Oil prices slipped more than 1% on Monday as investors adopted caution ahead of a U.S. Federal Reserve policy meeting and China’s manufacturing data due this week, offsetting support from tension in the Middle East.
The war in the Middle East could push crude oil prices to $150 per barrel if it spreads across the region, the World Bank warned this week.
Trinidad and Tobago has launched an oil and gas bid round with 13 shallow-water blocks on offer, Reuters reported on Wednesday. The 13 blocks are located on the continental shelf near producing concessions. According to Reuters, bids for the round will close on April 2, 2024. The offerings are more than double the country’s previous […]
Energy giant BP has reported lower than expected profits despite global oil prices rising again.
If there was any doubt left in your mind whether or not the oil and gas industry is literally running like greased lightning nowadays, it has been reported that ExxonMobil is still seeking out new M&A opportunities – even after the firm’s massive $60 billion acquisition of Pioneer.
Kaduna refinery begins operations Q4 2024 – FG
29th October 2023
Kaduna Refinery
By
Okechukwu Nnodim
The Kaduna Refinery and Petrochemicals Company Limited will be back on stream by the end of 2024, the Federal Government announced on Saturday.
The Senate noted that the PIA implementation had yet to produced any workable coordination or clearing house by which NNPCL, regulators and oil producing companies, coordinate to ensure vital petroleum sector changes.
The Senate noted that the PIA implementation had yet to produced any workable coordination or clearing house by which NNPCL, regulators and oil producing companies, coordinate to ensure vital petroleum sector changes.
Nigeria, the largest oil producer in Africa, is about to embark on another oil refinery project, focusing on the rehabilitation of a dilapidated refinery.
Oil and gas markets are set for another volatile week of trading after Israel began its long-anticipated ground invasion of Gaza.