Oil and gas

Economy

Oil falls below $60, raising revenue risks for Nigeria’s 2026 budget

Plu Team -
Global oil prices slid below $60 a barrel on Tuesday, hitting their lowest level...
Oil & Gas

Oil prices jump after U.S. imposes new sanctions on Russia

Plu Team -
Oil prices surged on Thursday after U.S. President Donald Trump unveiled sweeping sanctions against...
Oil & Gas

Nigeria’s lost 16% of oil output during strike over Dangote Refinery job cuts

Plu Team -
Nigeria’s crude and gas production dropped sharply during a short-lived strike by oil workers...
Economy

Nigeria moves to rewrite oil law PIA, stripping NNPC of contract control

Plu Team -
The Nigerian government is preparing its first major overhaul of the Petroleum Industry Act...
Companies

Oando shareholders approve ₦500 billion capital raise, debt restructuring

Plu Team -
Shareholders of Oando Plc have granted approval for an extensive ₦500 billion capital-raising and...
Companies

Shell faces fresh pressure over Niger Delta pollution as activists storm AGM

Plu Team -
Shell came under renewed pressure on Tuesday as campaigners stormed the oil giant’s annual...
Energy

Nigeria boosts crude oil production with new Akwa Ibom field

Plu Team -
The Nigerian National Petroleum Corporation (NNPC) has begun production at a new oil field...
Climate

Oil companies hiding methane emissions from satellite monitors

Plu Team -
Oil and gas companies are likely deploying equipment to conceal the level of gas...
Economy

Nigeria mandates oil firms to supply Dangote, other local refineries 483,000 barrels daily

Plu Team -
Oil producers in Nigeria will be required to supply 483,000 barrels per day (bpd)...
Environment

Nigeria gas flaring cut world’s biggest in 2022

Ini Ekott -
Nigeria’s significantly low oil production in 2022 strained government revenue, affected the value of...