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ERA, Groups Expose Motives Of Shell, Other Divesting IOCs In N’Delta

Environmental and climate justice groups across the country have urged Shell and other International Oil Companies (IOCs) operating in the Niger Delta to implement...

EU Diplomats Meet NNPC MGT, Beg For More Nigeria’s Gas Supply To Europe

European Union (EU) Ambassasdors in Nigeria have paid a courtesy call on the management of the Nigerian National Petroleum Company (NNPC). During the meeting the...

Oil Prices Jump As Biden Announces Full Ban On Russian Energy Imports

...U.S. President Biden announced a ban on imports of Russian energy without the participation of European allies. ...The ban includes not only Russian oil, but...

Analysts Warn Of $150 Oil If The West Bans Russian Crude

...Western leaders have so far been reluctant to slap sanctions on Russian oil and gas exports. ...Oil buyers and refiners are already in a sort...

Ukraine Crisis: Nigeria To Spend More Importing Fuel As Prices Hit Record High

There are indications that the Nigerian government could spend more on the importation of fuel into the country as oil rose to nearly $100...

Revealing Comments As FPSO Explosion Reportedly Kills 10 In Escravos, Messes N’Delta [Video]

Wednesday’s explosion of a Floating Production, Storage and Offloading Vessel called Trinity Spirit FPSO, in Ugborodo (Escravos) offshore location has caused stir across social...

Declining U.S. Petroleum Inventories Push Oil Prices Higher

...U.S. commercial petroleum stocks have fallen in most of the weeks in the past year and a half. ...The continuously declining U.S. petroleum stocks over...

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