PetroNor completes acquisition of Panoro’s interest in OML 113
BY Habeeb Ahmed, with agency report. Norwegian junior PetroNor E&P has completed its acquisition of a key stake in the Aje
Shell halts sale of Nigeria onshore oil assets
BY HABEEB ADAMU Oil giant Shell has suspended plans to sell its onshore oil assets in Nigeria in compliance with a Supreme
Vandals responsible for OML 18 oil leak in Rivers, says NOSDRA
BY HABEEB ADAMU & GRACE AIRHULE The National Oil Spills Detection and Response Agency (NOSDRA) has blamed the oil wellhead
Barkindo, ex-OPEC scribe, urges all-solutions approach to energy transition
BY MADUABUCHI EFEGADI A former secretary-general of the Organisation of Petroleum Exporting Countries (OPEC), Mohammed Barkindo, has
IEA sees global oil demand rising 2% to new high in 2023
BY HABEEB ADAMU Global oil demand will rise more than 2 percent to a record high of 101.6 million barrels per day (bpd) in 2023, the
Nigeria’s oil production plunges 1.2mbpd in April – OPEC data
BY CHISOM NWATU Nigeria’s crude oil production lost 1.53 percent to an average of 1.219 million barrels per day (mbpd) in the month of
A golden opportunity for energy supply to Europe
BY SUNNY CHUBA NWACHUKWU The global energy equation is drastically changing its beats along sources of the supply chain to the high
Nigerian minister looks to end energy poverty with African Energy Bank
BY: CHISOM NWATU Nigeria’s federal government has said it is important for the continent to form an African Energy Bank (AEB) to put
Nigeria’s deficit, debt to remain high post-Covid-19, oil shocks, says Moody’s
By Charles Abuede Rates credit profile B2 negative Economy severely hit by Covid-19, oil price shocks Nigeria’s credit
Oil holds gains made on high OPEC+ compliance
BY: Moses olajuwon Obajemu Oil prices steadied on Tuesday, hanging on to gains from the previous session thanks to high compliance