News wire — The heads of state of Brazil, Guyana and Suriname this week will take the first steps toward forging an infrastructure that would better share the neighboring South America... Read more
News wire –– Shares of Baker Hughes rose sharply on Thursday after the company reported an adjusted quarterly profit and topped analysts’ earnings expectations as higher cr... Read more
– Retains subsidy till June – NNPC unable to remit expected N200bn into FAAC account OpeOluwani Akintayo Lagos — Despite petroleum subsidy gulping a whopping N2 trillion in... Read more
Dubai — Petrochemicals giant Saudi Basic Industries Corp’s (SABIC) joint venture project with ExxonMobil in the U.S. Gulf Coast, which involves an ethylene production unit, has begun c... Read more
India’s crude imports rebounded 3.9% to 4.2 million barrels per day (bpd) in 2021, the data showed, but remained below pre-pandemic levels in 2019. Imports are expected to rise further... Read more
OpeOluwani Akintayo – Lagos — A Federal High Court in Lagos has ordered the Nigerian National Petroleum Corporation, NNPC; Ministry of Petroleum Resources; and National Petroleum... Read more
– To investigate DPO over alleged owning of artisanal refinery Mkpoikana Udoma Port Harcourt — The Police in Rivers State has denied that its personnel prevented the Chairman of... Read more
London — Global oil refining capacity fell for the first time in 30 years last year, as new capacity was outweighed by closures, the International Energy Agency said in its monthly oil... Read more
London — Oil supply will soon overtake demand as some producers are set to pump at or above all-time highs, the International Energy Agency (IEA) said on Wednesday, while demand holds... Read more
Mkpoikana Udoma Port Harcourt — Governors of the Peoples Democratic Party, PDP, have said the management of the nation’s oil and gas resources, and the administration of the Fede... Read more
