Oil & Gas Industry

Experts Weigh In: How Falling Oil Prices Impact Nigeria’s Budget, FX Reserves, Wi Mitigation Strategies

Experts Weigh In: How Falling Oil Prices Impact Nigeria’s Budget, FX Reserves, Wi Mitigation Strategies

Nigeria, Africa’s largest oil producer, faces a daunting economic challenge as global oil prices plummet. Brent Crude stands at $63.86… Read More

2 weeks ago

Oando delays 2024 accounts amid integration of Agip acquisition and stricter audit rules

Oando PLC, Nigeria’s leading indigenous energy company, has announced a delay in the publication of its 2024 audited financial statements,… Read More

2 weeks ago

OPEC+ to Raise Oil Production by 411,000 bpd in May

The OPEC+ coalition has decided to significantly boost oil production, agreeing to increase output by 411,000 barrels per day (bpd)… Read More

2 weeks ago

NNPCL Management Welcomes Ojulari, Honors Kyari’s Legacy

President Bola Tinubu appointed Ojulari to replace Mele Kyari in the early hours of Wednesday while also restructuring the NNPCL… Read More

3 weeks ago

Who is Bashir Bayo Ojulari? Meet the New NNPC Group CEO

President Bola Tinubu has appointed Bashir Bayo Ojulari as the new Group Managing Director and Chief Executive Officer of the… Read More

3 weeks ago

House of Representatives Recovers $14.2 Million from Oil Companies

The Nigeria House of Representatives Public Accounts Committee (PAC), chaired by Rep. Bamidele Salam, on March 31, 2025, disclosed the… Read More

3 weeks ago

Petrol Prices Soar as Naira-for-Crude Deal Expires Today

Nigeria’s oil and gas industry is on edge as the naira-for-crude deal between the Nigerian National Petroleum Company Limited (NNPCL)… Read More

3 weeks ago

Nigeria’s Obodo Crude Oil Grade to Launch in April

Nigeria is set to introduce a new crude oil grade, Obodo, into the global market in April, reinforcing its efforts… Read More

3 weeks ago

OPEC Basket Price Rises to $75.96 Due to Oil Supply Constraints

The OPEC Daily Basket Price climbed to $75.96 per barrel on Tuesday, up from $75.74 the previous day, as reported… Read More

3 weeks ago

AI and Asset’s Sales: Shell’s Recipe for a Leaner Future – Wael Sawan

In a revealing interview during Shell’s Capital Markets Day in New York on March 25, 2025, CEO Wael Sawan laid… Read More

4 weeks ago