EIGHT NIGERIAN ACADEMICS, SEVEN OTHERS INDUCTED AS SHELL RENEWS SABBATICAL, RESEARCH POSITIONS FIFTEEN Nigerian academics and research interns have been inducted into a one-year sabbatical and research internship programme at a ceremony held recently at the Port Harcourt Headquarters of the Shell Petroleum Development Company of Nigeria Limited (SPDC). The ceremony marks the resumption of the…
Buhari performs Groundbreaking of Oloibiri Museum, as Industry stakeholders power project The groundbreaking of Oloibiri Museum and Research Centre (OMRC) was performed on Tuesday by President Muhammadu Buhari, an event that attracted leaders of the Nigerian oil and industry who made firm commitments to the execution and sustenance of the project. President Buhari was represented…
U.S. Crude Oil Exports to be in Demand in 2023 as Trade Flows Reshuffle U.S. crude oil exports that have been boosted by a trade flow reshuffle in the aftermath of Russia’s invasion of Ukraine will remain elevated this year as Europe and Asia search for supplies, company officials and analysts said. Western sanctions on…
OPEC+ Decisions not Politicised- Saudi Energy Minister Decisions by OPEC+ are not politicised and are based on market fundamentals, Saudi Arabian energy minister Prince Abdulaziz bin Salman said on Monday, adding that the alliance of oil producers is sufficiently flexible to adjust policy as needed. Prince Abdulaziz was speaking at a media forum in the…
China Set for Record Crude Oil Imports in 2023- Analysts China is expected to import a record amount of crude oil in 2023 due to increased demand for fuel as people travel more following the dismantling of COVID-19 controls and as a result of new refineries coming onstream, analysts said. The prospect of strong demand…
NBS says Petrol Price Increased By 54.52% in One Year National Bureau of Statistics (NBS) says the average retail price paid by consumers for Petrol increased from N166.40 in January 2022 to N257.12 in January 2023. This is according to the NBS Premium Motor Spirit (Petrol) Price Watch for January 2023 released in Abuja on…
Oil and Gas Concessions Could Break the Net-Zero Banking Alliance Internal tensions are rising within the Net-Zero Banking Alliance, an offshoot of the Glasgow Financial Alliance for Net Zero, as transition-focused members get annoyed that less conscientious ones are being allowed to continue financing oil and gas. According to a Bloomberg report, the Net-Zero Banking…
U.S. Gasoline Prices Are Dropping, Except in the West The national average price for a gallon of gasoline in the United States appears to be holding steady, but consumers out West are seeing hikes, Gas Buddy said in a Monday note— and prices across the country may rise starting next month. The national average for…
NNPC syas it has 1.8bn Litres of Fuel For Feb, March Contrary to reports making the rounds that the country may soon experience fuel scarcity as Nigeria National Petroleum Company Limited (NNPCL) depot almost running low, the company says it has put in place a “robust” plan for the supply of Premium Motor Spirit (PMS),…
EU Fails to Reach Fossil Fuels Phase-Out Deal Monday’s meeting of European Union foreign ministers failed to lead to the adoption of rules for a phase-out of fossil fuels as European countries argue over the categorization of nuclear energy as part of the energy transition. The meeting was intended to reach an agreement that would…