Domestic airlines are currently groaning under acute scarcity of aviation fuel, popularly called Jet A1, with only few operators getting supplies from marketers. This is just as the Chief Executive Continue Reading
Flares burn at an oil flow station in Idu, Rivers State, Nigeria. A governor in one of Nigeria’s crude producing states has declared “total war” against rampant oil theft and Continue Reading
Libya’s largest oilfields could see a resumption of production after what the Libyan National Oil Company (NOC) called the “illicit” closure of crude pumping valves late last week, with engineers Continue Reading
Some drivers say they spend nights at filling stations to get petrol. Fuel scarcity worsened across Nigeria weekend despite repeated assurances from the government that the crisis would soon be Continue Reading
European buyers are scouring the world as far as South Africa to procure coal as Russia’s invasion of Ukraine and the threat of more sanctions on Moscow have made Russian Continue Reading
Crude oil production from Libya’s largest oilfield, El Sharara, has been suspended after the Hamada valve was closed by an unknown person or persons. More than a quarter of Libya’s Continue Reading
Armed group closes pipeline valve connecting Sharara field Brega, Es Sider, Ras Lanuf, Zawiya, Zueitina ports closed Lack of storage could force NOC to cut oil output Libya’s crude production Continue Reading
Oil production in Usinsk, Russia (file photo). Sub-Saharan Africa is experiencing a record surge in fuel prices as the Russian invasion of Ukraine drives up already steep energy costs. Chaos Continue Reading
The ongoing shortage of Petroleum Motor Spirit, PMS, worsened in Lagos, Abuja, Ibadan, Enugu and other major cities across the country, yesterday, with motorists spending hours on queues at filling Continue Reading
ExxonMobil has reached an agreement to sell its equity interest in its subsidiary Mobil Producing Nigeria Unlimited to Seplat Energy. U.S. supermajor ExxonMobil has reached an agreement to sell its Continue Reading
