Author: Daniel Terungwa

 NNPC Limited Provides Clarity on 2021 Profit The Nigeria National Petroleum Company Limited, NNPCL, has offered clarification on the Profit After Tax, PAT, figures discussed by its Group Chief Executive Officer, GCEO, Mr. Mele Kyari, on Arise TV’s “The Morning Show”. Among the issues the GCEO discussed on the programme was the 2021 profit margin….

European Natural Gas Demand Drops as Top Economies Slow Despite a drop in natural gas prices in two years, Europe’s natural gas demand continues on a downward slope and fell in May from a year earlier as industries are slowing and major economies enter a recession. Natural gas demand in the biggest European economies –…

TotalEnergies to Speak On Exploration Campaign in Nigeria, Others At Aew TotalEnergies’ huge exploration campaigns in Nigeria and other parts of Africa has sustained the company’s assurances with promises of new opportunities for energy security in Africa especially on the back of oil and gas investment and development. It is based on these major investments,…

Nigerian Crude Takes New Hit As Buyers Turn to Cheaper Russian Grade Traders are flocking to the Urals crude blend because they see the Nigerian grades as relatively pricey, with traders reluctant to offload the country’s cargoes. Nigerian crude grades are failing to attract buyers from Europe, China and India as traders, to cut cost,…

Russia Sees Oil & Gas Tax Revenue Shed 36% in May Lower crude oil prices, Western sanctions and European push for energy independence combined to shave 36% off Russia’s oil and gas tax collection for last month, compared to a year ago, Bloomberg reports, citing the Russian Finance Ministry. Crude oil and oil products, which…