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ANALYSIS: Nigerian oil companies recorded N9bn decline in net profit after subsidy removal

    ANALYSIS: Nigerian oil companies recorded N9bn decline in net profit after subsidy removal

The net profit of the Nigerian oil and gas industry dropped by 27.08 percent year-on-year in the second quarter (Q2) after President Bola Tinubu removed the petrol subsidy during the

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Total rebrands as ‘TotalEnergies’ amid push into renewables

    Total rebrands as ‘TotalEnergies’ amid push into renewables

Total, a French multinational oil and gas company, has rebranded its name to TotalEnergies in a move to diversify towards renewable energy sources. According to a statement by Total, the

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Sylva describes Nigeria as a laughing stock in oil business

    Sylva describes Nigeria as a laughing stock in oil business

Timipre Sylva, minister of state for petroleum resources, says Nigeria is currently a laughing stock in the way it operates business in the oil and gas sector. Sylva said this

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Great news for 2019 budget as first Egina cargo hits oil market

    Great news for 2019 budget as first Egina cargo hits oil market

The 2019 budget has just received a boost as the very first cargo of crude oil from Total’s new Egina oil field hit the international oil market for futures trading. According

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PHOTOS: Egina FPSO sails to OML 130

  PHOTOS: Egina FPSO sails to OML 130

The $3.3 billion floating production storage offloading (FPSO) vessel for the Egina deepwater oilfield departed for the oilfield in the

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NUPENG shuts down Total Plc over sacked workers

  NUPENG shuts down Total Plc over sacked workers

The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) on Thursday ordered stoppage of loading activities at all Total

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Nigeria gets $1bn off its JV debts, to pay IOCs $5bn worth of oil in 5 years

  Nigeria gets $1bn off its JV debts, to pay IOCs $5bn worth of oil in 5 years

International oil companies (IOCs) operating in Nigeria have agreed to cut $1 billion off Nigeria’s joint venture debts accrued over

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Total, Murtala Foundation to empower female corps members

  Total, Murtala Foundation to empower female corps members

Total Nigeria Plc and the Murtala Muhammed Foundation have entered a partnership to train female graduates on solar technology marketing. According

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Nobody willing to lift Nigeria’s crude, Indian investor laments

  Nobody willing to lift Nigeria’s crude, Indian investor laments

India’s Hindustan Petroleum Corp (HPCL) has revealed the difficulty it is facing in investing in Nigeria’s oil, saying nobody is

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Shell to lay off 6,500 workers

  Shell to lay off 6,500 workers

Royal Dutch Shell (RDS.L) says it will axe 6,500 jobs this year and step up spending cuts, to deal with

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