European Union energy ministers clashed at an emergency meeting over how to cushion consumers and companies from soaring power and natural gas prices, with political and legal constraints leaving little …
Category:
Energy
(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 …
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 …