OIL & GAS

OIL & GAS

Nigeria aims to boost oil production by 500,000 bpd by 2020
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Oil dropped towards $69 a barrel on Thursday, January 18, pressured by a reported rise in U.S. fuel stocks and expectations that OPEC-led efforts to boost prices by ...
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COVER NEWSLETTER OIL & GAS

Oil prices fell following early gains on Wednesday, January 17, but remained underpinned by tightening supply and strong global demand. Tighter fundamentals have lifted both crude futures benchmarks ...
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Oil
COVER NEWSLETTER OIL & GAS

Nigerian Petroleum Development Company, NPDC, the flagship upstream subsidiary of the Nigerian National Petroleum Corporation, NNPC, has increased its oil production as a result of the successful drilling ...
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Nigeria aims to boost oil production by 500,000 bpd by 2020
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Brent crude oil lost some of its recent gains by falling just over $1 a barrel on Tuesday, January 16, but healthy demand underpinned prices near $70, a ...
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Nigeria aims to boost oil production by 500,000 bpd by 2020
COVER NEWSLETTER OIL & GAS

Oil, on Monday, January 15, hovered below a three-year high near $70 a barrel on signs that production cuts by OPEC and Russia are tightening supplies, but analysts ...
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COVER NEWSLETTER OIL & GAS

Oil prices slumped on Friday, January 12, after hitting a three-year high the previous day, but the benchmarks remained on track for a fourth straight week of gains. ...
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COVER NEWSLETTER OIL & GAS

Oil prices pulled back from multi-year highs reached earlier in the day on Thursday, January 11, as warnings grew that a 13 percent rally since early December was ...
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the Bayelsa state government has commenced investigations into the Agip pipeline explosion in the state that claimed 14 lives
NEWSLETTER OIL & GAS

An explosion ruptured a major Nigerian gas pipeline on Thursday, January 11,  the state oil firm said in a statement, days after the same line was repaired following ...
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Nigeria aims to boost oil production by 500,000 bpd by 2020
NEWSLETTER OIL & GAS

The Federal government has recorded $22 per barrel extra above its 2018 budget benchmark, as the crude oil price crossed $69 per barrel on Wednesday, January 10. President Muhammadu ...
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COVER NEWSLETTER OIL & GAS

Oil prices hit their highest levels since 2014 on Wednesday, January 10, due to ongoing production cuts led by OPEC as well as healthy demand, although analysts cautioned ...
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COVER NEWSLETTER OIL & GAS

Leading indigenous Nigerian oil and gas exploration and production firm, Seplat Petroleum Development Company Plc, has announced a closed period for trading of its shares on the Nigerian ...
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COVER NEWSLETTER OIL & GAS

Oil soared further above $68 a barrel briefly on Tuesday, January 9, touching its highest since May 2015, supported by OPEC-led production cuts and expectations U.S. crude inventories ...
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COVER NEWSLETTER OIL & GAS

Oil prices were stable on Monday, January 8, buoyed by a slight decline in the number of U.S. rigs drilling for new production, with crude holding just below ...
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COVER NEWSLETTER OIL & GAS

Oil prices slumped on Friday, January 5, dropping from highs last seen in 2015, as soaring U.S. production undermined a 10 percent rally from December lows that was ...
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Nigeria aims to boost oil production by 500,000 bpd by 2020
COVER NEWSLETTER OIL & GAS

The Organization of the Petroleum Exporting Countries, OPEC, deepened compliance with an oil supply-cutting deal in December due to a further decline in Venezuelan output and extra cuts ...
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COVER NEWSLETTER OIL & GAS

Oil prices held steady on Wednesday, December 4, near mid-2015 highs reached the previous session as high output in the United States and Russia balanced tensions from a ...
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Oil
NEWSLETTER OIL & GAS

The Nigerian National Petroleum Corporation, NNPC, in the month of September 2017, distributed and sold about 1.3 billion litres of petroleum products throughout the country. This figure was ...
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Oil prices slumps on Tuesday, December 2, after hitting mid-2015 highs in early trading, as major pipelines in Libya and the UK restarted and U.S production soared to ...
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NEWSLETTER OIL & GAS

Oil continued its revival from the biggest crash in a generation, with prices set for a second annual gain after a year marked by hurricanes, Middle East conflict ...
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Nigeria aims to boost oil production by 500,000 bpd by 2020
COVER NEWSLETTER OIL & GAS

In international markets, Brent crude oil futures also rose,on Friday, December 29,  supported by ongoing supply cuts by top producers OPEC and Russia as well as strong demand ...
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