Oil & Gas
OPEC Fund Invests $1.7 Billion in Renewable Energy Projects Worldwide
The Organization of Petroleum Exporting Countries (OPEC) Fund for International Development allocated $1.7 billion to support 55 projects in 2023,...
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Shell and Partners Finalize Investment Decision to Supply 100mscf/d Gas for 10 Years to Dangote Refinery
The Shell Petroleum Development Company of Nigeria Limited (SPDC) and its joint venture partners have announced the final investment decision...
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NesGas Launches 50,000 MT LPG Depot to Address Nigeria’s Energy Demands
The Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, has lauded NesGas's groundbreaking ceremony for a 50,000 Metric Tonnes...
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Afreximbank Disburses Initial $2.25 Billion of $3.3 Billion Crude Oil Prepayment Loan to NNPC
The African Export-Import Bank (Afreximbank) has successfully disbursed the initial tranche of its $3.3 billion crude oil prepayment loan to...
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Nigerians Pay Higher Petrol Prices Than S’Arabia, Russia, Iraq, Others Despite Country’s Oil Production
A recent report has highlighted that despite Nigeria's status as an oil-producing nation, citizens pay more for petrol than some...
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Dangote Refinery Prepares for Production after receiving the 6th batch of one million barrels of crude oil
Dangote Petroleum Refinery is gearing up to kick off its refined petroleum production after recently receiving the sixth batch of...
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OPEC Maintains Oil Production in December 2023 as Nigeria Boosts Output by extra 50,000 bpd
A Bloomberg survey confirmed OPEC's stable crude oil production in December 2023, with an average of 28.05 million bpd. Notably,...
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Nigeria Spends N2.7 Trillion on Fuel and Diesel Imports in three months
Data from the National Bureau of Statistics (NBS) has revealed that Nigeria disbursed N2.7 trillion in the third quarter of...
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Shell Nigeria Gas Empowers 150 Youths through Enterprise Development and Skill acquisition
Shell Nigeria Gas Limited has taken a proactive step to uplift Ogun State's youth by empowering 150 individuals through enterprise...
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Call For Applications: Shell Nigeria LiveWIRE 2023 Program for Nigerian Entrepreneurs
The Shell Petroleum Development Company of Nigeria Limited (SPDC), which operates the NNPC/Shell/Total/Agip Joint Venture (SPDC JV), has officially launched...
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