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China rejects cheap Russian oil over Western sanctions
Chinese state refiners are not extending oil deals with Russian suppliers despite the heavily discounted offers in apparent bid to avert Western sanctions, posting gloomy outlook for the Russian economy as its war lingers in Ukraine. The US banned Russian…
Sanctions take $3.6 bn toll on Russia’s March oil income
Russia said Tuesday that state revenue from energy sales in March was $3.6 billion less than it forecast, suggesting the Ukraine war and Western sanctions hit exports. The country’s oil and gas income sank by 38 percent in the month…
Germany seizes control of Gazprom unit
Germany will temporarily take control of a unit of Gazprom PJSC in the country as it seeks to safeguard security of gas supply, according to a Bloomberg report. Economy Minister, Robert Habeck, told agency sources that government would limit to…
Prices jump as Europe considers oil sanction against Russian
Saudi Arabia raises prices for customers across the globe, report says Prices of crude oil jumped on Monday rising by as much as 4% after European countries voiced intention to dump Russian oil and Saudi Arabia raised prices for some…
Why OPEC+ stuck to scheduled output for May
Sopuruchi Onwuka With unabated Russian oil exports going rogue and the United States pouring over 180 million barrels of crude into the oil market, a boost in the collective output of the coalition of the Organization of Petroleum Exporting Countries…
Helios partners Sojitz in propelling Axxela
Sopuruchi Onwuka Leading indigenous natural gas provider, Axxela Limited has earned an international partnership deal capable of utilizing imported capital to spread out larger gas supply facilities in Nigeria and West Africa. The company stated that the partnership agreement between…
FactSpace partners AW Free Foundation against misinformation
One of the leading fact-checking organizations in Africa, FactSpace West Africa, has entered partnership with AW Free Foundation to expand the fight against misinformation, disinformation, fake news and propaganda across Africa. AW Free Foundation is a non-profit organisation founded by…
Okowa lauds Heritage Energy on local content policy compliance
Sopuruchi Onwuka American international oil independent, Heritage Energy Operational Services Limited (HEOSL), has earned the commendation of the Delta State government on its high Nigerian Content policy compliance level. Governor Ifeanyi Okowa whose presentation was delivered at the Stakeholders Summit…
Would artisanal refiners accept NUPRC’s invite to legitimate business?
Sopuruchi Onwuka The threats and admonition by power packed government inspection team that visited scenes of pipeline vandalism and destroyed illegal artisanal refining facilities in the Niger Delta signal a fresh start in the vain repetition of treating symptoms instead…
Putin threatens nuclear disaster as key Kremlin official flees
One of President Vladimir Putin’s closest allies warned the United States on Wednesday that the world could spiral towards a nuclear dystopia if Washington pressed on with what the Kremlin casts as a long-term plot to destroy Russia. The threat…
