U.S. threatens to shutdown gas pipeline project if Russia invades Ukraine
The U.S. government is once again threatening Russia with the shutdown of the German-Russian Nord Stream 2 gas pipeline in...
Natural Resources
SEPCOL’s oil field fire put out
The Federal Government has announced that Wednesday’s fire that engulfed Ukpokiti Oil Field, operated by Shebah Exploration and Production Company...
NUPRC, others embark on joint investigation
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and other relevant stakeholders have embarked on a Joint Investigation Visit (JIV) to...
NNPC lauds Barkindo’s leadership role in OPEC
The NNPC Ltd. has commended Mohammad Barkindo, Secretary-General, Organisation of Petroleum Exporting Countries (OPEC) on the role he played in...
FEDA invests in LNG distribution platform
The Fund for Export Development in Africa (FEDA) has invested into Ecow-Gas B.V. (Ecowgas), a Liquefied Natural Gas (LNG) distribution...
OPEC allocates new oil production quota
The Organisation of Petroleum Exporting Countries (OPEC) has approved 1,718,000 barrels per day (bpd) quota for Nigeria. Angola, the other...
TotalEnergies, CNOOC in deal to invest in Uganda’s Lake Albert
TotalEnergies and project partner China National Offshore Oil Corporation (CNOOC) have announced the Final Investment Decision (FID) for the Lake...
IoD seeks stakeholders’ collaboration for PIA implementation success
Dr Ije Jidenma, President, Institute of Directors (IoD) has stressed the need for all hands to be on deck to...
NNPC’s remittance to Nigeria drops by 80%
The Nigerian National Petroleum Company (NNPC) Limited was unable to remit 80 per cent of its projected contribution to the...
Oil firms risk getting stranded in asset of $500bn
Major oil companies could get caught in a stranded asset trap worth as much as $500 billion if the current...
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