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Oil Surges Despite Supply Shortages amidst Russia-Ukraine War
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    Oil Surges Despite Supply Shortages amidst Russia-Ukraine War
    Oil

    Oil Surges Despite Supply Shortages amidst Russia-Ukraine Wa...

    March 18, 202201788

    Oil prices climbed over 7% on Thursday after the International Energy Agency (IEA) said three million barrels per day (bpd) of Russian oil and product

    NUPRC to Deploy Modern Technology to Curb Oil Theft
    Oil

    NUPRC to Deploy Modern Technology to Curb Oil Theft

    March 16, 202201162

    The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says it is in the process of upgrading and deploying the National Production Monitoring

    PETAN Chairman Re-elected for another two Years
    Oil

    PETAN Chairman Re-elected for another two Years

    March 16, 202201540

    PETAN Chairman, Mr. Nicolas Odinuwe has been reelected for another two years. His reelection, as well as most other members of the PETAN EXCO took pla

    PETAN Braces for OTC 2022, Invites Exhibitors and Sponsors
    Oil

    PETAN Braces for OTC 2022, Invites Exhibitors and Sponsors

    March 16, 202201307

    The Petroleum Technology Association of Nigeria (PETAN), an association of indigenous Technical Oilfield Service Companies, providing specialised serv

    Lekoil Nigeria Flays Lekoil Cayman/Savannah Energy Deal
    Oil

    Lekoil Nigeria Flays Lekoil Cayman/Savannah Energy Deal

    March 15, 202201307

    Lekoil Nigeria has reacted to the lifting of an injunction initially granted by The Grand Court of the Cayman Islands (“the Court”) against Lekoil Cay

    Sahara Group Urges Investments in Africa to Achieve Low Carbon World
    Oil

    Sahara Group Urges Investments in Africa to Achieve Low Carb...

    March 15, 202201165

    Leading Energy and infrastructure conglomerate, Sahara Group, has urged developed countries to embark on intentional technological investment in susta

    Shell, Eni Spa Declare Force Majeure on Critical Nigeria Crude Oil Shipment
    Oil

    Shell, Eni Spa Declare Force Majeure on Critical Nigeria Cru...

    March 15, 202201571

    Shell Plc and Eni SpA have both declared force majeure on critical Nigerian oil shipments, threatening to disrupt supplies in a market already concern

    Developing Nations take Cues from Nigeria towards Carbon Emissions Cut – Stakeholders
    Oil

    Developing Nations take Cues from Nigeria towards Carbon Emi...

    March 15, 202201751

    Mr. James Ogunleye, Managing Director of Carbon Limits Stakeholders in the oil and gas industry are striving to forge alliance with the federal govern

    OPEC Daily Basket Price Stood At $113.29 Per Barrel Friday
    Oil

    OPEC Daily Basket Price Stood At $113.29 Per Barrel Friday

    March 14, 20220947

    The price of OPEC basket of 13 crudes stood at $113.29 a barrel on Friday, March 11, 2022, compared with $117.23 the previous day, according to OPEC S

    Ukraine Invasion: Russia’s Oil Tanker Fleet Struggles for Buyers Amidst U.S Sanctions
    Oil

    Ukraine Invasion: Russia’s Oil Tanker Fleet Struggles for Bu...

    March 14, 202201358

    Several Russia-owned tankers have been idle at sea for more than a week along European and North American coasts as countries have either banned impor

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