OIL & GAS

OIL & GAS

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

United States of America Oil producers are flooding Europe with a record amount of crude, just as the Organization of the Petroleum Exporting Countries’ efforts to balance the oil ...
Comments Off on U.S. Oil Floods Europe, Hurts OPEC and Russia Supply Cut Efforts
Crude Oil
COVER NEWSLETTER OIL & GAS

Oil prices, on Monday, April 23, were little changed at around $74 a barrel on rising U.S. borrowing costs and the prospect of further output rises after another ...
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MARKETING AND MARKETING COMMUNICATION NEWS OIL & GAS

Chevron Nigeria Limited (CNL) has received an award for sustaining its support for small businesses in Nigeria. The multi-national oil company won the award at the 4th Sub-Sahara ...
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COVER NEWSLETTER OIL & GAS

Giant Oilfield services provider Schlumberger NV (SLB.N) posted an 88 percent rise in quarterly profit on Friday as rising crude oil prices encouraged its North American clients to ...
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NEWSLETTER OIL & GAS

Negotiations between Exxon Mobil (XOM.N) and Iraq on a multi-billion-dollar infrastructure contract have reached an impasse, Iraqi officials and two industry sources said, in a potential setback to ...
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COVER NEWSLETTER OIL & GAS

Oil prices dipped on Friday, April 20, after U.S. President Donald Trump slammed the Organisation of Petroleum Exporting countries, OPEC , and said oil prices were artificially high, ...
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Donald Trump
Foreign OIL & GAS

U.S. President Donald Trump on Friday criticized OPEC for output reductions that have helped raise oil prices and said the action would not be tolerated, as oil prices ...
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Crude Oil
COVER NEWSLETTER OIL & GAS

Oil prices soared on Thursday, April 19, to their highest since late 2014 as U.S. crude inventories declined, moving closer to five-year averages, and after sources told Reuters ...
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Petrol
BUSINESS & ECONOMY COVER NEWSLETTER OIL & GAS SHIPPING & PORT SERVICES

Thirty-five ships carrying petroleum products, food items and other goods are expected to arrive at the Apapa and Tin Can Island ports in Lagos from Thursday to May ...
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Oil and gas
OIL & GAS

As part of its efforts aimed at deepening the Nigerian oil industry, the Natural Oil and Gas Suppliers Association of Nigeria (NOGASA) says it has put necessary machinery ...
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SPDC
OIL & GAS

Oil and Gas giant, Shell Petroleum Development Company (SPDC) said it has contributed $23 billion to Nigeria’s economy between 2013 and 2017, with 3% of its budget allocated ...
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Crude Oil
COVER NEWSLETTER OIL & GAS

Oil prices stood tall rose on Tuesday, April 17, supported by investors’ growing concern over the potential for disruptions to crude supply, especially in the Middle East. Brent ...
Comments Off on Oil Climbs To $71.52 as Investors Weigh Supply Risks
Maikanti-Baru
NEWS OIL & GAS

The inadequacy of funds has been attributed as the major constraint facing the Nigerian National Corporation (NNPC), according to its Group Managing Director (GMD), Mr. Maikanti Baru. In ...
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COVER NEWSLETTER OIL & GAS

Oil dipped by almost 2 percent on Monday, April 16, after U.S. drilling activity rose and fears waned about escalating tensions in the Middle East following air strikes ...
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Ghana
INTERNATIONAL OIL & GAS

The West African Gas Pipeline Company (WAGPCO) has revealed that the government of Ghana has an outstanding debt of about $100 million to pay to N-Gas, a Nigerian ...
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pengassan
OIL & GAS POLITICS & GOVERNMENT

Members of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), has picketed Total Exploration and Producing Nigerian Limited, in Port Harcourt, Rivers State, over alleged ...
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BudgIT
BUSINESS & ECONOMY NEWS NEWSLETTER OIL & GAS

BudgIT has expressed dismay at the lack of accountability and transparency by the Federal Government and the Nigerian National Petroleum Corporation (NNPC) on the amount so far spent ...
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Oil
INTERNATIONAL NEWSLETTER OIL & GAS

The International Energy Agency said on Friday that the international oil market could become too tight if supply remains restrained by OPEC and its allies as global oil ...
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Technological Advancement: NNPC Vows to Support Local Investors
OIL & GAS

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Maikanti Baru, has said that the corporation was committed to supporting local investors towards growing the engineering ...
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Chevron and ExxonMobil
INTERNATIONAL OIL & GAS

Global oil giants Chevron Corp and Exxon Mobil have asked U.S. regulators for exemptions to the nation’s biofuels policy that have historically been reserved for small companies in ...
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