Eight key OPEC+ members, including Saudi Arabia and Russia, plan to increase oil production by 137,000 barrels per day starting next month, despite sliding oil prices and concerns about oversupply. This decision signals a shift towards prioritizing market share over price support, surprising markets and raising questions about the alliance’s unity amid geopolitical tensions and…
The Nigeria Union of Petroleum and Natural Gas Workers has insisted it is embarking on strike action on Monday, September 8, 2025, accusing management of Dangote Refinery of attempting to bring back slavery into Nigeria’s workforce. The union made this known in a statement by its President and General Secretary, Williams Akporeha and Afolabi Olufemi….
The Presidency on Thursday faulted the claim of reciprocity by the United States government as the reason for its current visa policy towards Nigeria, saying that the claim does not accurately reflect the actual situation. The Presidency also said contrary to misinformation and fake news circulating online, President Bola Tinubu has never stopped issuing 5-year…
Filling stations across the Lagos metropolis Saturday morning responded to the hike in the ex- depot price of Premium Motor Spirit(PMS), otherwise called petrol by Dangote Refinery late Friday. The Dangote Refinery on Friday adjusted it’s ex- depot petrol price from N825 per litre to N880, representing an increase of N55 per litre. In a…
Chevron Corp. (NYSE:CVX) has announced that it will lay off 15-20% of its global workforce and reorganize its business structure. The U.S. oil and gas major announced that it will consolidate its Oil, Products & Gas segment into Upstream and Downstream, Midstream & Chemicals segment, and be led by Mark Nelson, the current executive vice…
Dangote Refinery has tackled Nigerian National Petroleum Company (NNPC) Limited over claimed that its $1 billion oil-backed loan agreement was instrumental in supporting the refinery operations during liquidity challenges. NNPC’s Chief Corporate Communications Officer, Olufemi Soneye had said the privatized oil company helped Dangote to achieve the Refinery while speaking at an Energy Relations Stakeholder…
Winners have emerged in this year’s special edition of the TotalEnergies, Nigeria Startupper Challenge organized to celebrate its centenary Anniversary. The three winners in the local category were honored during an official prize-giving ceremony in Lagos. The are: Temitope YAKUBU in the Innov’Up category for being the best entrepreneur with his project “INTERKOOL BY FARMCI”, a portable,…
The United Nations Convention describes Persons with disabilities to include those who have long-term physical, mental, intellectual or sensory impairments, which in interaction with various barriers, may hinder their full and effective participation in society on an equal basis with others. More so, the World Health Organization, in 2018 reports that about 29 million of…
The Managing Director, The Shell Petroleum Development Company of Nigeria Limited (SPDC) and Country Chair, Shell Companies in Nigeria, Mr. Osagie Okunbor, has received an “Award of Excellence as an Astute and Visionary Technocrat” from the Petroleum Technology Association of Nigeria (PETAN). Presenting the Award at a ceremony in Lagos, the Executive Chairman of PETAN,…
