OIL & GAS

OIL & GAS

OPEC
COVER NEWSLETTER OIL & GAS

The Organisation of Petroleum Exporting Countries (OPEC) yesterday in Vienna, Austria agreed to reduce its output target by 500,000 barrels a day. At the 7th OPEC and non-OPEC ...
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Saudi Aramco
INTERNATIONAL OIL & GAS

Saudi Arabia’s state-controlled oil firm, Aramco has raised $25.6 billion in the largest Initial Public Offering (IPO) ever, putting the value of the company at $1.7 trillion, higher than Apple ...
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Pipeline Explosion
COVER NEWSLETTER OIL & GAS

A pipeline explosion has occurred occurred in a Lagos community. The explosion occurred near Gloryland Estate, Isheri Olofin, Egbe-Idimu Local Council Development Area of Lagos. A video shared by ...
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Seplat
COVER NEWSLETTER OIL & GAS

Shareholders of Eland Oil and Gas Plc have given overwhelming backing to the £382 million takeover of the company by indigenous oil and gas producer, Seplat Petroleum Development ...
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Buhari
COVER NEWSLETTER OIL & GAS

President Muhammadu Buhari says domestic fuel consumption in Nigeria has dropped by 30 percent since his administration took the decision to close all land borders. Receiving a delegation ...
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NEITI
COVER NEWSLETTER OIL & GAS

Says NNPC deducted N141bn in 2017 for fuel subsidy Nigeria has significantly reduced the accumulated debt it owes International Oil Companies (IOCs) for cash-call for oil and gas ...
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Dangote Refinery
COVER NEWSLETTER OIL & GAS

The world’s largest crude distillation column equipment designed for crude oil processing for Dangote Refinery yesterday arrived in Lagos. The equipment is the largest in terms of distilling ...
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Buhari
COVER OIL & GAS

President Muhammadu Buhari says the Federal Government will soon commence the construction of the 600-kilometre Ajaokuta-Kaduna-Kano gas pipeline. Addressing the 5th Gas Exporting Countries Forum (GECF) Summit on ...
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Buhari
COVER OIL & GAS

President Muhammadu Buhari has arrived Malabo Equatorial Guinea for the  5th  gas summit of the Gas Exporting Countries Forum (GECF). Malam Garba Shehu, the Senior Special Assistant to ...
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Chevron
COVER NEWSLETTER OIL & GAS

Chevron Nigeria Limited has launched the sale of its stakes in two Nigerian offshore oil and gas blocks, a sale document seen by Reuters shows, as the company ...
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NEITI
COVER NEWSLETTER OIL & GAS

The Nigeria Extractive Industries Transparency Initiative (NEITI) Wednesday put Nigeria’s total earning from oil in 2017 at $21 billion. The amount is 23 percent higher than what the ...
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NNPC
COVER NEWSLETTER OIL & GAS

The Nigerian National Petroleum Corporation (NNPC), China Petroleum Pipeline Engineering Company Limited (CPPECL) and Brantex Consortium, have concluded plans for the commencement of work on the Abuja-Kaduna-Kano Pipeline ...
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NEWSLETTER OIL & GAS

The Federal Government’s plan to ban consumer ownership of Liquefied Petroleum Gas (LPG) cylinders is aimed at enhancing safety and deepening cooking gas penetration in the country, an ...
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MTN Nigeria
COVER NEWSLETTER OIL & GAS

The Attorney-General of the Federation and Minister of Justice, Mr. Abubakar Malami SAN, has asked international oil companies (IOCs) to settle their unpaid arrears of approximately $62.1 billion ...
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Asharami Energy
OIL & GAS

Continuing investment in technology and how smartly it is deployed will be crucial to optimizing opportunities in oil and gas exploration in Africa, the Managing Director, Asharami Energy, ...
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Crude Oil Prices
COVER NEWSLETTER OIL & GAS

Oil prices were steady on Tuesday, hanging onto gains from the previous session, after comments from the United States and China kept alive hopes that the world’s two ...
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Total E&P Nigeria
COVER NEWSLETTER OIL & GAS

The Managing Director, Total E&P Nigeria/ Country Chair, Total Companies in Nigeria, Mr. Mike Sangster, has stated that the oil major is deeply committed to the Nigerian Gas ...
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Crude Oil Prices
COVER OIL & GAS

Oil prices edged lower on Thursday as fresh tensions between the United States and China over ongoing protests in Hong Kong fueled concern that a long hoped-for deal ...
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Seplat
OIL & GAS

Seplat Petroleum Development Company PLC (“SEPLAT”) has announced that her pioneer Managing Director and later CEO, Mr. Austin Avuru will be retiring in July 2020 after 10 years of ...
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PPPRA
COVER NEWSLETTER OIL & GAS

The Petroleum Products Pricing Regulatory Agency (PPPRA) said that the current open price market of the Premium Motor Spirit (PMS) also known as Petrol as at Nov. 15 ...
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