Brent Crude oil rose to $97.2 per barrel in the early hours of Thursday, September 28, reaching its highest level since November 2022, according to Oilprice. The huge price increase was caused by increased demand and a major drop in crude oil supplies. Saudi Arabia and Russia were key contributors to this surge, since they […]Read More
The Nigerian National Petroleum Company (NNPC) Ltd., has signed a gas supply Memorandum of Understanding with Indorama Eleme Petrochemicals Limited. According to the state-owned oil company, the agreement was signed in a bid to promote the use of natural gas by large-scale gas utilisation industries. Details soon…Read More
President Bola Ahmed Tinubu on Wednesday assured labour unions in the country that the Port Harcourt refinery will be back on stream by December, 2023. He made this known while meeting with the leadership of the organised labour centre at the State, Abuja, after a nationwide protests by the Nigeria Labour Congress and the Trade […]Read More
Angola has set a production target of 1.2 million barrels per day (mbpd) of crude oil, against the current 1.15 mbpd, the country’s regulatory agency, National Agency of Petroleum, Gas and Biofuels (ANPG) has declared. Ana Miala, director of production of the ANPG, said the country currently has the capacity to produce 1.18 mbpd, which […]Read More
Despite easing of Liquefied Natural Gas (LNG) prices in international market, Pakistan has once again failed to attract even a single bid for the supply of six spot Liquefied Natural Gas (LNG) cargoes. The state owned Pakistan LNG Limited (PLL) had, last week, invited bids from international suppliers for the delivery of six cargoes with […]Read More
The National Oil Company of Liberia (NOCAL), has signed a memorandum of understanding with the Nigeria-Morocco Gas Pipeline. The Nigeria-Morocco Gas Pipeline (NMGP) Project is an initiative of the Federal Government of Nigeria and the Kingdom of Morocco. Speaking during the signing ceremony, Saifuah-Mai Gray, Managing Director of the National Oil Company of Liberia (NOCAL), […]Read More
The Board and Management of Seplat Energy Plc has appointed Chioma Y. Afe as the Director, External Affairs and Sustainability effective June 15, 2023, the company said in a release. Afe is an accomplished strategic Senior Communications Executive and Business Leader with over 25 years’ experience in developing and implementing high-impact communication strategies that drive […]Read More
The Nigerian Labour Congress and the Trade Union Congress have agreed to suspend the planned nationwide strike scheduled to begin on Wednesday. The strike was suspended after hours of talks between the government and labour unions. The government, led by Speaker of the House of Representatives Femi Gbajabiamila, agreed to review the unions’ demands. The […]Read More
The Nigerian National Petroleum Company (NNPC) Limited has announced that it will end its oil swap contracts with traders and will instead pay cash for petrol imports. The move is part of a broader plan to deregulate the petrol market and reduce the burden on government finances. Under the current oil swap arrangement, the NNPC […]Read More
The Nigerian National Petroleum Company Limited (NNPCL) has entered signed agreements with five energy organisations for the renewal of the Oil Mining Lease (OML) 13 suite. These organisations include, China National Offshore Oil Corp, South Atlantic Petroleum, Total Upstream Nigeria Limited, PRIME 130 and the Nigeria Upstream Petroleum Regulatory Commission. The NNPCL tweeted that the […]Read More
Copyright © 2022, Energy Planets. All rights reserved
Join our mailing list to receive the latest news and updates from our team.