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Nigeria fails in bid to restore 300,000bpd oil export via TNP Africa’s most populous nation is in throes of an acute fx crisis Desperate attempts...
NPA indefinitely suspends subsidy on Residual Fuel Oil effective November 1 The National Petroleum Authority (NPA) has announced the indefinite suspension of subsidies on residual...
Petrol, diesel now selling for GHS 18 and GHS 23 per litre A number of Oil Marketing Companies in the country have started increasing prices...
IES: Petrol, diesel prices to soon hit GHS 18 and GHS 20 per litre Prices of petrol and diesel are projected to inch up by...
Oil giants face backlash for handing record profits to investors Big Oil’s record profits are a big hit on Wall Street, but the corridors of...
ExxonMobil’s record-breaking $20bn profit nearly matches Apple’s Oil company’s third-quarter result smashes Wall Street forecasts – as does Chevron’s £11.2bn. The US oil supermajor ExxonMobil has reported...
TotalEnergies, Shell post bumper profits, LNG business diverges Europe’s two largest energy companies Shell and TotalEnergies reported profits of more than US$9 billion in the third quarter,...
Brent crude to average $92 per barrel in 2023 The price of Brent crude is forecast to average $92 per barrel in 2023, down from...
Nigeria orders seizure of assets of former Oil Minister Nigeria’s Economic and Financial Crimes Commission says a federal high court has ordered the final seizure of...
Flurry of million-dollar deals flow into Nigeria’s renewable energy space So far in 2022, there has been a flurry of million-dollar deals in Nigeria’s renewable...