OIL & GAS

OIL & GAS

Oil Prices
NEWSLETTER OIL & GAS

Oil prices eased on Monday as scant details on the first phase of a trade deal between the United States and China undercut last week’s optimism over the ...
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COVER OIL & GAS POLITICS & GOVERNMENT

The First Lady, Mrs. Aisha Buhari, returned to Abuja this morning two months after she left the country for the United Kingdom. The president’s wife announced her coming ...
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COVER OIL & GAS

Light sweet crude discovered in Upper Benue Trough/Gongola Basin  Hydrocarbon already flowing, computation of volume ongoing Nigeria’s northern region could become an oil-producing jurisdiction soon the following disclosure ...
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Crude Oil Price
COVER NEWSLETTER OIL & GAS

OPEC grants Nigeria higher production quota The federal government has begun moves to recover as much as $62 billion from international oil companies, being a backlog of its ...
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NNPC
COVER NEWSLETTER OIL & GAS

Aba to Enugu axis tops break-in point The Nigerian National Petroleum Corporation (NNPC) has expressed concerns about the rate at which oil major pipelines are sabotaged in Nigeria, ...
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NNPC
COVER NEWSLETTER OIL & GAS

Mele Kyari restates urgency for PIB passage The Nigerian National Petroleum Corporation (NNPC) has commenced talks with the African Export and Import Bank (Afrexim Bank) on funding of ...
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COVER NEWSLETTER OIL & GAS

Nigeria, Germany seal €70m economic cooperation agreement The Minister of State for Petroleum Resources, Mr. Timipre Sylva, yesterday disclosed that the federal government plans to conduct oil blocks ...
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COVER NEWSLETTER OIL & GAS

SPDC kicks, says matter subjudice Rivers State government has acquired the 45 percent interest of Shell Petroleum Development Company of Nigeria (SPDC) in Oil Mining Lease (OML) 11 ...
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Crude Oil Price
COVER NEWSLETTER OIL & GAS

Oil slipped on Monday as China’s economic outlook remained weak even as manufacturing data improved, with an ongoing trade war with the United States weighing on demand growth ...
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In relation to the ongoing Dangote refinery project at Lekki Free Trade Zone (LFTZ), the Lagos State Government (LASG) has called on the Dangote Group to provide necessary ...
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FG sues firm for alleged violation of Nigerian Content Act Nigeria is about losing one of its major oil customers, India, as the world’s third-largest oil importer has ...
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Crude Oil Price
COVER NEWSLETTER OIL & GAS

IOCs see Saudi outages boosting Nigeria’s light crude Crude oil prices Wednesday fell for the third day on worries that fuel demand could fall after United States President, ...
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Agip oil pipeline
COVER OIL & GAS

Unscrupulous people, described as crude oil thieves have set fire on an oil pipeline, belonging to Italian oil giant Agip at Ubeta community in the Ahoada West Local ...
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Crude Oil Price
COVER OIL & GAS

Oil rose further above 64 dollars a barrel on Monday, supported by doubts about how quickly Saudi Arabia can restore output after a crippling attack this month and ...
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NNPC
COVER NEWSLETTER OIL & GAS

The Nigerian National Petroleum Corporation (NNPC) says it has signed an 875.75 million dollar funding and technical services agreement and alternative financing deal for the Nigerian Petroleum Development ...
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NNPC
COVER NEWSLETTER OIL & GAS

The Nigerian National Petroleum Corporation (NNPC) says it will begin full rehabilitation of the nations three refineries by January 2020. The nation’s refineries are located in Port Harcourt, ...
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PPPRA
COVER NEWSLETTER OIL & GAS

Blockade threatens ECOWAS, AfCFTA agreements, says Oyebode The Petroleum Products Pricing Regulatory Agency (PPPRA) disclosed yesterday that the country’s daily petrol consumption dropped from about 61 million litres ...
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SPDC
OIL & GAS

Worried by the increasing rate of oil theft and vandalization of its assets, Shell Petroleum Development Company of Nigeria Limited (SPDC) has mounted state-of-the-art high definition cameras on ...
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Crude Oil Price
COVER NEWSLETTER OIL & GAS

Oil prices slipped on Wednesday, extending losses from the previous session after Saudi Arabia’s energy minister said the kingdom will restore lost oil production by the end of ...
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PIB
COVER OIL & GAS

As the lower chamber of the Nigerian National Assembly reconvenes after a six-week annual recess, the Speaker, House of Representatives, Hon. Femi Gbajabiamila, has assured Nigerians that the ...
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