from N191.65 in September 2022 to N626.21 in September 2023.

Emmanuel Ochayi

1 year ago

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Oil & Gas - Page 50

Saudi Arabia, Russia Extend Oil Production Cuts By 2 Months

Nigerian Govt To Hold NNPC Accountable For Refinery Rehabilitation By 2024- Lokpobiri

NUPRC Wades Into Reason For Delayed Take-off Of Dangote Refinery, 5 Others

African Oil Producers Gather In Abuja To Define Industry Future

NCDMB Boss Warns Against Altering Petroleum Industry Act

Fuel Scarcity Looms As Forex Crisis Causes 90% Depot Shutdown

How Forex Scarcity Hinders Marketers From Importing Petrol – NMPDRA

Nigerian Oil Industry On Steady Growth Despite IOC’s Investment Decline – Wabote

OPEC Canvasses $14trn Investment To Meet Soaring Global Oil Demand

Petrol Price Jumped To N626.21 In September – NBS

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