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OIL & GAS

OIL & GAS

Crude Oil Price
COVER NEWSLETTER OIL & GAS

The international prices of crude oil spiked yesterday, raising hopes in the country that Nigeria could meet its financial obligations to its citizens and fulfill its global commitments ...
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Crude Oil Prices
COVER NEWSLETTER OIL & GAS

Global oil prices have risen after Donald Trump said he expected Saudi Arabia and Russia to reach a deal soon to end their price war. The cost of ...
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IPMAN Rejects New Pump Price
COVER NEWSLETTER OIL & GAS

The Independent Petroleum Marketers Association (IPMAN) on Wednesday said its members will not comply with the new pump price adjustment until the old stock is exhausted. The Petroleum ...
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NDDC
COVER NEWSLETTER OIL & GAS

The Niger Delta Development Commission (NDDC) has announced the donation of N1.045 billion to the nine states of the Niger Delta region to fight against the spread of ...
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Crude Oil Price
COVER NEWSLETTER OIL & GAS

Crude oil Brent price closed the month dropping to $25 per barrel recording its largest monthly drop in decades. Nigeria’s Bonny Light performed worse, falling to as low as ...
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Petrol Price
COVER NEWSLETTER OIL & GAS

The Nigerian Government has approved the further reduction of Premium Motor Spirit (PMS) pump price to N123.50 per Litre. The Executive Secretary, Petroleum Products Pricing Regulatory Agency Abdulkadir ...
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NNPC
COVER NEWSLETTER OIL & GAS

Cautions against panic buying, hoarding The Nigerian National Petroleum Corporation (NNPC) has said that it has activated measures to guarantee seamless distribution of fuel across the country throughout ...
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Famfa Oil Donates ₦1 billion
COVID-19 News NEWSLETTER OIL & GAS

The Chairman and Vice-Chairman of Famfa Oil Limited, Modupe, and Folorunsho Alakija have donated N1billion to support the fight against COVID-19 in Nigeria. According to them, the donation ...
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il Firms to Reduce Offshore Workforce
COVER NEWSLETTER OIL & GAS

NNPC, DPR differ over Nigeria’s petrol stock The federal government has directed oil and gas companies to reduce the workforce on their offshore platforms in view of COVID-19 ...
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NNPC
COVID-19 News OIL & GAS

The Nigerian National Petroleum Corporation (NNPC) and 31 upstream oil and gas industry companies on Friday announced a $30 million (N11.4 billion) intervention fund to combat coronavirus in ...
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OPEC
COVER NEWSLETTER OIL & GAS

The Head of Russia’s Direct Investment Fund, Kirill Dmitr says a new deal from the Organisation of Petroleum Exporting Countries, OPEC to balance oil markets might be possible ...
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Seplat
COVER NEWSLETTER OIL & GAS

Seplat Petroleum Plc has posted a Profit before deferred tax of $270.3 million in its 2019 financial year-end, up by 13.4% from $238 million recorded in 2018. While Seplat ...
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Crude Oil Price
COVER NEWSLETTER OIL & GAS

After what seemed to be trend reversal last week to $28 per barrel, the price of crude oil, yesterday, tumbled with Nigeria’s premium grade, Bonny Light, trading at ...
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Seplat
COVER NEWSLETTER OIL & GAS

Seplat Petroleum is targeting cost reduction of at least 30 percent to counter a crash in crude prices, an executive of the company told Reuters yesterday. It Chief ...
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Filling Stations Selling PMS Above ₦125
COVER NEWSLETTER OIL & GAS

The Department of Petroleum Resources (DPR) in Katsina State has threatened to sanction any filling station found selling the product above the government regulated price of ₦125. The ...
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NNPC
COVER NEWSLETTER OIL & GAS

The Nigerian National Petroleum Corporation (NNPC) yesterday announced an increase in trading surplus of N5.28 billion in its December 2019 operations compared to the N3.95 billion posted in ...
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CBN
COVER NEWSLETTER OIL & GAS

Plans special naira, dollar intervention for health companies Total economic stimulus now N3.5trn The Central Bank of Nigeria (CBN) yesterday directed all oil companies in the country, both ...
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New Price of Petrol
COVER NEWSLETTER OIL & GAS

The Nigerian National Petroleum Corporation (NNPC) has called for patience on the part of fuel consumers over the implementation of the new fuel pump price, which from Wednesday ...
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NNPC
COVER NEWSLETTER OIL & GAS

The Nigerian National Petroleum Corporation (NNPC) Wednesday disclosed that it had officially reviewed the pump price of fuel to N125 per litre in all its retail stations. The ...
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Senate Suspends Plenary Until April 7
COVER NEWSLETTER OIL & GAS

The Federal Government has approved the reduction of the pump price of Premium Motor Spirit (PMS). While there are reports that the PMS price was reduced from N145 ...
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