Business: Brent Crude Oil Advances Amidst Global Uncertainty
The Brent crude oil increased by 58 cents or 0. 76 percent to conclude the week at $76. 51 per barrel, rising from approximately $75 it was trading at around…
Chevron begins gas production at the Sanha Lean
US-based Chevron has begun natural gas production at its Sanha Lean Gas Connection project in shallow offshore Block 0.The project will supply gas from the Sanha Lean field to the…
Zungerua
Domestic refining, investment decisions paramount for Nigeria’s energy advancements in 2024 – Experts
Nigeria’s refining resurgence and the elimination of petrol subsidies achieved significant victories in Africa’s largest oil-producing nation this year; however, ongoing challenges such as lack of investment and sub-optimal oil…
PETROAN, Others Plan 50,000bpd Refinery
A new refinery with an initial capacity of 50,000 barrels per day is poised for launch by the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) and its associates.…
Savannah Energy promotes $45 million Nigerian gas infrastructure initiative
Savannah Energy is progressing its ambitious $45 million gas compression initiative at the Uquo Central Processing Facility (CPF), laying the groundwork for enhanced capacity and efficiency in 2025. In accordance…
NNPC dismisses unfounded assertions, verifies operational status of Port Harcourt refinery
The Nigerian National Petroleum Company Limited has affirmed that the refurbished Port Harcourt refinery remains operational. The state-controlled oil entity clarified that preparations for loading activities on Saturday were in…
OPEC Organization of the Petroleum Exporting Countries. Oil pump jack and oil barrels with OPEC flag. 3d illustration
Nigeria maintains its status as Africa’s foremost oil producer – OPEC
The Organisation of the Petroleum Exporting Countries (OPEC) has declared that Nigeria has upheld its status as the premier oil producer on the continent. According to OPEC’s recent monthly report…
FG has authorized our acquisition of SPDC, states Renaissance Africa
Renaissance Africa Energy Company Limited, a domestic oil and gas consortium, reports that it has obtained ministerial approval to acquire Shell Petroleum Development Company (SPDC). The organization revealed the news…
Nigeria: Port Harcourt Refinery Functioning Efficiently -Labour and Oil Personnel
The Nigeria Labour Congress, Trade Union Congress, Petroleum and Natural Gas Senior Staff Association of Nigeria, and Nigeria Union of Petroleum and Natural Gas Workers recently visited the refinery amidst…
ExxonMobil Targets 18% Enhancement in Oil and Gas Production by 2030
Exxon Mobil announced on Wednesday that its annual project expenditure is set to increase to between $28 billion and $33 billion from 2026 to 2030, with the objective of elevating…