Savannah Energy personnel Michael James Leeds, England — Savannah Energy has posted an unaudited Financial Results for Q1 2023 which shows that the made £147.6 million. This figure comprises of $71.0m from its Nigerian operations […]
London — Output cuts announced by OPEC+ producers risk exacerbating an oil supply deficit expected in the second half of the year and could hurt consumers and global economic recovery, the International Energy Agency (IEA) […]
*PDVSA Caracas — Venezuelan authorities have arrested Colombian businessman Alvaro Pulido in an ongoing investigation into alleged corruption at Venezuelan state-run oil company PDVSA, Venezuela’s communications minister said on Friday. Pulido was a financial operator […]
*Savannah Energy facility Oritsegbubemi Omatseyin Lagos — Savannah Energy’s production from production fields in Africa improved drastically as it issued its financial and operational update for Q1 2023. For Q1 2023 The company reported total […]
*Hyde Energy tank farm Eunice Imo Lagos — Hyde Energy Limited, a global petroleum-trading company with a downstream network in Nigeria has revealed plans to relaunch Luminor, one of the company’s automotive lubricants. This was […]
*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 […]
*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 […]
*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 […]
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 […]
*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 […]
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