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OIL & GAS

OIL & GAS

Oil
NEWSLETTER OIL & GAS

Oil traded near a seven-week high as supply risks from a storm in the Gulf of Mexico and falling U.S. stockpiles were countered by a weak market outlook ...
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OPEC
NEWSLETTER OIL & GAS

OPEC on Thursday forecast world demand for its crude will decline next year as rivals pump more, pointing to the return of a surplus despite an OPEC-led pact ...
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NNPC
OIL & GAS

The Nigerian National Petroleum Corporation (NNPC) has advised motorists and other petroleum products consumers to disregard trending rumour of a planned hike in the pump price of Premium ...
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Nigeria Pledges to Stick to Agreed OPEC Output
COVER NEWSLETTER OIL & GAS

Senate moves to protect indigenous airlines, probes unfair competition Nigerian National Petroleum Corporation (NNPC) has hinted that pump price of premium motor spirit (PMS) may be increased soon, ...
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oil
NEWSLETTER OIL & GAS

Oil prices jumped 3% on Wednesday after U.S. crude inventories shrank more than expected and as major producers evacuated rigs in the Gulf of Mexico ahead of an ...
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DAPPMA
COVER OIL & GAS

The Depot and Petroleum Products Marketers Association (DAPPMA) has said that no member of the association has accessed foreign exchange at N305/USD$1 since October 2017. This is coming ...
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Nigeria Pledges to Stick to Agreed OPEC Output
COVER NEWSLETTER OIL & GAS

Nigerian National Petroleum Corporation (NNPC) Group Managing Director, Mr. Mele Kyari, yesterday expressed the readiness of the oil corporation to work with the Economic and Financial Crimes Commission ...
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Oil
NEWSLETTER OIL & GAS

Oil edged further above $64 a barrel on Tuesday as OPEC supply cuts and Middle East tensions countered the U.S.-China trade dispute that has been dragging down the ...
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Crude Oil
OIL & GAS

It was highly secretive operation which explained the number of gun-toting personnel of the Nigerian Navy (NN). If those were well armed, then the operatives of the Special ...
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NNPC
COVER NEWSLETTER OIL & GAS

The new Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mr Mele Kyari said the national oil company under his watch targets to have 40 billion ...
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Oil
NEWSLETTER OIL & GAS

Oil prices firmed on Monday amid tensions over Iran’s nuclear programme but gains were tempered by concerns about global economic growth and consequently oil demand. Brent crude futures ...
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DPR
OIL & GAS

The Department of Petroleum Resources (DPR) in Ibadan said on Monday that it closed down 17 illegal LPG outlets in Ibadan and issued warning to nine filling plants ...
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Oil
NEWSLETTER OIL & GAS

Brent oil ticked higher on Friday, supported by tensions over Iran and the decision by OPEC and its allies to extend a supply cut deal until next year, ...
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Conoil
BUSINESS & ECONOMY OIL & GAS

Nearly 48 hours after it was suspended by the Nigerian Stock Exchange (NSE), the board of Conoil Plc has released the audited financial statements for the year ended ...
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Oil
NEWSLETTER OIL & GAS

Oil prices fell on Thursday, weighed down by data showing a smaller-than-expected draw on U.S. crude stockpiles along with worries about the global economy. Front-month Brent crude futures ...
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NNPC
COVER OIL & GAS

Barely two years after the Nigerian National Petroleum Corporation (NNPC) signed a Cash-call Repayment Agreement with its Joint Venture partners to defray cash-call arrears within a period of ...
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Nestoil
OIL & GAS

Dr Ernest Azudialu-Obiejesi, the Group Managing Director of Nestoil Group, has called on the Federal Government to allow market forces to determine the cost of gas to encourage ...
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Aiteo
COVER OIL & GAS

The Managing Director, Aiteo Eastern Exploration and Production Company, Mr. Victor Okoronkwo,  believes that building a good relationship with the host communities is critical to securing the company’s ...
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NNPC
OIL & GAS

The Nigerian National Petroleum Corporation (NNPC), yesterday, defended its role in the importation of Premium Motor Spirit (PMS), otherwise known as petrol, noting that its intervention has helped ...
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COVER OIL & GAS

Men of the Lagos State and federal fire services are currently battling to put out a raging fire that started during the night in Ijegun in Lagos. Eyewitnesses told ...
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