(Reuters) – Oil prices rose on Monday, extending pre-weekend gains, with U.S. crude hitting a seven-year high as global supply remained tight amid strong demand worldwide as economies recover from …
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Energy
Oil prices edged down on Wednesday on concerns that oil demand growth will fall as major economies suffer through inflation and supply chain issues through surging prices for power generation …
The National Union of Petroleum and Gas Workers (NUPENG) has announced the suspension of the proposed strike by its affiliate members, Petroleum Tanker Drivers (PTD). The strike, which would have …
Fossil fuels may be the biggest concern for climate activists in western countries, but they’re also the most efficient source of energy humanity has developed. As such, the push to …
THE Federal Government has said that the implementation of the newly enacted Petroleum Industry Act (PIA) will boost the oil production capacity of Nigeria by about 317 per cent to …
ExxonMobil says it remains “committed” to Nigeria despite its decision to divest from the joint venture (shallow water) with the NNPC. The firm, which has done business in Nigeria for …
Concerted efforts are needed to solve Africa’s energy poverty as a prelude to playing on the global renewable energy stage, according to Dr Bryant Orjiako, the chairman and co-founder of …
By 2023, the country expects oil and gas exploitation to boost its Gross Domestic Product growth by 13.7 per cent.In 2019, Senegal’s hydrocarbon revenues reached $42.5 million, an increase of …
Finance, energy and tax experts, yesterday, raised concerns over the inability of the Federal Government to harness existing opportunities in the country before resorting to borrowing as oil companies operating …
United Oil and Gas recorded a strong start to the year as the company saw some success with its well-drilling programme. Three successful wells were drilled on Abu Sennan in …