oil sector
8 Mar
The continued dollarisation of operations in the downstream segment of the nation’s petroleum industry is compounding existing hardship in Nigeria and adding extra N55.8 billion on the pump prices of Premium Motor Spirit (PMS), diesel and aviation fuel monthly.
7 Feb
The Nigerian Association of Petroleum Explorationists (NAPE) is seeking the support of the National Assembly to address inherent challenges bedeviling the oil and gas sector in the country.
29 Nov
OPEC Secretary General, Haitham Al Ghais, has criticised the International Energy Agency (IEA) for its recent statement, stating that it overly focuses on specific issues and unfairly blames the oil and gas industry for the climate crisis.
2 Nov
• IOCs, independent oil producers worry over commercial, data security • Crude oil edges slightly higher amid Middle East tensions Operators in the oil sector expressed concerns over commercial and contract issues as Nigerian Upstream Petroleum Regulatory Commission (NUPRC) in Abuja, yesterday, moved to enforce mandatory supply of crude to local refineries. Operators of local…
14 Jun 2023
A group, Women in Energy Network (WIEN), has called for the speedy delivery of the benefits of the downstream oil sector, especially to poor Nigerians.
26 Apr 2023
The current attention being shifted to gas in the face of the Ukraine and Russia war as well as the energy transition may fade sooner than expected if the agreement of the world’s seven richest countries (G-7) to prioritise renewable energy over gas is implemented.