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OIL & GAS

OIL & GAS

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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oan Support for Health Laboratories
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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Naira Devaluation
COVER NEWSLETTER OIL & GAS

Barely two days after the Central Bank of Nigeria rolled out some policy measures to help curtail the adverse economic effects of the coronavirus pandemic in the global economy, the ...
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Lagos Explosion
COVER NEWSLETTER OIL & GAS

The Senate yesterday ordered an immediate investigation into the explosion that rocked Abule Osho in Amuwo Odofin Local Government Area of Lagos State on Sunday. It directed three ...
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Drop in Oil Revenue
COVER NEWSLETTER OIL & GAS

Nigeria and other developing countries that rely heavily on oil revenue are set to witness a decline as their income from oil and gas is projected to fall ...
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Dangote
COVER NEWSLETTER OIL & GAS VIDEOS

Employees of the Dangote Oil Refinery Company in Ibeju-Lekki, Lagos are currently in varying degrees of panic as a leaked internal email yesterday indicated that the company is ...
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Crude Oil Price
COVER NEWSLETTER OIL & GAS

Oil prices slumped further on Monday to $30, it  lowest in four years. Price of the Brent crude dropped by 10% to $30.49 per barrel, about $4 less than ...
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Crude Oil Price
COVER NEWSLETTER OIL & GAS

Oil sustains above $27.50 area may recover higher soon. After a weekly close near $32.50 area, XTI maintains the price above $27.50 on Monday.  Oil sustains above $27.50 area ...
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Pipeline Explosion
COVER NEWSLETTER OIL & GAS

The NNPC has said the explosion occurred after a truck hit some gas cylinders stacked in a gas processing plant located near the corporation’s system 2B Pipeline Right ...
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Coronavirus
COVER NEWSLETTER OIL & GAS

Earning likely to drop from $38.9 billion to $14bn The raging Coronavirus, otherwise known as Covid-19, may cause Nigeria’s total revenue from crude oil export in 2020 to ...
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Crude Oil
COVER NEWSLETTER OIL & GAS

Mele Kyari, the group managing director of the Nigerian National Petroleum Corporation (NNPC), says Nigeria would be out of business if the price of crude oil drops as ...
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NNPC
COVER NEWSLETTER OIL & GAS

As part of his plan to breathe new life into the Nigerian National Petroleum Corporation (NNPC), the Group Managing Director, Mr. Mele Kyari has directed 36 top management ...
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Crude Oil Price
COVER NEWSLETTER OIL & GAS

Crude oil price moved by around eight percent yesterday, a day after the biggest rout in nearly 30 years as investors eyed the possibility of economic stimulus and ...
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Crude Oil Price
COVER NEWSLETTER OIL & GAS

Stock market falls as bond yields rise The federal government yesterday raised a committee to cut the size of the N10.59 trillion 2020 budget, which is under threat ...
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Crude Oil
COVER NEWSLETTER OIL & GAS

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has stated that petrol would become cheaper and more environment-friendly in Nigeria once the ...
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Dangote to Reduce Gas Flaring
COVER NEWSLETTER OIL & GAS

Dangote Industries Limited has disclosed that significant gas supply would be unlocked by its subsea gas pipeline project, as Dangote’s multibillion-dollar project nears completion. The company stated that ...
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Crude Oil
COVER NEWSLETTER OIL & GAS

Oil prices plummeted around 30% on Monday, with U.S. oil heading for its biggest loss on record after Saudi Arabia slashed prices and set plans for a dramatic ...
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