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
Lagos — The Organization of the Petroleum Exporting Countries, OPEC, says it sees a well-supported oil market in 2022 as oil prices on Wednesday, approached $90 per barrel. In its clos... Read more
News wire — Britain’s Genel Energy on Tuesday forecast its free cash flow to more than double in 2022, helped by an increase in global oil prices, even as the Iraqi Kurdistan-focussed... Read more
– Deploys personnel to protect exhibits yard from attack by hoodlums Mkpoikana Udoma Port Harcourt — The Nigerian Security and Civil Defence Corps has debunked the rumour that it... Read more
