Sunday, August 25, 2019
Home 2018 July

Monthly Archives: July 2018

Oil marketers appeal to govt for payment of N800bn subsidy debts

Nigeria’s average petrol price dropped to N148 per liter in June

The National Bureau of Statistics (NBS) has said the average price paid by consumers for premium motor spirit (petrol) dropped to N148.1 in June...
Total starts up oil production at Angola’s biggest Deepwater development

Total starts up oil production at Angola’s biggest Deepwater development

France’s oil major Total said on Friday that it had started up oil production at the Kaombo area, which is currently the biggest deepwater...
$750bn investment made in electricity against $716bn in oil and gas in 2017, says IEA

$750bn investment made in electricity against $716bn in oil and gas in 2017, says...

Investment in electricity globally rose to $750 billion in 2017, slightly higher than the $716 billion capital spending on oil and gas, the International...
Oil prices at risk of economic downturn

Oil prices at risk of economic downturn

Oil prices have retreated as disrupted supply from Libya has started to come back online, threatening the recent gains in oil prices. But a...
Gas flaring up slightly in Nigeria but slows down worldwide, says World Bank

Gas flaring up slightly in Nigeria but slows down worldwide, says World Bank

Gas flaring by oil and gas companies in Nigeria is still costing Nigeria as much as $2.5 billion annually but the World Bank says...
Total signs agreement with Tata to improve its refinery performance

Total signs agreement with Tata to improve its refinery performance

International oil company, Total of France, Tuesday announced a partnership agreement with Indian based Tata Consultancy Services (TCS) aimed at improving its refinery performance,...
Oando says company not party to Ansbury’s London arbitration case

Oando  says company not party to Ansbury’s London arbitration case

Oando Plc has stated that they are in no way connected to media reports claiming an order for a $680 million payment to Ansbury...
World Bank’s approved 540mw Nigeria power plant gets underway in Akwa Ibom

World Bank’s approved 540mw Nigeria power plant gets underway in Akwa Ibom

The World Bank’s approved $150 million partial risk guarantee and environmental impact assessment (EIA) in 540 megawatts (MW) Nigeria power plant is set to...
Report suggests investors ready to invest more in gas sector

Report suggests investors ready to invest more in gas sector

There are indications that the world will witness huge investments in the gas sector between 2018 and 2020, based on the spirit of decarbonisation,...
Oil prices could hit $100 despite increased production from OPEC, allies

Oil prices could hit $100 despite increased production from OPEC, allies

The highly volatile oil market might be faced with more volatility in the coming months as oil analysts say that there is a chance...

MOST POPULAR

HOT NEWS