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Oil Prices Dive to 15-Month Lows on Bank Fears
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    Oil Prices Dive to 15-Month Lows on Bank Fears
    Oil

    Oil Prices Dive to 15-Month Lows on Bank Fears

    March 17, 20230805

    Oil prices took a dive on Friday, reversing early gains of more than $1 a barrel and falling by more than $3, as banking sector fears set crude on cou

    Shell Meets 2022 Climate Targets as Part of Energy Transition
    Oil

    Shell Meets 2022 Climate Targets as Part of Energy Transitio...

    March 17, 202301329

    Shell Plc has published its Energy Transition Progress 2022, which shows it has again met its climate targets as part of its energy transition strateg

    OPEC Ties Output Cut Decision to Calmer Financial Markets
    Oil

    OPEC Ties Output Cut Decision to Calmer Financial Markets

    March 17, 20230928

    OPEC+ will likely wait for financial markets to calm before deciding whether it needs to react to oil’s rout by cutting production, according to consu

    SPDC Lifts Force Majeure on Bonny Crude Exports
    Oil

    SPDC Lifts Force Majeure on Bonny Crude Exports

    March 16, 202301031

    Shell Petroleum Development Company, SPDC, a subsidiary of Shell Companies in Nigeria, has lifted force majeure on Bonny crude exports, an SPDC spokes

    NUPRC Deploys Initiatives to Assist Marginal Field Awardees Progress in Oil Production
    Oil

    NUPRC Deploys Initiatives to Assist Marginal Field Awardees ...

    March 15, 202301118

    In recognition of the funding challenges facing some of the awardees of the 2020 Marginal Field Bid Round licences, the Nigerian Upstream Regulatory C

    Africa Needs Free Markets, Private Sector Participation to Develop Thriving Downstream Sector
    Oil

    Africa Needs Free Markets, Private Sector Participation to D...

    March 14, 20230805

    AEC Executive Chairman NJ Ayuk calls for Africa to cut the high energy taxes, create enabling environments for energy firms to thrive and reduce resou

    Illegal Refinery Stealing Crude Oil from OML 17 Discovered in Rivers
    Oil

    Illegal Refinery Stealing Crude Oil from OML 17 Discovered i...

    March 13, 202301582

    The Nigeria Security and Civil Defence Corps (NSCD) has discovered an illegal local refinery at Otamiri-Etche, Etche Local Government Area of Rivers S

    ExxonMobil to End Routine Gas Flaring in Upstream Operations 2030
    Oil

    ExxonMobil to End Routine Gas Flaring in Upstream Operations...

    March 11, 202301201

    American oil and gas firm, ExxonMobil has announced that it will end routine gas flaring across all its global upstream operated assets by the year 20

    TotalEnergies’ Egina Wins 15th IPTC Excellence in Project Award
    Oil

    TotalEnergies’ Egina Wins 15th IPTC Excellence in Project Aw...

    March 10, 20230899

    Egina, Nigeria’s flagship ultra-deep offshore field operated by TotalEnergies has continued to attract more laurels. The project was declared winner o

    These Allegations are Spurious, Vindictive Reaction to Board’s Enforcement of Corporate Governance Standards – Seplat Energy
    Oil

    These Allegations are Spurious, Vindictive Reaction to Board...

    March 10, 202301016

    … Seplat Energy Board unanimously passes a vote of confidence in Mr. Brown as the CEO. Seplat Energy Plc reports that on March 9, 2023, it was served

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