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OIL & GAS

OIL & GAS

Eni
OIL & GAS

Eni has made the fifth oil discovery in one year in Block 15/06, in Angola’s deep offshore. The well has been drilled on the Agidigbo exploration prospect, and ...
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DPR
OIL & GAS

The Department of Petroleum Resources (DPR) has revoked the oil mining licences, OML, granted five companies. DPR also revoked one oil prospecting licences, OPL. The revocation of oil ...
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Oando
COVER NEWSLETTER OIL & GAS

SEC executives meet today over court order, plan next move As the executive management of the Securities and Exchange Commission (SEC) meets today to decide the way forward ...
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Lagos State 2019 Budget
COVER OIL & GAS POLITICS & GOVERNMENT

The Lagos State Governor, Mr Babajide Sanwo-Olu has signed the 2019 Appropriation Bill into law. The bill with a total budget of N873,532,460,725 is a 55% capital expenditure and 45%recurrent expenditure. Out of ...
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Oando
COVER NEWSLETTER OIL & GAS

Police lay siege to company’s headquarters Share price drops The swirling crisis rocking Oando Plc took a new dimension yesterday as the Federal High Court sitting in Lagos, ...
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Oil
NEWSLETTER OIL & GAS

Oil prices steadied on Monday, supported by Saudi Arabia’s comments indicating OPEC and its allies would continue to tighten the crude market following deep losses last week. Concerns ...
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NNPC
COVER OIL & GAS

The Nigerian National Petroleum Corporation (NNPC) has conducted Computer Based Test (CBT) for about 60,000 candidates in 94 centres who applied for various vacant positions in the corporation. Chief ...
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Oando
COVER NEWSLETTER OIL & GAS

SEC fines directors N417.692m Oil coy calls for withdrawal of penalties, demands forensic audit report, fair hearing The directive by the Securities and Exchange Commission (SEC) that the ...
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SEC
COVER OIL & GAS

Slams 5-year ban on CEO, deputy    Company’s board also fired by regulator, Extra-Ordinary General Meeting summoned to appoint new directors  Oando: Alleged infractions, penalties, unsubstantiated, ultra vires, invalid The ...
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Oil
NEWSLETTER OIL & GAS

Oil was on track for its biggest monthly drop in six months on Friday as U.S. President Donald Trump ramped up trade tensions, weighing on the demand outlook. ...
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PENGASSAN
OIL & GAS

The President, Petroleum and Natural Gas Senior Staff Association of Nigeria, Mr. Francis Johnson, has died, newsmen can confirm. Johnson, it was learnt, died in the wee hours ...
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Senate
COVER NEWSLETTER OIL & GAS

Approves N129.048bn for payment of 67 oil marketers Holds valedictory session on June 6 Asks FG not to downgrade Enugu Airport Leader accuses wealthy Nigerians of buying court ...
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Shell
NEWSLETTER OIL & GAS

Royal Dutch Shell Plc is planning to acquire an oil-block stake in a second deal in South Africa’s relatively unexplored waters, months after a major discovery by Total ...
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Oil
NEWSLETTER OIL & GAS

Oil prices fell on Thursday on fears of a global economic slowdown due to a U.S.-China trade war but losses were capped by a tightening crude market and ...
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Crude Oil
COVER NEWSLETTER OIL & GAS

Crude oil prices dropped Wednesday to $69 per barrel, representing about two percent reduction over its previous prices. The prices of the different baskets of crude oil were ...
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Oil
NEWSLETTER OIL & GAS

Oil prices were mixed on Tuesday as prices were caught between concerns over global supply and fears that the U.S.-Chinese trade conflict will hurt demand. Brent crude fell ...
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Conoil
OIL & GAS

The management of Conoil Plc has appointed Mr. Ismail Salami as its new Acting Director of Finance. In a statement issued to the Nigerian Stock exchange (NSE), Conoil ...
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Oil
NEWSLETTER OIL & GAS

Oil rose to about $69 a barrel on Monday, supported by Middle East tensions and OPEC-led supply cuts, though concern over the U.S.-China trade dispute and global economy ...
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Oil
NEWSLETTER OIL & GAS

The oil market is expected to be in balance toward the end of 2019, as global inventories fall and demand remains strong, but OPEC’s job is not done ...
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Royal Dutch Shell
COVER NEWSLETTER OIL & GAS

The federal government has begun renegotiating Production Sharing Contracts (PSC) on deep offshore oil blocks with Royal Dutch Shell, the Minister of State for Petroleum Resources, Dr. Ibe ...
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