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OIL & GAS

OIL & GAS

Oil
OIL & GAS

Oil slipped on Wednesday, retreating from session peaks near a four-year high as top exporter Saudi Arabia said it increased output and after Reuters reported that Russia and ...
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gas flare
COVER OIL & GAS

The Federal Government has increased the gas flare penalty from N10 per thousand standard cubic feet of gas to $2 or N612.8 (at the official exchange rate of ...
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NNPC
COVER NEWSLETTER OIL & GAS

Nigerian crude market is still stuck with an overhang of close to 20 unsold cargoes from the 58-strong October loading programme. International oil traders disclosed to The Guardian ...
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Oil
COVER NEWSLETTER OIL & GAS

Oil prices steadied near their highest since November 2014 on Tuesday as markets braced for tighter supply once U.S. sanctions against Iran kick in next month. The international ...
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OIL & GAS TRANSPORT & LOGISTICS

Another fuel tanker explosion has been reported in Lagos Badagry Expressway on Tuesday morning. Casualty has not been ascertained, but unconfirmed reports say four tankers were involved in ...
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NNPC
COVER NEWSLETTER OIL & GAS

The Nigerian National Petroleum Corporation (NNPC) has announced a trading surplus of N18.12bn for May 2018, a performance which is relatively higher than the trading surplus of N17.16bn ...
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Oil
OIL & GAS Technology & Business

Iraq plans to have its newly restarted Qayara oil field in the north produce 60,000 bpd by the end of this year, targeting to gradually ramp up the ...
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LNG
COVER NEWSLETTER OIL & GAS

For the second quarter of 2018 alone, 165.71 million litres of Liquefied Petroleum Gas (LPG) were imported into the country, according to the National Bureau of Statistics (NBS). ...
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IMF
NEWSLETTER OIL & GAS

Saudi Arabia and other OPEC members have been discussing on the quiet a half-a-million-barrel increase in their combined oil production to keep a lid on oil prices, unnamed ...
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OPEC
COVER NEWSLETTER OIL & GAS

Saudi Arabia and other OPEC members have been discussing on the quiet a half-a-million-barrel increase in their combined oil production to keep a lid on oil prices, unnamed ...
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Nexen
NEWSLETTER OIL & GAS

Chinese energy company Nexen, a unit of CNOOC, is preparing to pull out of the United States amid rising trade tensions, Reuters reports, citing three unnamed sources with ...
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Oil
COVER OIL & GAS

Oil prices rose by nearly 1 percent on Thursday, driven by the prospect of a shortfall in global supply once U.S. sanctions against major crude exporter Iran come ...
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Oil
COVER NEWSLETTER OIL & GAS

Oil prices eased on Wednesday after U.S. data showed a surprise build in domestic crude inventories, but an impending drop in Iranian exports kept Brent futures above $80 ...
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US crude oil
COVER Foreign NEWSLETTER OIL & GAS

U.S. crude oil stockpiles rose last week as refineries sharply reduced output for seasonal maintenance, while gasoline stocks increased and distillate inventories fell, the Energy Information Administration said ...
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oil prices
NEWSLETTER OIL & GAS

OPEC will be looking to balance the oil market after crude oil prices hit their highest in four years, but the cartel’s options to manage the market could ...
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NNPC
COVER OIL & GAS

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has warned motorists and other consumers of petroleum products across the country not to ...
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Mr. Olukayode Pitan
COVER OIL & GAS

Following complaints in some quarters over tough conditions for accessing the $200 million Nigerian Content Intervention Fund (NCI Fund) by qualified oil and gas service companies, the Nigerian ...
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Oil
COVER NEWSLETTER OIL & GAS

Crude oil prices shot to a four-year high on Tuesday, catapulted by imminent U.S. sanctions on Iranian crude exports and the apparent reluctance of OPEC and Russia to ...
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Dangote Refinery
OIL & GAS SHIPPING & PORT SERVICES

The Dangote Oil Refinery jetty located at the Lekki Free Trade Zone, Lagos has received its first ever ship call. The ship named BBC Naples berthed at the ...
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Oil
OIL & GAS

Oil prices jumped more than 2 percent to a four-year high on Monday after Saudi Arabia and Russia ruled out any immediate increase in production despite calls by ...
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