News

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 […]

*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 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 […]

*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 […]

News wire — SLB beat analysts’ estimates for quarterly profit on Friday as a rebound in offshore and international drilling activity boosted demand for its equipment, wrapping up upbeat earnings from the world’s top oilfield […]

An oil ministry statement, reported by the country’s state media, did not identify the owner of the cargo of MT Arman 114, an Iranian-flagged supertanker suspected of involvement in the illegal transshipment of crude oil, […]

*Barrels of crude oil Singapore — China’s June fuel oil imports hit the highest for a month so far in 2023, buoyed by firm purchases of Russian oil, data from the General Administration of Customs […]

Bengaluru — The current global annual investment of around $500 billion into upstream oil and gas would be sufficient to meet peak oil demand in the 2030s, Wood Mackenzie said in a report, debunking the […]

*Comrade Ikechukwu Onyefuru, TUC Chairman, Rivers State Mkpoikana Udoma Port Harcourt — The Trade Union Congress, TUC, has condemned the recent increase in the pump price of the Premium Motor Spirit, PMS, popularly referred to as […]

*Drums of illegally-refined diesel Mkpoikana Udoma Port Harcourt — The 6 Division Garrison of the Nigerian Army in Port Harcourt has apprehended a truck laden with 80 drums of suspected illegally-refined Automotive Gasoline Oil, AGO, […]