OIL & GAS

OIL & GAS

Shell
OIL & GAS

The Nigerian government has filed a billion-dollar claim in a British court against oil giants Royal Dutch Shell and Eni over alleged fraud and corruption that diverted millions ...
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Oil
OIL & GAS

The U.S. might have been left out from the big summit between OPEC and non-OPEC producers in Vienna last week but the country’s influence over global oil markets ...
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Oil
NEWSLETTER OIL & GAS

Oil rose to about $61 a barrel on Wednesday, supported by an industry report showing a drop in U.S. crude inventories, a cut in Libyan exports and an ...
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Oil rose almost $1 on Tuesday, recovering some of the previous session’s losses with the help of gains in global stocks, a slightly weaker dollar and an outage ...
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PPPRA
OIL & GAS

The Executive Secretary, Petroleum Products Pricing Regulatory Agency (PPPRA), Abdulkadir Saidu,  says the Federal Government has no plans to increases the price of  Premium Motor Spirit known as ...
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Oil
NEWSLETTER OIL & GAS

Oil fell on Monday, in line with further declines in global stock markets, erasing the gains made last week when producer group OPEC and other key exporters agreed ...
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Australia
NEWSLETTER OIL & GAS

Australia for the first time in November, overtook Qatar as the world’s largest exporter of liquefied natural gas (LNG), data from Refinitiv Eikon showed on Monday. The surge ...
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COVER OIL & GAS

The Depot and Petroleum Products Marketers Association (DAPPMA) has suspended its planned shutdown of depots across the country from loading petroleum products effective from 12-midnight on Sunday, Dec. ...
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NNPC
OIL & GAS

Nigerian National Petroleum Corporation (NNPC) has assured petroleum products consumers across the country not to engage in panic buying in the countdown to depot shutdown by Depot and ...
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NNPC
COVER NEWSLETTER OIL & GAS

To meet with N’Assembly again this week FG to pay marketers N236bn of outstanding subsidy claims Friday The Nigerian National Petroleum Corporation (NNPC) has again justified the withdrawal ...
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OPEC
NEWSLETTER OIL & GAS

The Organisation of Petroleum Exporting Countries (OPEC) and other major oil producers yesterday agreed to cut about 1.2 million barrels of oil to address falling oil price, which ...
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AVIATION COVER OIL & GAS

A petrol tanker has exploded at Forte Oil filling station located very close to the local airport in Lagos State. Sources from the airport confirmed this to Channels Television on ...
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OPEC
OIL & GAS

The Organisation of Petroleum Exporting Countries (OPEC) talks on oil production cuts reached deadlock on Friday as the group’s leader Saudi Arabia refused to grant sanctions-hit Iran exemptions ...
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Oil
NEWSLETTER OIL & GAS

Oil tumbled in a volatile session on Thursday after OPEC signaled it may agree to a smaller output cut than expected and as concern over the economic impact ...
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Anglo-Dutch oil major, Shell, says the sale of onshore Oil Mining Lease (OML) 42, where it suspects an executive took bribes was not linked to a separate court ...
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Subsidy
OIL & GAS

The Senate on Thursday, urged the Federal Government to dialogue with oil marketers with a view to bring an end to the issue of subsidy payment. The Senate ...
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Maikanti
OIL & GAS

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Maikanti Baru, has attributed the increase in Nigeria’s oil production output in the Niger Delta to the ...
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Oil Price
COVER OIL & GAS

Oil prices fell along with weak stock markets on Thursday, but trading was tepid ahead of a meeting by the Organisation of the Petroleum Exporting Countries (OPEC). The ...
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Oil
NEWSLETTER OIL & GAS

Oil recouped some of its early losses on Wednesday, echoing a modest recovery in global equities, but concern about the outlook for global growth and evidence of yet ...
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Petrobras
NEWSLETTER OIL & GAS

Brazilian state-controlled oil company, Petroleo Brasileiro SA on Wednesday said that it could raise $26.9 billion through asset sales and partnerships by 2023. This is part of a ...
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