Oil and Gas

Brent crude futures climbed almost 1% to above $80 per barrel on Tuesday, a level not seen since October 2018, amid tighter supply and recovering demand in many parts of the world. In the UK, trucker shortages coupled to panic…

Nigeria's President Muhammadu Buhari has signed into law the Petroleum Industry Bill (PIB) 2021 that was recently passed by the National Assembly. This was disclosed in a statement signed by the Special Adviser to the President…

The latest report by the Nigerian National Petroleum Corporation (NNPC) shows that Nigeria’s refineries lost a total of N104.3 billion in 13 months while not processing any crude oil from the refineries during the period. The…

Nigeria's Minister of State for Petroleum, Mr Timipre Sylva, says there has been  a reduction in vandalism of the country's oil and gas assets. According to him, attacks on…

Technology will play a key role in ensuring that Nigeria stays cost competitive in today’s oil market. Mr. Roger Brown, Chief Executive Officer of Seplat Plc, a Nigerian independent oil and gas company, said this in his keynote…

French energy giant, Total SE, has announced a change of its name to TotalEnergies as the company transitions towards carbon neutrality and its related targets by 2030. (TotalEnergies is a broad energy company that produces and…

Oil prices increased on Friday, recovering from three days of losses, as traders were upbeat about fuel demand recovery this summer as vaccination programs in Europe and the US would allow more people to travel. Meantime,…

The 5th Sub Saharan Africa International Petroleum Exhibition and Conference 2021  (SAIPEC) hosted by the Petroleum Technology Association of Nigeria (PETAN) has kicked off. The virtual event, which has as theme “Post COVID 19:…

BP and Eni said on Wednesday they had entered into talks to merge their oil and gas operations in Angola to form one of Africa's largest energy companies. The two companies have signed a non-binding memorandum of understanding and are in…

The President, Nigerian Gas Association (NGA), Mr Ed Ubong, has presented the Group Managing Director, Nigerian National Petroleum Corporation, #NNPC, Mallam Mele Kolo Kyari, with the Association's "Special Recognition Award for Outstanding…