February 12, 2026
Facebook Twitter Linkedin
AEW 2024

Oil & Gas

BREAKING: Nigeria’s Bonny Light price hits $70.15 per barrel

JUST IN: Oil Price rises to $71.28 as OPEC, others work to achieve market stability

Leave a Comment / Oil & Gas /

The price of oil has risen to $71.28 per barrel in the international market as the Organisation of Petroleum Exporting Countries, OPEC, and non-OPEC members work toward achieving market stability. Before the 14th Meeting of OPEC and non-OPEC ministers, which took place via video conference on Thursday, March 4, 2021, the oil price had hovered […]

JUST IN: Oil Price rises to $71.28 as OPEC, others work to achieve market stability Read More »

Nigeria’s gas development can support West African market, Ubong, new NGA President

Leave a Comment / Oil & Gas /

Newly inaugurated President of the Nigeria Gas Association (NGA), Ed Ubong, has said there is abundant gas resources in Nigeria to meet the energy demand of over 350 million people and the industrial needs in the West African sub-region “Nigeria, which ranks as the 9th largest gas reserve in the world and clearly the largest

Nigeria’s gas development can support West African market, Ubong, new NGA President Read More »

OIL MARKET: OPEC puts world economic growth at 2.7% and 2.6% in 2023, 2024 

14th OPEC and non-OPEC Ministerial Meeting end ends in Vienna, Austria

Leave a Comment / Oil & Gas, OPEC /

.Take major decisions By Eyo Nsima The 14th OPEC and non-OPEC Ministerial Meeting have ended in Vienna, Austria with the taking of many important decisions. According to OPEC, “The 14th Meeting of OPEC and non-OPEC Ministers took place via video conference on Thursday, March 4, 2021, under the Chairmanship of HRH Prince Abdul Aziz bin

14th OPEC and non-OPEC Ministerial Meeting end ends in Vienna, Austria Read More »

Danfoss continues to invest in sustainable transformation

Leave a Comment / Oil & Gas /

Danfoss Drives office in South Africa has rolled-out a series of thought leadership webinars on the topic of Energy Efficiency in 2020 There has been growing momentum in the energy sector which appears to give credence to governments across the world’s commitment to transition to low-carbon economies. The promise to expand the existing network of

Danfoss continues to invest in sustainable transformation Read More »

African Energy Chamber Drives Intra-African Energy Investment in Lagos

Energy Industry Congratulates President Nyusi of Mozambique, Backs Africa Oil & Power Capacity Building Initiatives

Leave a Comment / Oil & Gas /

President Nyusi has demonstrated admirable long-term thinking, dedication to local content, and political will to empower the private sector The African Energy Chamber commends H.E. President Nyusi on receiving the Africa Oil & Power ‘Person of the Year’ award for 2020, to be presented on March 8; President Nyusi has demonstrated admirable long-term thinking, dedication

Energy Industry Congratulates President Nyusi of Mozambique, Backs Africa Oil & Power Capacity Building Initiatives Read More »

BREAKING: Nigeria’s Bonny Light price hits $70.15 per barrel

Oil market: Price drops as stakeholders await OPEC, Non-OPEC decision on output

Leave a Comment / Oil & Gas, OPEC /

By Eyo Nsima THE price of oil has dropped from $68.50 to $64.19 per barrel in the international market as stakeholders await the outcome of the Organisation of Petroleum Exporting Countries, OPEC, and Non-OPEC meeting, where the decision of increase output is to be taken. For instance, the price of Brent, which had soared towards

Oil market: Price drops as stakeholders await OPEC, Non-OPEC decision on output Read More »

Pre-NIPS 2021 Summit to focus on Nigeria’s “Decade of Gas” Initiative

Leave a Comment / Oil & Gas /

Pre-NIPS 2021 Summit to focus on Nigeria’s “Decade of Gas” Initiative Key Senior Executives across the oil and gas industry will converge at the Transcorp Hilton, Abuja on 29 March 2021 under the auspices of Nigeria’s Ministry of Petroleum Resources’ Nigeria International Petroleum Summit (N.I.P.S) for a hybrid conference and high-level networking session. The event,

Pre-NIPS 2021 Summit to focus on Nigeria’s “Decade of Gas” Initiative Read More »

DPR generates N2.24trn in 8 months, targets N5trn in December

DPR warns marketers against hoarding of petroleum products

Leave a Comment / Oil & Gas /

The Department of Petroleum Resources (DPR) has issued warning to marketers against hoarding of Petroleum products in their outlets. The Director/CEO DPR Sarki Auwalu gave this warning following the emergence of queues in retail outlets in some states of the federation. He stated that from available records, there is product sufficiency in the country and

DPR warns marketers against hoarding of petroleum products Read More »

BREAKING: NNPC seeks support to tackle oil theft in Nigeria

NNPC Says No Increase in Fuel Price in March

Leave a Comment / NNPC News, Oil & Gas /

…Cautions against Hoarding, Panic Buying Contrary to speculations of an imminent increase in the price of Premium Motor Spirit (petrol) in the country, the Nigerian National Petroleum Corporation (NNPC) has ruled out any increment in the ex-depot price of petrol in March 2021. A press release by the Group General Manager, Group Public Affairs Division,

NNPC Says No Increase in Fuel Price in March Read More »

Scroll to Top