OIL & GAS

OIL & GAS

Nigeria aims to boost oil production by 500,000 bpd by 2020
COVER NEWSLETTER OIL & GAS

  Oil prices, on Thursday, March 23, recovered, but the market remained under pressure as bloated U.S. crude inventories and rising output dampen OPEC-led efforts to curb global ...
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Illustration of three oil rigs in the desert
COVER NEWSLETTER OIL & GAS

    Oil prices, on Wednesday, arch 22, sank toward three-month lows after data showed U.S. crude inventories rising faster than expected, piling pressure on OPEC to extend ...
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shell
NEWSLETTER OIL & GAS

  Oil producing giant, Royal Dutch Shell on Tuesday, March 21, said it will drill 161 new gas wells at its Queensland operations by the end of 2018. ...
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Nigeria aims to boost oil production by 500,000 bpd by 2020
COVER NEWSLETTER OIL & GAS

  Oil prices on Tuesday, March 21 surged following expectations that an OPEC-led output cut would be extended beyond June. Brent crude, the international benchmark for oil, was ...
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oil
COVER NEWSLETTER OIL & GAS

Oil prices dipped more than 1 percent on Monday, March 20 as investors made record cuts to bets on rising prices after strong drilling data from the United ...
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nnpc
NEWSLETTER OIL & GAS

The Nigerian National Petroleum Corporation, NNPC has said it will generate about 4, 000 megawatts of power in the next ten years to boost the supply in the ...
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Illustration of three oil rigs in the desert
COVER NEWSLETTER OIL & GAS

    Oil prices, on Friday, March 17 slumped as the market seeks clues on how effectively OPEC production cuts are working to absorb a global supply overhang. ...
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Russelsmith
NEWSLETTER OIL & GAS

  China Petroleum and Chemical Corp, Sinopec, is reaching an agreement to buy a majority stake in Chevron Corp’s South African assets, which are estimated to be worth ...
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Total Partners Toncia Energy to Train 30 Students on Entrepreneurial Skills
COVER NEWSLETTER OIL & GAS

Total Nigeria Plc has declared a profit of N14.8 billion for the 2016 financial year, ended 31st December 2016, a 266 percent rise from N4.05 billion in 2015. ...
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oil
COVER NEWSLETTER OIL & GAS

Oil prices, on Thursday, March 16, leaped for a second day, buoyed by U.S. data showing crude inventories had dipped after rising for nine weeks and a weaker ...
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Illustration of three oil rigs in the desert
COVER NEWSLETTER OIL & GAS

Oil prices, on Wednesday, March 15, made recovery from three-month after industry data showed a surprise drawdown in U.S. crude stockpiles and as Goldman Sachs put a positive ...
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Oil
COVER NEWSLETTER OIL & GAS

Global oil inventories surged for the first time in six months in January, despite OPEC’s production cuts. However, the International Energy Agency on Wednesday, March 15, said if ...
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Oil
COVER NEWSLETTER OIL & GAS

The Organisation of Petroleum Exporting Countries’, OPEC’s compliance with output cuts remained high even though the group’s monthly report indicated a rise in global crude stocks. Goldman said ...
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Oil Exploration Dangote
COVER NEWSLETTER OIL & GAS

The decision of the Organization of Petroleum Exporting Countries, OPEC, to exclude Nigeria and Libya from output cut was seen as a risk to the group’s efforts to ...
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oil
COVER NEWSLETTER OIL & GAS

Oil prices hovered near three-month lows on Tuesday, March 14 with investors waiting for key reports and data that may shed light on a supply overhang in the ...
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Illustration of three oil rigs in the desert
COVER NEWSLETTER OIL & GAS

Oil hovered around three-month lows on Monday, February 13, as rising U.S. inventories and drilling activity offset optimism over OPEC’s efforts to restrict crude output. Brent crude LCOc1 ...
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Nigeria aims to boost oil production by 500,000 bpd by 2020
COVER NEWSLETTER OIL & GAS

Oil prices gathers strength on Friday, March 10 after dropping to their lowest in more than three months, pressured by heavy oversupply despite OPEC-led production cuts. Brent crude ...
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AITEO
COVER OIL & GAS

Integrated energy group, Aiteo has announced a peak production of 90kpod just one year after its acquisition of sub-Sharan Africa’s reputedly largest onshore oil bloc OML 29. Aiteo ...
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Oil
COVER NEWSLETTER OIL & GAS

Financially strapped oil producers are spending billions to boost production before it’s clear that recent crude price gains brought on by OPEC output cuts can be sustained. Five ...
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oil
COVER NEWSLETTER OIL & GAS

  Oil prices surged on Thursday, March 9, after sharp losses the session before, buoyed by strong compliance with touted international production cuts. International Brent crude futures were ...
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