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Nigeria Labour Congress to strike unless fuel price hike is reversed

*Nigeria Labour Congress. Abuja — The Nigerian Labour Congress, NLC, has put its affiliate unions on strike notice from Wednesday to demand a reversal in petrol price hikes and lower public-school fees. The NLC, which […]

End of Nigeria fuel subsidy set to squeeze Europe’s refiners

*Dangote Refinery takes shape. – W. Africa historically major market for European petrol– Gasoline flows redirected after fuel subsidy scrapped– Some Mideast, Russian flows move to WAF, but still small London — One of Europe’s […]

Romania’s OMV Petrom pays H1 taxes of roughly 9 bln lei

FILE PHOTO: The logo of Austrian oil and gas group OMV is seen a a gas station in Vienna, Austria, November 9, 2016. REUTERS/Heinz-Peter Bader/File Photo News wire — Romania’s top oil and gas firm […]

Canada’s Imperial oil posts sharp drop in quarterly profit

News wire — Canada’s Imperial Oil reported a sharp drop in second-quarter profit on Friday as oil prices fell from last year’s peaks amid economic uncertainty. The company reported a net income of C$675 million […]

Exxon posts 56% profit slump, joins peers in energy price hit

Houston — Exxon Mobil Corp (XOM.N) on Friday reported a 56% slump in second-quarter profit, missing Wall Street bets and joining rivals hurt by a sharp drop in energy prices and lower fuel margins. Second-quarter […]

NSCDC parades 12 suspects with 78,175 litres of illegally refined AGO

*NSCDC officials with the impounded drums of alleged illegally refined diesel Mkpoikana Udoma Port Harcourt — The Nigeria Security and Civil Defence Corps, NSCDC, has arrested 12 suspects over alleged involvement in vandalism, oil theft […]

‘Africa’s transition to cleaner fuels should be driven by its resources’

*Sahara Energy. Lagos — Asharami Energy, a Sahara Group Upstream Company, has said that Africa’s transition to cleaner fuels should be driven by its resources, through the application of technology, fresh investments, and partnership among […]

‘Nigeria must fully implement the Petroleum Industry Act’

*The signing of the PIA represented the culmination of more than 20 years of efforts to reform an oil and gas sector plagued by long-standing problems on multiple fronts NJ Ayuk Johannesburg, South Africa — […]

NCDMB offers ‘first mover advantage’ for investors at oil parks

*Dignitaries at the the Develop Ondo 2.0 Investment Summit James Michael Leeds, England — The first original equipment manufacturers, OEMs, service companies and other oil and gas firms that would set up operations in the […]

US to spend $700 million for oil and gas sector to cut methane emissions

FILE PHOTO: The U.S. Environmental Protection Agency (EPA) sign is seen on the podium at EPA headquarters in Washington, U.S., July 11, 2018. REUTERS/Ting Shen News wire — The U.S. government will provide up to […]