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OIL & GAS

OIL & GAS

Conoil
COVER NEWSLETTER OIL & GAS

Shareholders of Conoil Plc last Friday approved a dividend of N1.4 billion for the 2019 financial year, just as the company has expressed optimism about sustaining its tradition ...
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NNPC
COVER NEWSLETTER OIL & GAS

The Nigerian National Petroleum Corporation (NNPC) yesterday released names of shortlisted local and international trading and downstream oil companies for the highly sought-after contracts to exchange crude oil ...
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Nigeria Records $16 billion Chinese Investment
COVER OIL & GAS

China has invested up to $16 billion in Nigeria’s oil industry, mostly upstream, over the last 14 years through its state oil firm, the China National Offshore Oil ...
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NNPC
COVER NEWSLETTER OIL & GAS

The Nigerian National Petroleum Corporation (NNPC) says strategic partnership and new investments in the Upstream Petroleum Sector are essential to actualizing the growth of the nation’s crude Oil ...
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IMF Calls for End to Subsidy
COVER NEWSLETTER OIL & GAS

The International Monetary Fund (IMF) Wednesday reiterated the need for Nigeria and other countries that still retain the policy of subsiding fossil fuel to put an end to ...
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Nigeria Pledges to Stick to Agreed OPEC Output
COVER NEWSLETTER OIL & GAS

Nigeria will not break its commitment to the oil production adjustments agreed upon under the Declaration of Cooperation (DoC) between member countries of the Organisation of the Petroleum ...
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Gas Flaring
COVER NEWSLETTER OIL & GAS

Members of the Host Communities of Nigeria Producing Oil and Gas (HOSCON) have declared as unacceptable the federal government’s continuous withholding of the N98 billion gas flare penalty ...
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Nigeria Records $16 billion Chinese Investment
COVER NEWSLETTER OIL & GAS

40 cargoes for export in August still in need of buyers Nigeria’s crude has suffered its slowest sales of the year in August as the United States’ exports ...
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Egina Crude in High Demand
COVER NEWSLETTER OIL & GAS

Nigeria’s newest export crude, the medium sweet Egina, is proving popular with European refiners due to its high distillate yields, as output from the Total-operated field nears its ...
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Crude Oil Price Sinks Lower to $57
COVER NEWSLETTER OIL & GAS

Meanwhile, crude oil prices fell further yesterday, extending recent heavy losses as deepening trade tensions between the United States and China weighed on the outlook for the global ...
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Nigeria Pledges to Stick to Agreed OPEC Output
COVER NEWSLETTER OIL & GAS

Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Mr. Mele Kyari, Wednesday disclosed that the corporation, Shell, Total and Eni, who are investors in the NLNG Limited, ...
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Oil
NEWSLETTER OIL & GAS

Oil prices rebounded slightly on Tuesday from big falls in recent sessions, but Brent crude remained near seven-month lows around $60 a barrel due to escalating trade tensions ...
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Nigeria Pledges to Stick to Agreed OPEC Output
COVER NEWSLETTER OIL & GAS

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mr. Mele Kyari, has bemoaned the non-functional state of refineries in the country, describing it as a ...
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Oil
NEWSLETTER OIL & GAS

Oil prices fell on Monday on global growth concerns after U.S. President Donald Trump last week threatened China with more tariffs, which could limit crude demand from the ...
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NNPC Expands Trade Relations with Turkey
COVER OIL & GAS

The Nigerian National Petroleum Corporation (NNPC) has expressed its desire to extend Nigeria’s trade relations with Turkey beyond crude oil. The Group Managing Director of NNPC, Malam Mele ...
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Nigeria Records $16 billion Chinese Investment
COVER NEWSLETTER OIL & GAS

Crude oil price dropped to around $63 per barrel Thursday, declining for the first time in six days after the United States Federal Reserve dampened hopes for a ...
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Seplat Petroleum Development Company Plc, a leading Nigerian indigenous oil and gas company listed on both the Nigerian Stock Exchange (NSE) and London Stock Exchange (LSE), has recorded ...
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Oil
NEWSLETTER OIL & GAS

Oil prices rose for a fifth day on Wednesday, supported by a drop in U.S. inventories and investor expectations that the U.S. Federal Reserve will lower borrowing costs ...
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Oil
NEWSLETTER OIL & GAS

Oil prices rose for a fourth day on Tuesday on optimism the U.S. Federal Reserve will this week cut interest rates for the first time in more than ...
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DPR
OIL & GAS

The Warri Zonal Office of the Department of Petroleum Resources (DPR) has sanctioned 11 petrol stations and two gas plants in Delta in two separate operations. The News ...
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