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Oil & Gas
Lekki refinery to create 8,000 jobs, says Fashola
Governor Babatunde Fashola of Lagos State says that the Lekki refinery being undertaken by the Dangote Group in…
‘Petrolog’s huge impetus stems from FG’s local content…
The Federal Government’s desire to ensure active participation of indigenous firms in the nation’s oil and gas…
The battle for short-term growth in oil, gas industry
Oil prices seem to have stabilized around the $60 per barrel but the signs that the prices will head downwards…
Government to remove petroleum subsidy
As part of an International Monetary Fund (IMF) bailout plan reached with government, subsidies on petroleum…
As Asia LNG boom fades, new frontiers emerge
Asian LNG demand is expected to rise by 7 percent to 187 million tonnes this year before falling 2 percent, about 4…
Atlantic natural gas markets facing price swings
Atlantic natural gas markets are seeing some of the biggest price swings in years as volatile European trade,…
Crude oil posts first monthly gain since June 2014
Crude oil has posted first monthly gains since June, 2014 supported by an improving demand outlook and supply…
Fuel shortages hit Nigeria as currency woes hurt…
Oil-rich Nigeria's main cities are facing acute gasoline shortages as importers feel the pinch of a plummeting…
Reps issue FG 7-day ultimatum to present forensic audit…
The House of Representatives on Wednesday issued a seven-day ultimatum to the Federal Government to lay the full…
Brent holds steady around $59, Saudis say oil demand…
Brent crude held steady around $59 a barrel on Wednesday as Saudi Arabia's oil minister said oil demand is growing…
FG assures MOMAN of settling N264bn subsidy claims March…
In a bid to avert another round of scarcity of petroleum products across the country even as the nation gears up…
UK’s jet fuel demand creates opportunity for Nigeria
UK’s dependence on foreign imports of jet fuel is increasing at an accelerated pace as domestic refining capacity…