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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 […]

Russia’s Deputy PM Novak supports proposals to cut number of gasoline exporters

*Alexander Novak Moscow — Russian Deputy Prime Minister Alexander Novak has supported proposals, which were put forward by the energy ministry, to limit the number of gasoline exporters, the government said on Monday. It also […]

Navy takes credit for Nigeria’s rising oil output

Mkpoikana Udoma Port Harcourt — The Nigerian Navy Ship, NNS Pathfinder, says the increased crude oil production in the country was predicated on the onslaught against oil theives and economic saboteurs by the Navy. The […]

IEA chief says oil demand projections depend on China’s growth

*Fatih Birol Goa — The International Energy Agency (IEA) will revise its global oil demand growth projections based on the economic growth prospects of China and some other countries, its executive director Fatih Birol said […]

Angola’s oil sector to stimulate agricultural development

*Angola growing beyond oil Luanda, Angola — With Angola’s oil and gas products making up more than 90% of the country’s exports and accounting for up to $39.94 billion in revenue in 2022, the southern […]

UK pension fund USS wins appeal over fossil fuel investments

*Crude oil News wire — Britain’s biggest private pension scheme has fought off a landmark lawsuit in a London court over its alleged failure to devise a credible plan to divest from fossil fuels. The […]