Energy
Oil Market: OPEC puts Nigeria’s oil output at 1.4 mbpd
***showing 17.6% drop against 1.7 mb/d 2020 output By Udeme Akpan The Organisation of Petroleum Exporting Countries, OPEC, has put Nigeria’s February 2021, oil output at 1.4 million barrels per
Refineries’ rehab, oil search, pipeline, others gulp N21bn — NAPIMS
By Udeme Akpan The National Petroleum Investment Management Services, NAPIMS, a subsidiary of the Nigerian National Petroleum Corporation, NNPC, invested N21.47 billion to rehabilitate the nation’s refineries, the Nigeria-Morocco gas
Fiscal framework will enhance gas development — NNPC GMD
The Nigerian National Petroleum Corporation (NNPC) has called for a legislative framework with clear fiscal terms in order to tap the full potential of the gas resources in the nation’s
Global oil demand to hit 97.94 mb/d in December
***As major oil-consuming nations tackle COVID-19 ***Experts task FG on diversification By Udeme Akpan With the successful tackling of the coronavirus pandemic, there are indications that the global oil demand
SAUDI DRONE ATTACK: Oil price fluctuates, as Nigeria’s petrol price stabilises
Oil money By Udeme Akpan ENERGY Barely a few days after the crucial meeting of the Organisation of Petroleum Exporting Countries, OPEC, and non-OPEC members had resisted pressures to increase
PIB will address Production Sharing Contracts issues on gas ― Sylva
Timipre Sylva The Minister of State for Petroleum Resources, Chief Timipre Sylva, says the Petroleum Industry Bill (PIB) currently before the National Assembly will resolve the issues under the Production
Oil prices surge, stocks mixed as inflation worries mount
Oil prices surged Monday and stock markets traded mixed as investors weighed worries over high inflation against the reopening of virus-hit economies. After Asian indices closed mostly lower, with sharp
Gombe consumers owe Jos DisCo N2.2 billion — Spokesman
Jos Electricity Distribution Company (JEDC) says 19, 317 households have so far been metered in Gombe state, according to Dr Adakole Elijah, JEDC’s Head of Corporate Communications. Elijah, who disclosed
OPEC+ deal boosts oil prices as inflation fears dog stocks
Oil prices jumped higher Thursday after OPEC+ countries allowed crude production to rise only slightly, while US stocks unwound over concerns about rising inflation despite the Federal Reserve’s attempt to
FG considers 20% hike in petrol freight cost
By Obas Esiedesa The Federal Government is considering a 20 per cent hike in the cost of freighting petrol across the country, as part of measures to boost the revenue
