OIL & GAS

OIL & GAS

Shell Petroleum Development Corporation is collaborating with its Joint Ventures Partners on a campaign against Crude Oil Theft in Ogoniland
NEWSLETTER OIL & GAS

Royal Dutch Shell has agreed to sell most of its Canadian oil sands assets for $8.5 billion, the latest international oil major to withdraw from the costly projects, ...
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Illustration of three oil rigs in the desert
COVER NEWSLETTER OIL & GAS

Oil prices on Wednesday, March 8, dipped in Asian trade after industry data pointed to a potential ninth straight week of inventory builds. As of 0740 GMT, brent ...
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Oil
NEWSLETTER OIL & GAS

Integrated energy group Aiteo has hit record high production volume of 90kpod in just one year after its acquisition of sub-Sharan Africa’s reputedly largest onshore oil bloc OML ...
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oil
COVER NEWSLETTER OIL & GAS

Oil prices firmed strengthened on Tuesday, March 7, but stayed in a tight range, with investors seeking a clearer direction from inventory data and comments from oil officials ...
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Oil
NEWSLETTER OIL & GAS

Fitch Ratings in its latest market analysis said the recovery in US drilling activity will drive up shale oil production in the second half of 2017, offsetting a portion ...
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Belemaoil
COVER OIL & GAS

BelemaOil has inaugurated an Asset Management Team (AMT) to operate OML 55. At the inauguration which held last Wednesday, a  13-man committee, comprising members of management and staff ...
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NNPC-oil-gas-workers
COVER NEWSLETTER OIL & GAS

The Nigerian National Petroleum Corporation, NNPC, has said it has capacity to produce gas for the generation of 6,000MW by second quarter of 2017. NNPC’s Group Managing Director, Dr. ...
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Nigeria aims to boost oil production by 500,000 bpd by 2020
COVER NEWSLETTER OIL & GAS

Oil prices, on Friday, March 3, edged higher recouping some of the previous session’s losses, as a weaker dollar triggered buying. Global benchmark Brent LCOc1 was up 19 ...
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oil
COVER NEWSLETTER OIL & GAS

  Oil prices, on Thursday, March 2, dipped after U.S. crude stocks hit an all-time high and official data showed Russian oil production unchanged in February. Benchmark Brent ...
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refineries
OIL & GAS

The Buhari Government has approved the implementation of a new commercial model targeted at attracting investors in the restoration of the nation’s three refineries. Mr Anibor Kragha, Chief ...
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oil
COVER NEWSLETTER OIL & GAS

Oil leaped on Wednesday, March 1, following the pledge of the Organization of Petroleum Exporting Countries, OPEC, to follow through with its pledge to cut output, although evidence ...
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exxonmobil_sunphoto_retouch_cropped_959_487_90_c1
NEWSLETTER OIL & GAS

  Exxon Mobil Corp (XOM.N), the world’s largest publicly traded oil producer, made efforts to reassure anxious investors on Wednesday, March 1, about its growth potential. The oil ...
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CBN-1
COVER OIL & GAS

The Central Bank of Nigeria said on Monday it sold $80 million to retail customers and another $100 million in currency forwards to increase dollar liquidity and support ...
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oil
COVER NEWSLETTER OIL & GAS

Oil prices on Tuesday, February 28, continuing to trade in a tight range with the Organisation of Petroleum Exporting Countries, OPEC’s bullish production cuts offset by increasing crude ...
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Oil
NEWSLETTER OIL & GAS

    Saudi Arabia wants crude oil prices to rise to around $60 a barrel this year, five sources from OPEC countries and the oil industry said. This ...
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Total Partners Toncia Energy to Train 30 Students on Entrepreneurial Skills
COVER NEWSLETTER OIL & GAS

French Oil giant, Total (TOTF.PA) is in talks to buy a multi-billion dollar stake in Iran’s partly-built liquefied natural gas (LNG) export facility, Iran LNG, seeking to unlock ...
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Nigeria aims to boost oil production by 500,000 bpd by 2020
COVER NEWSLETTER OIL & GAS

Oil prices jumped on Monday, February 27, as investors showed record confidence in prices rising further, though gains were capped by the prospect of faster growth in U.S. ...
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oil
COVER NEWSLETTER OIL & GAS

Oil prices on Friday, February 24, dipped after U.S. crude inventories rose for a seventh week, showing that the market is still struggling to ease oversupply despite many ...
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exxonmobil_sunphoto_retouch_cropped_959_487_90_c1
NEWSLETTER OIL & GAS

U.S. oil major Exxon Mobil Corp has revised down its proved crude reserves by 3.3 billion barrels of oil equivalent as a result of low oil prices throughout ...
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Illustration of three oil rigs in the desert
COVER NEWSLETTER OIL & GAS

  Oil prices on Thursday, February 23, leaped after U.S. data showed a surprise decline in inventories, suggesting that a global glut may be ending after moves by ...
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