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NUPENG says no to fuel subsidy removal without functional refineries

*Fuel sale at a pump station Sam Ikeotuonye Lagos – The National Union of Petroleum and Natural Gas Workers, NUPENG, has spoken against the plan by the Federal Government to remove subsidy on the Premium […]

OPEC cites risks to summer oil outlook, holds demand forecast

*Entrance of the OPEC secretariat in Vienna, Austria. London — OPEC on Thursday flagged downside risks to summer oil demand as part of the backdrop to shock output target cuts announced by OPEC+ producers on […]

Navy arrests 27 vessels over oil theft

*Vessels in custody over suspected oil theft Mkpoikana Udoma Port Harcourt — The Nigerian Navy says it has, in the last one year, arrested and detained 27 vessels involved in oil theft while 294 illegal refineries […]

Let refineries work before removing fuel subsidy, IPMAN tells FG

Port Harcourt refinery Mkpoikana Udoma Port Harcourt — The Independent Petroleum Marketers Association of Nigeria has thrown its weight behind the planned total removal of fuel subsidy from June 2023 by the federal government. However, IPMAN […]

Investors pull cash from oil despite OPEC cuts

*OPEC+ – Demand fear lingers Singapore — One oil exchange-traded fund saw its largest one-day outflow in more than three years, a possible sign that some investors remain concerned about the outlook after OPEC+ delivered […]

Group decries remapping of Akwa Ibom over 3% host community fund

*Map of Akwa Ibom State Mkpoikana Udoma Port Harcourt — Ilima Obolo, the apex socio-cultural organisation of the Eastern Obolo people in Akwa Ibom State, has kicked against alleged plots by the Akwa Ibom State […]

Eni celebrates sail away of FPSO to oil field offshore Africa

*FPSO Firenze London – Eni, in partnership with PetroCi, celebrated the sail away of the FPSO Firenze to the Baleine field offshore Côte d’Ivoire in Dubai. The event was attended by Mamadou Sangafowa-Coulibaly, Minister of […]

‘Use fuel subsidy’s $800m palliative for healthcare, education’

*Fuel dispenser nozzle. Mkpoikana Udoma Port Harcourt — A Member of the House of Representatives from Rivers State, Hon. Farah Dagogo, has tasked the Federal Government to jettison the planned $800 million cash transfers to […]

Group tasks SCD JV to abide by Nigerian Content’s CCG

*NLNG. Mkpoikana Udoma Port Harcourt — A group known as Bonny Gentlemen’s League, has urged the project contractors handling the ongoing construction of the Nigerian LNG Limited’s Train-7, SCD JV consortium, to ensure strict compliance […]

Gabon seeks to exploit its commercial gas potential

*Local residents paddling a canoe in Gabon Libreville, Gabon — A long-standing oil giant of sub-Saharan Africa, Gabon is embracing its potential as a natural gas producer and emerging with revitalized plans for sustainable, energy-led […]