Internewscast

Tag : Energy

Business

Saudi Aramco profits dive 73% as coronavirus batters oil demand

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Energy giant Saudi Aramco said on Sunday its second-quarter profits plunged a massive 73 percent due to sharply lower oil prices as the coronavirus crisis...
Business

NNPC, PSC partners end dispute over $2.3 billion oil assets’ acquisition

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Nigerian National Petroleum Corporation (NNPC), on Saturday, said it has signed an agreement with its partners in Oil Mining Lease, OML, 130, China National Offshore...
African News Health

Mauritius declares state of emergency on environment after oil spill

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Mauritius’ Prime Minister Pravind Jugnauth declared a state of environmental emergency on Friday as the Indian ocean island battled to contain an oil spill. The...
Business

Oil slips below $45 on-demand concerns, set for weekly rise

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Oil dipped below $45 a barrel, on Friday, on worries that a demand recovery would slow due to a resurgence of coronavirus cases. Although a...
Business

South-West IPMAN directs members to sell fuel at N150 per litre

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AHA Taxis The South West chapter of Independent Petroleum Marketers Association of Nigeria has directed all its members in the zone to henceforth, increase the...
Business

NNPC records 43% drop in oil pipeline vandalism in May

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The Nigerian National Petroleum Corporation (NNPC) has recorded an encouraging 43 per cent drop in cases of willful damage of its oil pipeline infrastructure by...
Business

PPPRA fixes petrol ex-depot price for N138.62

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The Petroleum Products Pricing Regulatory Agency (PPPRA) kept the petrol dealers guessing on Tuesday when it approved an ex-depot price of N138.62 per litre for...
Business

Shell dialogues with host communities in Bayelsa on development fund review

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Getty Images The Shell Petroleum Development Company of Nigeria (SPDC) has begun discussions with 12 host communities in Bayelsa which demanded upward review of development...
Business

Presidency to meet Senate over Azura Power plant controversy

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Details have emerged on the agreement between the Federal Government and the Azura Power Plant, indicating that the Power Purchase Agreement, PPA, became operational in...
Business

Enugu Disco expresses concern over vandalism of installations

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File Photo The Enugu Electricity Distribution Company (EEDC) has raised concern over the rising cases of vandalism of electricity installations within its network in the...