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NCDMB, NBS hold workshop for oil service firms on baseline census

Oritsegbubemi Omatseyin Lagos — Determined to gather credible data on the oil and gas industry, the Nigerian Content Development and Monitoring Board, NCDMB, has partnered with the National Bureau of Statistics, NBS, to hold a two-day sensitisation workshop for companies […]

Europe, Africa oil markets tighten, lending support to futures

The stronger market is a bonus for the Organization of the Petroleum Exporting Countries and its allies, known as OPEC+. The group has been cutting supply for the past two years but has often struggled […]

US oilfield job losses could swell as natural gas prices plunge

*U.S. drilling site Houston — Oilfield service companies and drillers have put the brakes on hiring and further job cuts could loom as natural gas producers respond to sliding prices by slashing spending on new […]

NUPENG seeks EFCC collaboration against illegal oil bunkering

*NUPENG President, Comrade Williams Akporeha and EFCC Chairman, Ola Olukoyede. Mkpoikana Udoma – Port Harcourt — The National Union of Petroleum and Natural Gas Workers, NUPENG, has sought the collaboration of the Economic and Financial […]

Canadian oil sands production to hit 3.7mb/d by 2030

*DRU1 – The extraction and processing of oil sands is key to the Canadian economy, as it will contribute more than $200 billion annually to the country’s GDP. Lagos — Oil sands production in Canada […]

NIES to convene Africa’s national oil firms for energy agenda

Oritsegbubemi Omatseyin Lagos — The highly anticipated 7th Nigeria International Energy Summit, NIES 2024, will convene a forum for Africa’s National Oil Companies, NOCs, in Abuja, beginning from February 26. The event, bringing together chief executive […]

Oil rises for second day on improving signs of US refinery demand

*A general view of a new crude distillation unit under construction at Exxon Mobil’s refinery in Beaumont, Texas, U.S., November 23, 2022. REUTERS/Erwin Seba. Singapore — Oil prices rose for a second day on Thursday […]

Transport fares double as fuel price hits N1,000/litre in Rivers

*Fuel dispenser nozzle. Mkpoikana Udoma Port Harcourt — Despite suspension of the planned strike by the National Association of Road Transport Owners, NARTO, the pump price of Premium Motor Spirit has continued to surge in […]

Komolafe wins Sun Public Service Award

*Gbenga Komolafe Oritsegbubemi Omatseyin Lagos –– The Chief Executive Officer of the Nigerian Upstream Petroleum Regulatory Commission, NUPRC, Engr. Gbenga Komolafe, has won the Sun Public Service Award. At a colorful ceremony held at the Expo Convention Centre, Eko Hotel and Suites, […]

Navy confiscates 750,000 litres of AGO in Port Harcourt

*Illegal refining dump. Mkpoikana Udoma Port Harcourt — The Nigerian Navy on Tuesday uncovered an illegal oil bunkering site and confiscated over 750,000 litres of illegally refined Automotive Gasoline Oil also known as diesel, in […]