OIL & GAS

OIL & GAS

COVER NEWSLETTER OIL & GAS

Oil producers are working to build consensus on extending their deal to reduce supplies, OPEC’s secretary general said on Thursday, with the potential for continuation throughout 2018 forming ...
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Nigeria aims to boost oil production by 500,000 bpd by 2020
COVER NEWSLETTER OIL & GAS

Oil prices were stable on Thursday, October 19, buoyed by ongoing OPEC-led supply cuts, tensions in the Middle East and lower U.S. production due to hurricane-enforced closures. Brent ...
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Nigeria aims to boost oil production by 500,000 bpd by 2020
COVER NEWSLETTER OIL & GAS

Oil prices soared on Wednesday, October 18, lifted by a fall in U.S. crude inventories and concerns that tensions in the Middle East could disrupt supplies. Brent crude ...
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Nigeria aims to boost oil production by 500,000 bpd by 2020
COVER NEWSLETTER OIL & GAS

Oil prices,on Tuesday,October 17, clung to this month’s high after Iraqi forces seized the oil-rich city of Kirkuk from largely autonomous Kurdish fighters while Asian shares held firm ...
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Nigeria aims to boost oil production by 500,000 bpd by 2020
COVER NEWSLETTER OIL & GAS

Oil markets jumped on Monday on concerns over potential renewed U.S. sanctions against Iran as well as conflict in Iraq, while an explosion at a U.S. oil rig ...
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COVER NEWSLETTER OIL & GAS

Oil prices climbed on Friday, October 13, as both U.S. crude production and inventories declined, pointing towards a tightening market. Strong Chinese oil import data also supported crude prices, ...
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UN
NEWSLETTER OIL & GAS

The Nigerian National Petroleum Corporation, NNPC, has indefinitely shut down two of the nation’s three refineries following a surge in their operation costs and several maintenance interventions. A ...
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COVER NEWSLETTER OIL & GAS

Oil prices crumbled on Thursday, October 12, as U.S. fuel inventories rose despite efforts by OPEC to cut production. Brent crude oil was down 20 cents at $56.74 ...
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NEWSLETTER OIL & GAS

In its Corporate Social Responsibility drive, Chevron Nigeria Limited has disclosed that it has spent about $100m on Deep Water Social intervention projects and about N7.5bn on educational ...
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Oil
NEWSLETTER OIL & GAS

An extra 10 to 12 oil-producing countries have been invited to join an Organization of the Petroleum Exporting Countries, OPEC-led output cut aimed at getting rid of a ...
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COVER NEWSLETTER OIL & GAS

Oil prices on Wednesday, October 11, soared for a third day, on signs that markets are gradually tightening after years of oversupply, although the outlook for 2018 remained ...
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Oil
COVER NEWSLETTER OIL & GAS

Oil prices moved higher on Tuesday, October 10, as OPEC said there were clear signs the market was rebalancing and as U.S. production remained offline following Hurricane Nate. ...
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UN
NEWSLETTER OIL & GAS

Oil major Chevron Corp will invest around $4 billion to ramp up its crude production in the Permian Basin area of the United States next year, a company ...
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COVER NEWSLETTER OIL & GAS

Strong oil demand growth in emerging economies led by China and India, but also from Europe, is drawing down oil stockpiles faster than expected, putting the global market ...
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COVER NEWSLETTER OIL & GAS

Oil prices steadied on Monday, October 9, after one of the most bearish weeks in months, propped up by OPEC comments signaling the group and other producers may ...
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Oil
NEWSLETTER OIL & GAS

Eterna Oil Plc has invested over N3 billion to further expand its lubricant oil plants operations to promote local content drive in oil and gas sector in Nigeria. ...
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COVER NEWSLETTER OIL & GAS

Oil traded unchanged on Friday, October 6, after a week of profit-taking and the return of oversupply concerns led the market lower, snapping a multi-week bull run that ...
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Oil
COVER NEWSLETTER OIL & GAS

China’s crude loadings from West African crude are set to drop by roughly 12 percent in October, from a record level the previous month, as expensive Brent prices ...
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COVER NEWSLETTER OIL & GAS

The proposed rehabilitation of the nation’s refineries will cost the Nigerian National Petroleum Corporation, NNPC, a whooping $1 billion, it was learnt The NNPC Group Managing Director, Dr. ...
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Oil
OIL & GAS

African countries that have for decades depended on their national oil company as a key source of revenue will need to rethink business models and strategies to avoid ...
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