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FG Offers 17 New Oil Blocks for Bidding

The Federal Government, on Tuesday, announced additional  17 deep offshore oil blocks to the 2024 Li...

June 19, 2024
Firms to Explore 20 GW Market Opportunity in Nigeria

Rocky Mountain Institute (RMI) and the Global Energy Alliance for People and Planet (GEAPP) have unv...

June 18, 2024
Oil Prices Fall on Weaker US Consumer Demand, China Data

Oil prices in Asian trading on Monday fell after a survey on Friday revealed weaker US consumer dema...

June 17, 2024
Oil Mafia: Modular Refinery Operators Seek Tinubu's Intervention On Dangote's concerns
June 17, 2024

Modular refineries On Sunday confirmed Aliko Dangote's concerns about mafias in the oil sector hinde...

Oil Prices Set for Best Week Over 2 Months on Solid Demand Outlook
June 14, 2024

Oil prices declined on Friday as the market assessed the impact of the US Federal Reserve's decision...

Dangote Refinery to Build 5.3bn Litres Fuel Storage Capacity
June 14, 2024

The President of the Dangote Group, Alhaji Aliko Dangote, has announced plans to expand the storage...

MEMAN Advocates Ethanol as Alternate Fuel, Plans $7bn Yearly Savings
June 13, 2024

The Major Energies Marketers Association of Nigeria has stated that ethanol could be adopted as a bi...

Saudi Aramco Completes Secondary Public Offering of Common Stock
June 12, 2024

The Saudi Arabian Oil Company (Saudi Aramco) announced on Tuesday the completion of the secondary pu...

India Eyes Oil Deals with Nations Including Russia
June 12, 2024

Indian Oil Minister Hardeep Singh Puri on Tuesday announced that state-run Bharat Petroleum Corp (BP...

Denmark's European Energy Signs Long-term Power Deals with Microsoft
June 12, 2024

Danish renewables group European Energy has entered into several long-term power purchasing agreemen...

NUPRC Reduces Signature Bonuses For Oil Blocks To $10m For Deepwater And $7m For Shallow Water To Boost Investment
June 12, 2024

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has reduced the maximum bonuses payabl...

Finance Minister Proposes Liquidity To Resolve Power Sector Problems
June 11, 2024

The Minister of Finance and Coordinating Minister for the Economy Mr Wale Edun yesterday emphasized...

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