The Independent Petroleum Marketers Association of Nigeria (IPMAN) says it is more expensive to buy premium motor spirit (PMS), also […]
Category: Oil and Gas
Nigeria sets January 2025 for $5bn Africa Energy Bank take off
The Federal Government has set Jan. 28, 2025 as the deadline for the operationalisation of the five billion dollars Africa […]
Shell $6 billion profit smashes forecasts as LNG offsets weak refining
Shell reported on Thursday third-quarter profits of $6 billion that exceeded forecasts by 12% as higher liquefied natural gas (LNG) […]
$128.98m traded as Naira depreciates against dollar
The Naira on Wednesday slightly depreciated at the official market, trading at N1,631.17 to the dollar. Data from the official […]
Q3 2024: Seplat Energy grows revenue to N1.071trn
Seplat Energy Plc has recorded N1.071 trillion for the third quarter of 2024, an increase from the N478.1 billion posted […]
FG issues nine new refinery licences
The federal government, through the Nigerian Midstream and Downstream Petroleum Authority, has issued licences for nine modular refineries. The Chief […]
Ghana eyes Dangote Refinery for cheaper fuel imports
Ghana could soon be importing petroleum products from Nigeria’s Dangote Oil Refinery, a move that may drastically cut reliance on […]
NNPCL to clear $6bn petrol supply debt soon – Minister
Minister of Finance and Coordinating Minister of the Economy, Wale Edun, said on Wednesday that the Nigerian National Petroleum Company […]
FG approves Seplat’s $1.28bn ExxonMobil asset deal
Nigeria has officially approved the sale of ExxonMobil’s onshore assets to Seplat Energy, marking the conclusion of a $1.28bn deal […]
Aramco CEO calls for energy transition reset in developing world
Saudi Aramco’s chief executive Amin Nasser has called for what he dubbed a reset in the transition plans for developing […]