Minister vows to resign if Nigeria doesn’t refine enough oil by...

Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has vowed to resign if the country fails to attain self-sufficiency in the refining of...

PPPRA denies plans to increase petrol price by N5

The Petroleum Products Pricing Regulatory Agency (PPPRA), has said that there are no plans to increase the pump price of petrol from the current...

PIGB aims to break up state oil company NNPC

The long-awaited oil governance bill passed by Nigeria's upper chamber of parliament proposes breaking up the state oil company into three commercial entities supported...

Indian refiners choose Malaysia oil over Nigeria’s oil

A number of Indian state-owned refiners have been actively picking up Malaysian oil cargoes for loading in July and August amid growing uncertainty over...
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China plans to roll out use of ethanol in gasoline by...

China plans to roll out the use of ethanol in gasoline nationally by 2020, state media reported on Wednesday citing a government document, as...

Advancement in Renewable Energy: ‘Opportunities in oil sector to dwindle’

Vice President Yemi Osinbajo on Monday stated that opportunities in the petroleum industry were narrowing and might be over sooner than expected as a...

PENGASSAN lauds FG efforts to sustain refineries

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), has commended the Federal Government for its effort to ensure that the four...

Oil prices build on gains on expectation of extended crude supply...

Oil prices rose on Tuesday, extending gains after a joint announcement by top producers Saudi Arabia and Russia to push for an extension of...
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S.Africa to build 9,600MW nuclear project, maybe one of the world’s...

Russian energy group Rosatom is a contender for South Africa's nuclear expansion project and the country will award the contract by the end of...

Global LNG demand will likely reach 280 mT per year, largest...

Global Liquefied Natural Gas (LNG) demand will likely reach 280 million tonnes per annum (MMTPA) in 2017, the largest year-on-year growth since 2011, Bloomberg...

FG, Dangote, others sign $1.1 billion pact for 540MW plant

The Federal Government and the developers of the 540-megawatts Qua Iboe Power Plant signed a Power Purchase Agreement for the development of the $1.1bn...

Oil prices continue slide; WTI nearing 6-month low as supply glut...

Oil prices fell by as much as a further 3 percent on Friday, after prices had crashed to five-month lows in the previous session,...

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