SHALL TAKES BOLDER APPROACH TO BP
Oil & Gas
Shell Takes Bolder Approach To BP Acquisition- Report
Oil giant Shell is taking broader steps toward achieving its planned takeover of BP.
According to Bloomberg, Shell is seriously exploring how feasible and beneficial a takeover of BP would be after the oil giant’s “botched” pivot to net zero left it...
OIL PRICE TUMBLES BELOW $60
Oil price tumbles below $60 as OPEC+ accelerates output hikes, surplus looms
Oil price tumbles below $60 as OPEC+ accelerates output hikes, surplus looms
May 5, 2025
Oil prices fell more than $2 a barrel in Asian trade on Monday as OPEC+ is set to further speed up oil output hikes, spurring concerns...
NNPCL: I’m ready to account for my stewardship – Mele Kyari
Crude oil theft: Illegal connections hit 4,800— Mele Kyari
Amid a growing probe into his tenure at the Nigerian National Petroleum Company Limited (NNPCL), former Group Chief Executive Officer Mele Kyari has maintained that he served both the company and the nation diligently. He also expressed his readiness to account for...
Dangote Refinery is the only one producing petrol in Nigeria, NNPC only blending – Energy expert says
Economist and energy sector analyst Kelvin Emmanuel has stated that the Dangote Refinery is currently the only facility in Nigeria genuinely producing Premium Motor Spirit (PMS), commonly referred to as petrol.
Emmanuel made the claim while speaking during the Morning Brief program on Channels Television on Monday.
He dismissed the government’s narrative...
NIGERIA MISSING AS EIGHT OPEC + MEMBERS RAISE OUTPUT
Nigeria, Africa’s largest oil producer, has been left out of a new output increase arrangement by eight members of the Organisation of the Petroleum Exporting Countries (OPEC), sparking concerns over the nation’s capacity to meet its budget target and mounting financial obligations.
A production table released by OPEC+ showed eight global...
Fresh concerns over budget 2025 as oil price drops to $59 per barrel
THERE were increased concerns over the implementation of Nigeria’s 2025 budget, weekend, as oil price dropped further to $59 per barrel from more than $70 per barrel, the lowest this year.
This is about 15.7 percent lower than this year’s peak price of over $70 per barrel.
Funding of the budget was...
NNPCL Providing Support To Dangote Refinery- Aliko Dangote
President of Dangote Group, Aliko Dangote has commended President Bola Ahmed Tinubu for assembling a capable leadership team at the NNPC, highlighting the appointments of Mr. Bashir Bayo Ojulari as Group Chief Executive Officer and Mr Ahmadu Musa Kida as Non-Executive Chairman.
He noted that the recent activities and structural reforms...
Oil marketers, traders trying to frustrate Tinubu’s reforms, says Dangote
Aliko Dangote, founder of the Dangote Group, has accused certain oil marketers and traders of attempting to undermine President Bola Tinubu’s economic restructuring efforts.
Speaking to journalists at the Presidential Villa after meeting with President Tinubu on Monday, Dangote clarified that his recent comments about fighting “cabals” in the oil sector...
Significant Investment Opportunities At OTC
Nigeria has struct investment deals of about $8 billion specifically from equipment purchases, service partnerships, and project funding facilitated through relationships built at the Offshore Technology Conference (OTC).
The Petroleum Technology Association of Nigeria (PETAN) says its consistent presence at the OTC has facilitated the deals for Nigeria’s oil and gas...