Energy demand set to fall amid COVID-19 crisis, says IEA

zachary theodore guADzpF9pDI unsplashThe COVID-19 pandemic represents the biggest shock to the global energy system in more than seven decades, with the drop in demand this year set to dwarf the impact of the 2008 financial crisis and result in a record annual decline in carbon emissions of almost eight per cent

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Seplat Petroleum records US$105.8mn loss in Q1 2020

seplatNigerian oil and gas company Seplat Petroleum has reported a loss of US$ 105.8mn in its unaudited Q1’20 result

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Sparrows receives UKAS accreditation for global inspection services

SparrowsSparrows Group has enhanced its reputation for inspection services with a United Kingdom Accreditation Service (UKAS) accreditation

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LCCI commends Nigerian government’s decision on petroleum product price

bola petrol priceThe Lagos Chamber of Commerce and Industry (LCCI) has commended the decision of the Nigerian government to allow market forces determine the price at which petroleum products are sold in the country

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Looking back at the week where oil prices hit negative

42020432260 24b7e7883f oIn a dramatic week for oil prices, with prices hitting negative territory for the first time in history and sending millions of barrels of oil into storage, market analysts have reflected on what this price slump might mean for the oil industry in the weeks and months ahead

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