Eterna reiterates commitment to deepening gas utilisation in Nigeria
Eterna Plc says it is investing in the colocation of Compressed Natural Gas (CNG) and Liquefied Natural Gas (LPG) skids across some of its retail outlets in the country.
Oil Mixed as OPEC+ Members Dispute Colour Supply Outlook
Oil prices swung as OPEC+ members altered their plans to digitally communicate output decisions after delaying their meeting for four days, flooding the markets with supply concerns.
NLNG Delivered 3 Cargoes of LPG to Local Market in December, says Odeh
The Nigeria Liquefied Natural Gas (NLNG) says it has delivered three cargoes of Liquefied Petroleum Gas (LPG) to the local market in the month to moderate prices and ensure regular supplies during the period.
PCNGi Collaborates With UN Agency on Nigeria’s Greener, Sustainable Future
The Presidential Compressed Natural Gas Initiative (PCNGi) has partnered with the United Nations Sustainable Energy for All (SEforALL) for a greener and more sustainable future in Nigeria.
Shell considers safety, schedules 200,000 bpd Bonga FPSO TAM for October
Shell Nigeria Exploration, and Production Company Limited (SNEPCo) on Sunday said its 200,000 barrels per day capacity Bonga Floating Production Storage and Offloading (FPSO) vessel has been scheduled for Turnaround Maintenance (TAM) in October.
Oil Tumbles below $100/Barrel on Expected Output Hike
Crude oil prices tumbled, falling below $100 per barrel, on expectations that the Organisation of Petroleum Exporting Countries (OPEC) and allies will raise output at their august meeting. The price decline is also noted to have been supported by the prospect that oil companies would ramp up output following a very good earnings season, according to OANDA analyst Edward Moya.
Petrol Price Increased to N630.63 in October- NBS
The National Bureau of Statistics (NBS), says the average retail price of a litre of petrol increased from N195.29 in October 2022 to N630.63 in October 2023.
Nigeria Crude Oil Production Averaged 1.451 mb/d in September – OPEC
The Organisation of the Petroleum Exporting Countries ( OPEC) says Nigeria’s crude oil production averaged 1.451 million barrels per day in September 2021. OPEC made this known in its Oil Market Report for October 2021on Wednesday in Lagos.
OPEC+ Cuts Output to Boost Oil Prices
Saudi Arabia, Russia and other major oil-producing nations have announced they would further slash production next year to prop up volatile prices.
Transform Nigeria to Energy Hub of Africa – Heritage Energy
Mr Ado Oseragbaje, Chief Executive Officer, (CEO), Heritage Energy Operational Services Limited (HEOSL), has called on Federal Government to use its comparative advantage and work to position Nigeria as the energy hub of Africa.
