Russia threatens to close gas pipeline to Germany
Russia has said it may close its main gas pipeline to Germany if the West goes ahead with a ban...
Natural Resources
US to ban oil, gas from Russia
US President Joe Biden is expected to today ban Russian oil, natural gas and coal imports to the US, according...
Oil, gas firms owe Nigeria N1.32trn
The Nigeria Extractive Industries Transparency Initiative (NEITI, said oil and gas companies liabilities to the Federation Accounts as at Dec....
African countries engage DFIs to fund oil, gas projects
Nigeria and other petroleum producing countries in Africa have begun engagements with Developmental Finance Institutions (DFIs) to fund critical oil...
Seplat still in deal with ExxonMobil
Seplat Energy says its Sale and Purchase Agreement (SPA) with ExxonMobil has not being terminated. Mr Emeka Onwuka, Chief Financial...
Oil coy expresses interest in NIPP plants
The Nigerian National Petroleum Company Limited (NNPCL), has expressed interest to participate in the acquisition of power plants for sale...
Crude oil market almost on standstill in Europe, Atlantic
The European and Atlantic physical crude market has been brought to a near standstill by a jump in prices and...
Crude oil price hit $113
Crude oil price yesterday continued its upswing as Brent, Nigeria’s benchmark crude, rose above $113 per barrel for the first...
Russia, Ukraine war causes spike in oil prices
Oil benchmarks are hitting multiple price and spread milestones across several key markets as the fallout from severe sanctions on...
Nigeria’s gas reserve hits 209tln cubic feet
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says Nigeria's Proven Natural Gas Reserve has risen to 209.5 Trillion...
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