OPEC+ fell a whopping 3.6 million bpd below its oil production target in August, with the gap widening from 2.9 million bpd in July. While OPEC members were 1.399 million bpd behind the quota, non-OPEC […]
Nigeria backs Saudi Arabia’s call to address the disconnect between paper and physical oil markets, Nigerian Minister of State for Petroleum Resources Timipre Sylva said Aug. 26. “A stable oil market benefits all — consumers, […]
LAGOS, July 23 (Reuters) – The European Union is seeking additional gas supplies from Nigeria as the bloc prepares for potential Russian supply cuts, Matthew Baldwin, deputy director general of the European Commission’s energy department, […]
(Bloomberg) — The OPEC+ alliance of oil producers is running out of capacity to pump more crude, including its biggest member Saudi Arabia, according to Nigeria’s petroleum minister. “Some people believe the prices to be […]
(Bloomberg) — Nigeria’s Senate will investigate Shell Plc’s historic license renewals in the West African state to determine whether they were extended unlawfully and cost the government up to $200 million. Senate President Ahmad Lawan […]
Britain plans to boost investments in renewable and climate change projects in Nigeria and will provide 10 million pounds ($13.6 million) of support, Minister for Africa Vicky Ford said on her first trip to the […]
OilPrice.Com As uncertainty over new Covid outbreaks combined with a strengthening U.S. dollar, oil prices came under pressure this week and are on course to finish the week 7 percent down. Friday, August 20th, 2021 […]
Nigerian President Muhammadu Buhari expressed concern about new threats by the militant group the Niger Delta Avengers to bomb critical oil and gas infrastructure in the West African nation. Buhari’s statement, made through a spokesman, […]
Transcorp Energy Ltd, a unit of Transnational Corp. of Nigeria Plc plans to develop nuclear power plants in the West African nation as an alternative energy source to improve access to electricity. The plants will […]
YENAGOA: A militant group in Nigeria‘s oil-producing Delta region has threatened to resume attacks amid rising insecurity and disagreements over the share of oil wealth communities should get. The group, called the Niger Delta Avengers, roughly halved Nigeria’s oil production in […]
Copyright © 2025 | Sandstone Group