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‘Oil and gas firms making ‘almost no progress’ towards Paris goals’

*The Paris climate agreement goals credit tree aid London — Top oil and gas companies have made little progress in turning away from hydrocarbons and towards the goals of the 2015 Paris climate deal, multinational […]

IPMAN tasks Tinubu to divulge plans on fuel subsidy savings

*Fuel dispenser nozzle. – Accuses NLC of betraying ordinary Nigerians Mkpoikana Udoma Port Harcourt — The Independent Petroleum Marketers Association of Nigeria, IPMAN has charged the federal government to tell Nigerians what it plans to […]

Sinopec’s first green hydrogen plant starts production in Xinjiang

Sinopec’s first green hydrogen facility has the capacity to produce 20,000 metric tons of hydrogen a year, using solar power to electrolyse water, the company said in a statement. The plant, in Kuqa city in […]

News

Shell’s renewables boss to leave after CEO strategy shift

London — Shell’s head of renewable generation Thomas Brostrom is leaving the company, a spokesperson said on Friday, weeks after CEO Wael Sawan scaled back its energy transition plans. Brostrom joined Shell from offshore wind […]

China’s Unipec fights uphill battle to contain Middle East crude prices: Russell

Launceston, Australia — The production cuts by OPEC+ may aim to keep crude prices high enough to satisfy the exporter group, but they are also starting to drive some unusual dynamics in the broader oil […]

Tension over whereabouts of eight kidnapped oil workers in Lagos

*Danger looms in water transportation in Apapa. Vincent Toritseju Lagos — There was tension yesterday at the MRS Oil Nigeria Plc, over the whereabouts of eight of its employees who were kidnapped on Monday, June […]

Seplat committed to purchasing ExxonMobil Nigerian oil & gas assets

*ExxonMobil’s oil and natural gas platform offshore Nigeria London — Seplat Energy Plc remains committed to purchasing Nigerian oil and gas assets from ExxonMobil Corp. by completing a deal that’s been held up by the […]

Treat crude oil spills as disaster, YEAC tells FG, oil operators

*Oil spill-impacted site in Nigeria’s Niger Delta Mkpoikana Udoma Port Harcourt — The Youths and Environmental Advocacy Centre, YEAC-Nigeria, has urged the Federal Government as well as multinational and indigenous oil companies in the country to […]

Oil prices gain 2% on big decline in US crude storage

*Crude oil barrels New York — Oil prices rose about 2% on Wednesday as the second straight weekly draw from U.S. crude stockpiles was bigger than expected, which offset worries that further interest rate hikes […]

Vibrant black market collapses as Nigeria scraps fuel subsidy

*A fuel black market operator Lagos — Investigations have revealed that a vibrant fuel black market in Nigeria and its neighbouring countries have collapsed following the recent abolition of fuel subsidy in the country. The […]