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The spike in BP oil prices is a mixed blessing.

August 4 2021 These ups and downs demonstrate the challenge of ditching oil. In the second quarter, BP's CEO, Robert Dudley, announced strong financial results,...

Nigeria’s involvement in the oil sector increased from 3% to 43% in the past decade.

Over the last decade, local content in Nigeria's oil and gas sector has gone from 3% to 43%. The minister went on to explain that...

Nigeria withdraws from the West African Maritime Organization

The Federal Government has stated that Nigeria has left the Maritime Organisation for West and Central Africa (MOWCA). According to Eric Ojiekwe, a spokesperson for...

South Africa’s massive natural gas project

August 3 2021 In South Africa, power outages have grown commonplace. At the same time, the government seeks to wean itself off coal, which accounts...

Senegal is seeking Nigerian assistance in developing its oil and gas sector.

3 August 2021 Chief Timpre Sylva, Minister of State for Petroleum Resources, praised the Senegalese government's attempts to enlist Nigeria's help in developing its oil...

Nigeria’s Oil Refineries Suffer a N104.3bn Loss Over a 13-Month Period

According to the latest data by the Nigerian National Petroleum Corporation (NNPC), Nigeria's refineries lost a total of N104.3 billion in 13 months while...

PIC Group, an Oil and Gas equipment and service provider, was awarded a services contract for a new refinery in Nigeria.

Azikel Petroleum Ltd. has engaged into a 5-year service agreement with PIC Group for the construction of the Azikel Refinery, which will be situated...

Ardova loses almost N.5 billion due to a decrease in fuel and solar system sales.

Weak sales in fuel and solar systems have caused a decline in revenue for Ardova Plc. According to the unaudited financial statements, posted on the...

Iranian president denies blaming Israel for tanker attack

1 August 2021 DUBAI, UAE On Sunday, Israel's prime minister blamed Iran for a drone attack that killed two people on an oil tanker off...

ExxonMobil’s Chemical segment had its best-ever quarter, with earnings of $4.7 billion.

ExxonMobil Corporation forecasted $4.7 billion in second-quarter 2021 earnings, or $1.10 per share, up from a $1.1 billion loss in the second quarter of...

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