Shell to cut 9,000 jobs globally, shifts to clean energy

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Anglo-Dutch giant, Royal Dutch Shell Plc, has concluded plans to cut as much as 9,000 jobs globally, including Nigeria, as part of its cost-cutting...

Shell to cut 40% operating costs in Nigeria, Gulf of Mexico.

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Royal Dutch Shell has announced that it would focus its operations on Nigeria, Gulf of Mexico, The North Sea and a few others as...

OPEC+ warns overproducers as crude prices post gains

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Crude oil prices rallied higher at most parts of Asia’s trading session on Friday. The recent price surge in crude oil prices is coming...

Waltersmith Refinery ready for October start

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Waltersmith Petroman’s modular refinery has been completed and will begin operations on October 14, the Nigerian Content Development and Monitoring Board (NCDMB) has said. Work...

Arthur Eze denies involvement with Oilbank International, ADM Energy

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Executive Chairman of Atlas Petroleum International and Oranto Petroleum, Prince Arthur Eze, has categorically denied recent news report of his involvement in a partnership...

Crude prices inch higher as OPEC increases effort to stem oversupply

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Crude oil prices soared higher on Friday morning, on track for the third consecutive week of gains. This had been triggered by OPEC+’s  efforts to...

NNPC opens bid for repair and operate partnerships

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The Nigerian National Petroleum Corporation (NNPC) on Tuesday declared open bids for interested private investors to repair the pipelines and depots that are serving...

Chevron’s entry, turning point for Africa’s gas industry – AEC

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The recently-announced acquisition of Noble Energy by Chevron for $13bn gives the American major an entry into Equatorial Guinea’s oil & gas sector, where...

Angola, OPEC strong pillar of market stability

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The Africa Energy Chamber (AEC) has said that the OPEC-Angola discussions that took place last week is a major pillar of the strong dialogue...

Price of Brent crude rises to $31.55 as oil demand picks up

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Crude oil prices gained Thursday, after China’s impressive export data was released hours ago. China’s exports surged by 3.5% in April from a year...

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