OIL & GAS

OIL & GAS

OIL & GAS

Oil prices fell more than 3% to below $68 on Monday as the U.S. Treasury Secretary Steven Mnuchin suggested that certain exceptions could be made for countries importing ...
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COVER NEWSLETTER OIL & GAS

Oil demand growth in the world’s biggest oil importer—China—is at risk of slowing down, at least in the coming months. Higher oil prices play a role in this, ...
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NEWSLETTER OIL & GAS special post

   The world’s richest black man, and serial industrialist, Alhaji Aliko Dangote, has embarked on probably one of the most audacious industrial projects ever to be undertaken by ...
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Dangote Refinery
COVER OIL & GAS

Africa’s richest man, Aliko Dangote, has signed a $650 million loan facility with the African Export-Import Bank (Afreximbank) for his oil refinery project in Lekki, Nigeria. The seven-year ...
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COVER NEWSLETTER OIL & GAS

Some staff of Mobil Producing Nigeria (MPN), an affiliate of ExxonMobil, Qua Iboe Terminal (QIT) in Ibeno Local Government of Akwa Ibom State have weekend protested the decision ...
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Crude Oil
COVER NEWSLETTER OIL & GAS

Oil prices edged lower on Friday and were set for a second weekly fall, as the market shrugged off a warning that spare capacity may be stretched as ...
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COVER OIL & GAS SHIPPING & PORT SERVICES

The Nigerian Ports Authority (NPA), said it was expecting 24 ships to bring petroleum products, food and other goods from Thursday to July 30 at Apapa and Tin ...
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COVER NEWSLETTER OIL & GAS

Brent crude rose more than $1 on Thursday as focus turned to a big drawdown in U.S. stockpiles, recouping some of the market’s heavy losses from the previous ...
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Petrobras
OIL & GAS

Brazilian state-controlled oil company Petróleo Brasileiro (Petrobras) is close to agreeing the sale of its stake in an African venture for around $1.3 billion. Petrobras, as the company ...
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COVER NEWSLETTER OIL & GAS

Nigeria stands to benefit as oil rose on Tuesday at the international market, supported by gains in equities and supply concerns in Norway and Libya. Brent crude futures ...
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COVER OIL & GAS

OPEC and its allies are doing what they can to offset crude output shortfalls that have kept global supplies tight and prices high, but they don’t want to ...
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Latin American Nations Vye for Funds in the Surge of Oil Auctions
NEWSLETTER OIL & GAS

Oil prices rose on Monday as increased global demand and U.S. efforts to shut out Iranian output using sanctions outweighed drilling data suggesting U.S. shale production would climb. ...
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Crude Oil Reserves
COVER NEWSLETTER OIL & GAS

By 2023, the United States will account for close to three quarter of all Liquefied Natural Gas (LNG) export growth and its global market share will jump to ...
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COVER NEWSLETTER OIL & GAS

The Dangote refinery plans to start selling petrol, diesel and aviation fuel by early 2020, but the fertiliser plant, will start producing urea this year, Edwin Devakumar, the ...
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Sanctions
OIL & GAS

Iran’s remaining partners in the 2015 nuclear deal vowed Friday to keep the energy exporter plugged into the global economy despite the US withdrawal and sanctions threat. Three ...
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NNPC
OIL & GAS

The National Executive Council (NEC) has tasked the Nigerian National Petroleum Corporation (NNPC) and the Ministry of Finance to undertake an audit exercise to determine the actual volume ...
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OIL & GAS

The Nigerian National Petroleum Corporation (NNPC) on Wednesday shocked many when it disclosed that it does not know the country’s actual fuel consumption.  The corporation said it only ...
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NNPC
COVER OIL & GAS

OPEC says more investment needed in oil, gas sector The Group Managing Director of the Nigerian National Petroleum Corporation, (NNPC) Maikanti Baru, has said a Final Investment Decision ...
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Crude Oil
COVER NEWSLETTER OIL & GAS

Oil prices fell on Thursday after U.S. President Donald Trump sent a strident tweet demanding that OPEC cut prices for crude. The escalating trade row between Washington and ...
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Gas pipeline
NEWSLETTER OIL & GAS

The Federal Executive Council (FEC) on Wednesday approved a contract for consultancy service for the construction of a gas pipeline at the cost of $92 million. The Minister ...
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