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OIL & GAS

OIL & GAS

Chevron
OIL & GAS

Chevron announced Friday it had agreed to acquire all outstanding shares of Anadarko Petroleum Corporation in a stock and cash transaction valued at $33 billion, or $65 per ...
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Gas flare site
OIL & GAS

No fewer than 800 companies have bidded for management of 176 gas flare sites in the country, the Minister of State for Petroleum Resources, Dr Ibe Kachikwu, has ...
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NNPC Admits
COVER NEWSLETTER OIL & GAS

The Nigerian National Petroleum Corporation (NNPC) has assured the public of adequate supply of petroleum products during the Easter celebration. The Group Managing Director of the corporation, Mr ...
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COVER NEWSLETTER OIL & GAS

W’Bank says poverty worsening in the country The Managing Director, International Monetary Fund (IMF), Mrs. Christine Lagarde, has advised the Nigerian government to jettison spending on fuel subsidy ...
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Oil
NEWSLETTER OIL & GAS

Rising U.S. crude stocks dragged oil lower on Thursday but prices continued to find a floor as OPEC-led cuts and freefalling Venezuelan output tightened global supplies. International benchmark ...
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Oil
NEWSLETTER OIL & GAS

Oil prices rose on Wednesday after U.S. data showing a hefty drawdown in gasoline stocks overshadowed crude inventories rising to their highest levels in more than a year, ...
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COVER NEWSLETTER OIL & GAS

Oil sector productivity declined despite healthy prices A World Bank report called the “Nigeria Biannual Economic Update” for 2018, which was released on Monday  reveals that Nigeria spent ...
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Oil
NEWSLETTER OIL & GAS

Oil slipped from a five-month high above $71 a barrel on Tuesday as Russian comments signalling the possible easing of a supply-cutting deal with OPEC countered concern that ...
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Oil
NEWSLETTER OIL & GAS

Oil prices rose to their highest since November on Monday, driven by OPEC supply cuts, U.S. sanctions against Iran and Venezuela and fighting in Libya as well as ...
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Dangote
OIL & GAS

The crude oil refinery being built by Dangote Industries Limited, according to the International Monetary Fund (IMF) will increase Nigeria’s trade balance by $2bn per year when completed. ...
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Petroleum Industry Bill (PIB)
COVER NEWSLETTER OIL & GAS

The Kaduna Refining and Petrochemical Company, one of the country’s crude oil refineries that is run by the Nigerian National Petroleum Corporation (NNPC), is one of the highest ...
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Shell
COVER NEWSLETTER OIL & GAS

To power over 1.2 million homes with Ohaji gas project The Shell Petroleum Development Company (SPDC) yesterday said that it would be expending about $15 billion across 24 ...
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COVER NEWSLETTER OIL & GAS

The National Bureau of Statistics (NBS) on Friday said that 5.32 billion litres of petrol were imported into the country in the fourth quarter of 2018. The NBS ...
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COVER OIL & GAS

The Ondo State government has signed a memorandum of Understanding with the Liquid Waste Energy Limited on the construction and management of a Modular Refinery worth over 500 million Dollars. ...
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Oil
NEWSLETTER OIL & GAS

Brent oil prices resumed their climb toward $70 per barrel on Thursday as expectations of tight global supply outweighed pressure from rising U.S. inventories and production. International benchmark ...
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Kachikwu
NEWSLETTER OIL & GAS

The OPEC+ deal to curb oil production probably will be extended, “hopefully for another six months” beyond the end of June, Nigeria’s oil minister Emmanuel Kachikwu said. The ...
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Oil
NEWSLETTER OIL & GAS

Oil prices were little changed on Wednesday even after U.S. government data showed a surprise increase in crude inventories, as OPEC-led output cuts and U.S. sanctions kept the ...
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Oando
OIL & GAS

Nigerian oil company Oando aims to raise fresh capital over the next two years and repay debt used to acquire Conoco Phillips’ Nigerian assets, its chief executive Adewale ...
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Ghana
OIL & GAS POWER & ENERGY

The intermittent power cuts faced in some parts of Ghana is due to engineering works on pipelines transporting gas between Ghana and Nigeria, Bloomberg has reported, citing Chief ...
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Exxon
COVER NEWSLETTER OIL & GAS

Shell pays $6.397bn to Nigeria At six-month peak, oil prices near $70 per barrel United States energy giant, ExxonMobil, has held talks on the sale of some oil ...
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