UK looking to other countries for gas supply amid Russia spy row – PM

UK looking to other countries for gas supply amid Russia spy row – PM

UK Prime Minister Theresa May said Wednesday the UK was "looking to other countries" for gas supply due to deteriorating relations with Russia triggered...

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GT Bank, Shell provide $270m oil-backed loan to Amni

GT Bank, Shell provide $270m oil-backed loan to Amni

Nigeria’s Guaranty Trust Bank and a subsidiary of Royal Dutch Shell have granted a $270 million loan to independent Nigerian oil and gas producer...

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Modular refineries won’t solve Nigeria’s petrol supply problems – Kachikwu

Modular refineries won’t solve Nigeria’s petrol supply problems – Kachikwu

The Minister of State for Petroleum Resources, Ibe Kachikwu, has said that contrary to expectations in certain quarters, the proposed modular refineries in the...

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Six ships laden with petrol arrive Lagos ports

Six ships laden with petrol arrive Lagos ports

The Nigerian Ports Authority (NPA) said on Tuesday that nine ships laden with various products, including petrol, are at the Lagos ports waiting to...

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Nigeria sees largest output rise as OPEC records 32.19 mil b/d for Feb

Nigeria sees largest output rise as OPEC records 32.19 mil b/d for Feb

Months of confidence that global demand growth in 2018 will amply absorb any increases in non-OPEC supply appear to have finally eroded, with OPEC's...

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Average prices of petrol, diesel decreased in February 2018 – NBS

Average prices of petrol, diesel decreased in February 2018 – NBS

The National Bureau of Statistics has said that the average price per litre paid by consumers for Premium Motor Spirit (Petrol) decreased by 9.6...

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Gas exporters forum wants gas prices linked to oil to maintain supply

Gas exporters forum wants gas prices linked to oil to maintain supply

The debate over how to price natural gas is settled, at least for exporters, and oil-indexing should prevail, Bloomberg reports. Prices have to be linked...

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Nigeria to cut sulphur level in fuels from July, 1yr after UN deadline

Nigeria to cut sulphur level in fuels from July, 1yr after UN deadline

An official at state oil company NNPC said in a presentation to the African Refiners Association (ARA) that Nigeria will begin cutting the sulphur...

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DPR urges NNPC to increase supply of fuel to Rivers as scarcity persists

DPR urges NNPC to increase supply of fuel to Rivers as scarcity persists

As part of the efforts to curtail the recurring fuel scarcity and its attendant hike in price, the Department of Petroleum Resources (DPR), has...

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