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Oil price to average $44 in 2021 – World Bank

The World Bank has said that oil prices won’t be rising much next year either but would average $44 per barrel, saying that prices will not recover to pre-pandemic levels at least until 2022.

Seplat drives domestic gas market to power Nigerian economy

SEPLAT Petroleum Development Company Plc has said it is driving the growth of the domestic gas market to power the economy particularly because of the energy shortfall in terms of electricity.

Imo 5,000bpd refinery to start operations – DPR

The Department of Petroleum Resources, DPR, has said the 5, 000 barrels per day Waltersmith Modular Refinery project in Imo State is ready for operations.

Ex-Mobil Oil Nigeria set to delist from NSE

A resolution for the voluntary delisting of 11 Plc, formerly Mobil Oil Nigeria Plc, from the Nigerian Stock Exchange, has been approved by the company’s shareholders.

Oil, gas firms raise N400bn from capital market – NSE

The Chief Executive Officer (CEO) of the Nigerian Stock Exchange (NSE), Mr Oscar Onyema, has said oil and gas companies raised over N400 billion across several asset classes using the platform in recent years.

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International

Orsted’s Brostrom leads Shell’s…

Royal Dutch Shell RDSa.L has hired Orsted's ORSTED.CO North America Chief Thomas Brostrom as Senior…

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Downstream

339 firms scramble for crude oil sales contract…

The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Malam Mele Kyari says…

Midstream

Saudi Aramco, others discuss $10bn pipeline deal

Oil giant Saudi Aramco is in talks with BlackRock BLK.N and other investors on a planned deal worth…

Upstream

Shell to power Aba businesses, begins gas plant…

Shell Nigeria Gas (SNG) in what it described as a project to ensure safe transmission of gas to…

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Oil Tips

11 Interesting Facts About Saudi Aramco

Apart from the fact that Saudi Aramco is the world’s biggest oil firm, what other interesting facts do you know…

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