Thursday, July 29, 2021
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Oil prices rise after steep drop in US inventory

    Oil prices rise after steep drop in US inventory

Oil prices rose after crude stockpiles in the United States, the world’s top oil consumer, fell to their lowest since January 2020. Brent crude oil futures, the global oil benchmark,

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Barkindo: Global energy requires $12.6trn investment by 2045

    Barkindo: Global energy requires $12.6trn investment by 2045

The Organisation of Petroleum Exporting Countries (OPEC) says the global energy sector requires about 12.6 trillion dollars investment cumulatively for development by 2045. Mohammad Barkindo, OPEC secretary-general, said this at

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Anthony Stimler, former Glencore trader, pleads guilty over oil bribery scheme in Nigeria

    Anthony Stimler, former Glencore trader, pleads guilty over oil bribery scheme in Nigeria

Anthony Stimler, a former UK-based trader for Glencore Plc, has pleaded guilty to participating in an international scheme to bribe officials in Nigeria to win favourable contracts from the Nigerian

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Osinbajo asks stakeholders to develop solutions for Nigeria’s energy sector

    Osinbajo asks stakeholders to develop solutions for Nigeria’s energy sector

Vice-President Yemi Osinbajo has asked stakeholders in the energy industry to come up with solutions to challenges that the COVID-19 pandemic has presented to the sector. Osinbajo said this during

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NNPC: N2trn worth of petrol consumed in 12 months

    NNPC: N2trn worth of petrol consumed in 12 months

The Nigerian National Petroleum Corporation (NNPC) says consumers in the country spent N2.07 trillion in 12 months (February 2020-2021) on

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3% for host communities will cause unrest in Niger Delta, says Dickson

    3% for host communities will cause unrest in Niger Delta, says Dickson

Seriake Dickson, senator representing Bayelsa west, says the 3 percent allocation to host communities as contained in the recently passed

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NNPC pays N225bn to FAAC in 5 months — 63% remittance shortfall

    NNPC pays N225bn to FAAC in 5 months — 63% remittance shortfall

The Nigerian National Petroleum Corporation (NNPC) has remitted N225.85 billion to the federation accounts allocation committee (FAAC) in the first

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DPR backtracks, says comment on N1,000 per litre of petrol was ‘taken out of context’

    DPR backtracks, says comment on N1,000 per litre of petrol was ‘taken out of context’

The Department of Petroleum Resources (DPR), on Tuesday, clarified its comment projecting a hike in the pump price of premium

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INVESTIGATION: Rivers residents ‘dying slowly’ as illegal oil refining worsens soot pollution

    INVESTIGATION: Rivers residents ‘dying slowly’ as illegal oil refining worsens soot pollution

Nmesoma Esther and her siblings were lost in their world as they roamed their three-bedroom flat. With little to worry

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Sylva: Nigeria lost revenues over non-performance of Atala oilfield

    Sylva: Nigeria lost revenues over non-performance of Atala oilfield

Timipre Sylva, minister of state for petroleum resources, says Nigeria lost revenues in taxes, royalties and other payments over non-performance

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