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OIL & GAS

OIL & GAS

forte Oil
COVER NEWSLETTER OIL & GAS

Oil and gas businessman, Femi Otedola, said on Wednesday that he had concluded the sale of Forte Oil Plc. Last year, Otedola, who was chairman of the oil ...
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Oil
NEWSLETTER OIL & GAS

U.S official data released Wednesday showed a larger-than-expected fall in U.S. crude inventories, sparking a turnaround in oil prices. The Energy Information Administration (EIA) said in its regular ...
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forte Oil
OIL & GAS

Business mogul, Femi Otedola, has sold off his 75 per cent stake in Forte Oil. The billionaire businessman hinted in 2018 the plan to sell off his 75 ...
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DPR
COVER NEWSLETTER OIL & GAS

Commence Pre-Qualification and evaluation of over 254 companies Following the federal government moves to utilize 80 per cent of gas being flared in other to prevent air pollution ...
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Oil
NEWSLETTER OIL & GAS

Oil prices rose sharply on Tuesday after U.S. President Donald Trump said he would hold an extensive meeting with Chinese President Xi Jinping at the G20 summit later ...
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Cooking Gas
COVER NEWSLETTER OIL & GAS

The National Bureau of Statistics (NBS) said that the average cost of refilling a five kilogramme (kg) cylinder of Liquefied Petroleum Gas (Cooking Gas) dropped to N2,028.04 in ...
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Oil
NEWSLETTER OIL & GAS

Oil prices slipped more than 1% on Monday as signs of an economic slowdown amid international trade disputes began to outweigh supply fears stoked by attacks on oil ...
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OPEC
COVER OIL & GAS

The nation’s crude oil reserves dropped by 481 million barrels to 36.972 billion barrels in 2018, according to a news report by the Organisation of Petroleum Exporting Countries. ...
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Neconde Energy
COVER NEWS CLIPS OIL & GAS

A consortium of seven local and international lenders has signed an agreement to refinance Neconde Energy Limited’s Senior Secured Medium-Term Loan Facility Agreement, worth $640 million (N2.3trillion). The ...
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Chevron
COVER NEWSLETTER OIL & GAS

Chevron Nigeria Limited (CNL) said yesterday that it had in partnership with its Joint Venture Partners completed about 219 projects through the company’s Global Memorandum of Understanding (GMoU) ...
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Oil
NEWSLETTER OIL & GAS

Oil prices jumped more than 4% on Thursday after a suspected attack on two tankers in the Gulf of Oman near Iran and the Strait of Hormuz, through ...
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NNPC
COVER OIL & GAS

The Nigerian National Petroleum Corporation (NNPC) has recorded a $1.6 bilion savings from the arbitration between its flagship Upstream subsidiary, the Nigerian Petroleum Development Company (NPDC), and the ...
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Crude Oil
COVER NEWSLETTER OIL & GAS

The fundamentals of the 2019 budget are under threat as crude oil price slumped again yesterday to flatten at $60 per barrel, the same benchmark on which the ...
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NEWSLETTER OIL & GAS

The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has lauded President Muhammadu Buhari for signing Executive Order 5 with the intent to improve local content in ...
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Oil
NEWSLETTER OIL & GAS

Oil prices steadied on Monday as major producers Saudi Arabia and Russia had yet to agree on extending an output-cutting deal and U.S.-China trade tensions continued to threaten ...
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FSDH
BANKING & FINANCE OIL & GAS

There are more compelling reasons now than before for the Federal Government to remove the petroleum subsidy, and channel the money into some other social intervention programmes of ...
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Oando
OIL & GAS

The Securities and Exchange Commission (SEC) has suspended till further notice the Annual General Meeting (AGM) of Oando Plc scheduled to hold on Tuesday. The Commission made this ...
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NNPC
COVER NEWSLETTER OIL & GAS

The Nigerian Gas Marketing Company (NGMC), a subsidiary of the Nigerian National Petroleum Corporation (NNPC), has announced a profit after tax of N12,476,685,000.00 (twelve billion, four hundred and ...
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Tema Oil
INTERNATIONAL NEWSLETTER OIL & GAS

An Energy Expert and Former Chief Executive of the Ghana National Petroleum Corporation (GNPC) has called on the management of Tema Oil Refinery (TOR) to address its operational ...
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Oil
NEWSLETTER OIL & GAS

Oil prices rose on Friday, climbing further from five-month lows hit this week amid signs that OPEC and other producers could extend their output reduction deal. Brent crude ...
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