OIL & GAS

OIL & GAS

Crude Oil
COVER NEWSLETTER OIL & GAS

Oil prices fell on Thursday after U.S. President Donald Trump sent a strident tweet demanding that OPEC cut prices for crude. The escalating trade row between Washington and ...
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Gas pipeline
NEWSLETTER OIL & GAS

The Federal Executive Council (FEC) on Wednesday approved a contract for consultancy service for the construction of a gas pipeline at the cost of $92 million. The Minister ...
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IOCs
NEWSLETTER OIL & GAS

The International Oil Companies (IOCs) operating in Nigeria’s oil industry have commended the Nigerian National Petroleum Corporation (NNPC) on the payment of all the Joint Venture (JV) cash ...
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Latin American Nations Vye for Funds in the Surge of Oil Auctions
COVER NEWSLETTER OIL & GAS

Crude prices fell on Tuesday in volatile trading after early gains had lifted the U.S. benchmark past $75 a barrel for the first time in more than three ...
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Crude Oil Reserves
COVER NEWSLETTER OIL & GAS

The Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru, says the corporation would increase the country’s crude oil reserves by one billion barrels yearly ...
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COVER NEWSLETTER OIL & GAS

Despite gulping about N149.4billion since inception, the search for commercial oil (profitable enough to offset costs) in Nigeria’s new frontier basins remained thin, as the Bida Basin, Niger ...
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DNA
INTERNATIONAL NEWSLETTER OIL & GAS

After a weekend of turmoil, largely caused by President Trump’s twitter diplomacy, the international oil cartel could soon be facing a new crisis. As previously reported, Saudi Arabia ...
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COVER NEWSLETTER OIL & GAS

Recently, the media was awash with reports that Nigeria is the only member country in the Organisation of Petroleum Exporting Countries (OPEC) that still imports petrol. The country ...
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OIL & GAS SOCIETY

A massive explosion has rocked Ilara area near Ogijo in Ogun State after a vandalised pipeline exploded, THISDAY has exclusively gathered. The explosion occured at about 10pm on Sunday  and ...
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NEWSLETTER OIL & GAS

Oil prices fell by more than 1 percent on Monday as supplies from top exporter Saudi Arabia rose and as signs of an economic slowdown in Asia dented ...
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NNPC
NEWSLETTER OIL & GAS

‘Pact to generate $1.32 billion in net cash flows’ NEITI discloses recoverable revenues hit N7.2tr The Nigerian National Petroleum Corporation (NNPC) has said that a new financing and ...
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Oil
NEWSLETTER OIL & GAS

U.S. crude stocks slumped by nearly 10 million barrels last week as refineries hiked output, while gasoline and distillate inventories rose, the Energy Information Administration, EIA, said. Crude ...
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COVER NEWSLETTER OIL & GAS

Oil prices steadied on Thursday, June 28,  with U.S. crude pulling back from 3-1/2-year highs, but supply remained tight with investors concerned by the prospect of a big ...
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NEWSLETTER OIL & GAS SOCIETY VIDEOS

A fuel-laden tanker has exploded along the Otedola Bridge axis of Berger in Lagos with the blaze engulfing at least 30 other vehicles. The tanker was heading out ...
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Latin American Nations Vye for Funds in the Surge of Oil Auctions
INTERNATIONAL NEWSLETTER OIL & GAS

Removing Iranian oil from the global market by November as called for by the United States is impossible, an Iranian oil official told the semi-official Tasnim news agency ...
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COVER NEWSLETTER OIL & GAS

Oil prices leaped on Wednesday , June 27, on a supply disruption in Canada, falling U.S. crude stocks, uncertainty over Libyan exports and after U.S. officials told importers ...
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JOBS OIL & GAS

Drilldeep Oil and Gas Company Limited was incorporated as an oil and gas exploration and production company with focus on west Africa and the gulf of Guinea as ...
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NEWSLETTER OIL & GAS

Iran’s oil minister said that OPEC’s oil output agreement did not specify a production increase and that a figure of 800,000 barrels per day (bpd) was an interpretation ...
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Crude Oil
COVER NEWSLETTER OIL & GAS

Oil prices jumped on Tuesday, June 26, driven by Canadian production losses and uncertainty over Libyan exports, but under pressure from climbing OPEC supply and intensifying trade conflicts ...
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Crude Oil
COVER NEWSLETTER OIL & GAS

Brent crude oil dropped 1 percent on Monday, June 25, as investors prepared for an extra 1 million barrels per day (bpd) in output to hit the markets ...
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