OIL & GAS

Crude oil refiners in Nigeria have raised alarm over their inability to access crude oil locally, blaming the situation on oil producers’ preference to sell crude to international traders in …

Transnational Corporation Plc (Transcorp) has released its half-year results for the year ended June 30th, 2022, posting 85 per cent profit after tax as revenue for the year grew. The …

Sasol Ltd, South African fuel and petrochemical company Sasol Ltd said on sunday that it will restart its refinery by the end of July after the company declared force majeure …

According to a Reuters survey released on Tuesday, Nigeria’s crude oil production rose by 70,000 barrels per day in May. The document, made public  in Lagos, showed that the country’s crude oil …

 Seplat Energy Plc has announced the appointment of Basil Omiyi as its new independent non-executive chairman. Mr. Basil Omiyi replaces A.B.C Orjiakor whose tenure ended Wednesday. According to a notice …

French oil major TotalEnergies has launched a sale of its minority stake in a Nigerian oil joint venture. A document tendering for interest showed that the oil firm appointed Canada’s …

The NBS also says that Kaduna residents paid the highest price for petrol in April, compared to other states. The National Bureau Statistics (NBS) says the average retail price paid by …