Friday, July 31, 2026
$1bn prepay for crude: NNPC rejigs financing strategy to fix Port Harcourt refineries
By Pius Tobies Strapped for cash, with oil prices tanking most of the last 18 months, and a federal...
Read moreDetailsOil hits 11-month high as Saudi Arabia, OPEC+ allies negotiate production cut
By Onome Amuge Oil prices soared to their peak in 11 months following the decision of Saudi Arabia, the world’s...
Read moreDetailsGoldman Sachs explains why Saudis made shocking oil production cut decision
By Zerohedge.com The first monthly OPEC+ meeting to decide on the group’s production ended with an unexpected, in fact shocking...
Read moreDetailsNigeria’s power tariff up 50%, 2 months after earlier rate spike led to face-off
By Charles Abuede Barely two months after the Nigerian Electricity Regulatory Commission (NERC) forced the implementation of the highly...
Read moreDetailsWike unseals Shell’s operational base as NNPC GMD intervenes
Out-of-court settlement of feud possible Kyari says negotiation continues Governor Nyesom Wike of oil-rich Rivers State, apparently bowing...
Read moreDetailsErnst & Young lists India as world’s most attractive solar PV market
US, China still top renewable energy investment destinations With $115.24bn in 2019, global SPV market to hit $131.04bn end-2020 Nigeria...
Read moreDetailsDisCos owe NBET N416.94bn in 2020
Nigeria’s eleven electricity distribution companies (DisCos) owe a total N416.94bn from January to September of this year, the Nigerian Bulk...
Read moreDetailsMarketers of cooking gas canvass full domestication of LPG
By Chibisi Onyeka, in Abuja Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) has called for the full domestication...
Read moreDetailsNNPC commits to third-party financing for gas development
Nation’s gas bogged by fiscal, commercial value-chain uncertainties AOW wants Nigeria to focus gas for growth than boost revenue stream...
Read moreDetailsCovid-19 Impact: Energy Sector Year in Review 2020
Energy demand and oil prices slumped on the back of Covid-19 OPEC+ countries agreed on sharp production cuts to stabilise...
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