oil and gas Archives - The Pacesetter Frontier Magazine

OPEC: Discontinue investments in oil and gas industry

July 7, 2021 by Editor Leave a Comment

The Organisation of Petroleum Exporting Countries on Tuesday kicked against calls for the discontinuation of investments in the oil and gas industry, describing such calls as dangerous. Secretary-General, OPEC, Sanusi Barkindo, spoke in a keynote address on ‘Global oil market dynamics in a decarbonising world’, at the 20th Nigeria Oil and Gas Conference … [Read more…]

Crude Oil: Nigerian refineries lose a total of 152.08bn

January 26, 2021 by Editor Leave a Comment

The nation’s refineries lost a total of N152.08bn in 15 consecutive months of being idle, the latest data from the Nigerian National Petroleum Corporation have shown. Analysis of data collated from NNPC monthly reports revealed that all the refineries did not refine crude oil from July 2019 to September 2020. The refineries, which … [Read more…]