Nigeria: 2019 Budget Threatened As Oil Price Slumps to $60
The fundamentals of the 2019 budget are under threat as crude oil price slumped again yesterday to flatten at $60 per barrel, the same benchmark on which the N8.8 trillion Continue Reading
Sierra Leone: Fuel Scarcity in Freetown – Commercial Drivers, Workers, Pupils Stranded
Fuel scarcity has hit Sierra Leone’s capital, Freetown since Sunday, causing long queues at gas stations and hampering the movement of vehicles and goods across the country. Commercial drivers, motorbike Continue Reading
Angola bets on renewable energy to cut reliance on oil
Angola plans to launch a renewable energy auction that could help reduce reliance on oil, after one of its worst fuel shortages in May, energy secretary Antonio Costa said on Continue Reading
Nigeria’s Refineries Operate At 5.55 Percent Capacity, Record N16 Billion Deficit in March
Nigeria’s four refineries operated at just 5.55 percent of their combined nameplate capacity of 445,000 barrels daily (b/d), according to latest data released by Nigerian National Petroleum Corporation (NNPC), underlining Continue Reading
Nigeria: Forcados Shutdown Drags Nigeria’s Production As OPEC’s May Output Shrinks
OPEC has so far avoided a bruising intra-bloc market share battle, with top exporter Saudi Arabia’s crude oil production falling to a four-and-a-half-year low in May, even as sanctions-hit Iran, Continue Reading
Nigeria: Forcados Shutdown Drags Nigeria’s Production As OPEC’s May Output Shrinks
OPEC has so far avoided a bruising intra-bloc market share battle, with top exporter Saudi Arabia’s crude oil production falling to a four-and-a-half-year low in May, even as sanctions-hit Iran, Continue Reading
Nigeria: Saboteurs, Theft Account for Increased Oil Spills in Nigeria – Shell
Royal Dutch Shell, the parent body of Shell Nigeria Exploration and Production Company Limited (SNEPCo), has attributed the persistent oil pipeline spillage in the Niger Delta region of the country Continue Reading
Nigeria: Delta Community, Chevron Tackle Escalating Oil Well Fire
Facts emerged yesterday that the April 18, 2019 oil well fire on Chevron Nigeria Limited (CNL)’s Ojumole Well 1 in Polobubo (Tsekelewu) community in Warri North Council, Delta State, is Continue Reading
Nigeria: Oil Theft Costs Nigeria 100,000 Barrels Daily
A report has revealed that oil theft has replaced activities of militants, with Nigeria losing 100,000 barrels daily, running into trillions of naira. The report by Bloomberg showed that between Continue Reading
Nigeria: Delta Community, Chevron Tackle Escalating Oil Well Fire
Facts emerged yesterday that the April 18, 2019 oil well fire on Chevron Nigeria Limited (CNL)’s Ojumole Well 1 in Polobubo (Tsekelewu) community in Warri North Council, Delta State, is Continue Reading