President Bola Tinubu has sacked Mele Kyari as Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited and appointed Bashir Bayo Ojulari as his replacement in a sweeping overhaul of the state-owned oil company. In a related move, Tinubu also dissolved the NNPC Limited Board, removing Chairman Pius Akinyelure and all board […]Read More
Crude oil prices surged to a three-week high earlier today, driven by the latest U.S. oil inventory data from the American Petroleum Institute (API) and expectations of a tighter market due to Washington’s intensified sanctions on Iran and Venezuela. At the time of writing, Brent crude was trading at $73.13 per barrel, while West Texas […]Read More
The shutdown of Shell’s 147,000 barrels per day Wesseling refinery, coupled with a power unit failure at the Miro refinery, has intensified demand for oil product barges on the Rhine this week. However, low water levels have significantly increased freight rates. Heating oil prices in the Cologne region have been on the rise since mid-March, […]Read More
Lagos, March 23, 2025. NLNG: The Nigerian Liquified & Natural Gas says it is committed to working with its stakeholders to improve operational efficiency in its domestic Liquefied Petroleum Gas (DLPG) supply. The reaffirmed commitment is contained in a statement issued at the weekend by Dr Sophia Horsfall, General Manager, External Relations and Sustainable Development. At […]Read More
Emergency rule is highly imperative as the leadership crisis rocking Rivers State escalated into the destruction of vital oil and gas infrastructure amid looming impeachment threats against Governor Siminalayi Fubara and his deputy Ngozi Odu, President Bola Tinubu wielded the big stick last Tuesday imposing a state of emergency on the oil rich state. On […]Read More
Dangote refinery is repositioning to sustain production capacity and process over 100 various types of crude oil despite shortage of Nigerian crude oil. The President/Chief Executive, Dangote Industries Limited, Aliko Dangote, spoke on this when he received a delegation of Harvard Kennedy School scholars. He said the ingenuity involved in constructing a world-class refinery, which […]Read More
Lagos, Nigeria – March 17, 2025 – The Tony Elumelu Foundation (TEF), Africa’s leading philanthropy empowering entrepreneurs is set to announce the 11th cohort of the TEF Entrepreneurship Programme on Saturday, March 22, 2025. The Foundation’s 2025 announcement comes at a critical time, as Africa’s entrepreneurship ecosystem faces funding constraints and global economic headwinds. TEF […]Read More
The Minister of State for Petroleum Resources, Senator Heineken Lokpobiri on Wednesday March 12, 2025, toured the TotalEnergies’ offshore fields of Ofon and Egina as part of a one-day familiarization visit. Lokpobiri’s remarks The visit was intended to intimate the Minister with TotalEnergies’ investment plans, ongoing projects and challenges faced by the company in the […]Read More
Chief Chukwuemeka Woke, the Director-General, National Oil Spill Detection and Response Agency (NOSDRA) has commended Total Energies for its proactive steps towards ensuring effective surveillance and protection of oil facilities. Woke stated this at the Port Harcourt International Airport, Omagwa, on Tuesday, while inspecting a West African Surveillance Platform (WASP) workshop for Total Energies’ personnel. […]Read More
Shell has called for the development of infrastructure to promote the growth of domestic gas and monetisation of the resource. “The infrastructure will support the delivery of gas from producers to consumers in an efficient way that is also transparent and cost effective,” Managing Director Shell Nigeria Gas (SNG) Ralph Gbobo said at a panel session at the […]Read More
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