The Nigerian government has retained the $300 helicopter levy per landing for oil and gas upstream operators and other sectors, following a review of […]
Category: Energy/Oil and Gas
Oil Prices Slide as Venezuela Weighs Exit from OPEC
Global oil prices have declined amid reports that Venezuela is considering leaving the Organisation of the Petroleum Exporting Countries (OPEC), raising fresh concerns over […]
Tinubu Tasks NLNG On Turning Gas Flaring Into Economic Benefit For Nigerians
President Bola Ahmed Tinubu has urged the Nigeria Liquefied Natural Gas (NLNG) to intensify efforts to end gas flaring and convert the country’s gas […]
FG Targets Improved Electricity Supply Through Renewable Energy
The Federal Government has said it is targeting improved electricity supply through increased deployment and sustainable management of renewable energy assets across Nigeria. […]
Fuel Price Hikes Hit Demand as Petrol Consumption Falls 25%, Aviation Fuel 41%
Rising petrol, diesel and aviation fuel prices are weighing on energy consumption across Nigeria, with daily demand for petrol falling by 25 per cent […]
Global Oil Prices Drop Amid US-Iran Tensions
Global oil prices declined on Monday amid renewed tensions between the United States and Iran, as concerns over escalating economic sanctions and disruptions around […]
Sanwo-Olu Moves to End Lagos Blackouts as State Targets 3,500MW Power Supply
Lagos State Governor, Babajide Sanwo-Olu, has renewed the state government’s push to end persistent blackouts and move towards 24-hour electricity supply, setting a target […]
Global Oil Prices Surge as Strait of Hormuz Vessel Attacks Disrupt Shipping
Global oil prices rose sharply on Wednesday as attacks on vessels in the Strait of Hormuz disrupted shipping and heightened fears over the security […]
AFC Leads Oversubscribed $2.5bn Investment in Dangote Refinery, Backing Expansion to 1.4m bpd
The Dangote Refinery has secured a landmark $2.5 billion private placement led by the Africa Finance Corporation (AFC), in one of the largest investments […]
Tinubu Vows to Revive Nigeria’s Four Refineries, Boost Energy Security
President Bola Ahmed Tinubu has vowed to revive Nigeria’s four refineries, assuring that the facilities will not be allowed to waste away after years […]
