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Komolafe visits TGS at OTC 2024

Lagos — Engr. Gbenga Komolafe, the Chief Executive Officer of the Nigerian Upstream Petroleum Regulatory Commission, NUPRC, led a delegation from the commission to visit TGS at the 2024 Offshore Technology Conference, OTC 2024, in Houston, Texas. […]

Tinubu bans procurement of petrol-powered vehicles by Ministries, Departments and Agencies

…Directs mandatory purchase of CNG-dependent vehicles Mkpoikana Udoma Port Harcourt — President Bola Tinubu has banned members of the Federal Executive Council, FEC, from purchasing petrol-dependent vehicles, with immediate effect. To this end, the President has […]

NNPC E&P Ltd, NOSL commences oil production in OML 13

*Some of Nigeria’s oil and gas acreage. Kunle Kalejaye Houston, TX — NNPC Exploration and Production Limited (NNPC E&P Ltd.), NNPC Ltd.’s flagship upstream subsidiary, and Natural Oilfield Services Ltd. (NOSL), a subsidiary of Sterling […]

‘Iraq is committed to OPEC’s oil output cuts’

*Hayan Abdul Ghani. Baghdad — Iraq is committed to voluntary oil production cuts agreed by the Organization of the Petroleum Exporting Countries (OPEC) and is keen to cooperate with member countries on efforts to achieve […]

Russia’s refined oil product exports to Singapore to hit highest this year in May, traders say

“The refinery (attack) impact wanes off through May and June, which is why we may expect higher exports from Russia,” said Armaan Ashraf, global head of natural gas liquids at FGE. He was referring to […]

US drillers cut oil and gas rigs for third week in a row

The oil and gas rig count, an early indicator of future output, fell by two to 603 in the week to May 10, the lowest since January 2022. , , Baker Hughes said that puts […]

Nigeria says oil theft aided by small & light weapons proliferation

*Minister of Defence, Muhammed Badaru Abubakar. Mkpoikana Udoma Port Harcourt — The Minister of Defence, Muhammed Badaru Abubakar, has opined that the activities of oil theft, illegal crude oil refining and kidnapping are aided by […]

Oil benchmark Brent above $84 on perky demand signals

*Oil prices London — Global benchmark Brent hovered above $84 a barrel on Friday after data this week signalled growing demand in the U.S. and China, the world’s two largest crude users, while festering conflict […]

Crude Oil Demand Forecast by OPEC

Crude Oil Demand Forecast by OPEC As the global economy continues to recover from the impact of the COVID-19 pandemic, the Organization of the Petroleum Exporting Countries (OPEC) plays a crucial role in forecasting crude […]

100 African Startuppers to be rewarded as TotalEnergies launch Startupper of the Year Challenge

Oritsegbubemi Omatseyin Lagos — Following the success of the first three editions, TotalEnergies has launched the 4th edition of the Total Energies Startupper of the Year Challenge. This project aims to support young innovative entrepreneurs. The 4th […]