OIL & GAS

OIL & GAS

MANUFACTURING OIL & GAS

Samsung Heavy Industries (SHI), says it has invested over 400 million dollars in the Nigerian oil and gas industry since the global shipbuilding giant was awarded the contract to ...
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Oil
NEWSLETTER OIL & GAS

Oil prices rose about 1 percent on Wednesday as U.S. crude stocks fell and official data indicated slowing growth in U.S. shale oil output in the coming years. ...
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OPEC
COVER OIL & GAS

The implementation of Nigeria’s 2019 budget is faced by a fresh threat as crude oil production adjustment agreed by member countries of the Organisation of Petroleum Exporting Countries ...
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DPR
OIL & GAS

The Director, Department of Petroleum Resources (DPR) yesterday disclosed that the organisation generated N1.3 trillion as revenue and additional 200 million dollars from legacy indebtedness in 2018. Ladan, ...
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Oil
NEWSLETTER OIL & GAS

Oil prices fell nearly 2 percent on Tuesday on signs that an economic slowdown in China is spreading, stoking concerns about global growth and fuel demand. The gloomy ...
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Oil
NEWSLETTER OIL & GAS

Oil prices edged lower on Monday, echoing a weaker tone on global stock markets after evidence that economic growth in China, the world’s second-largest crude consumer, eased in ...
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Oil
COVER NEWSLETTER OIL & GAS

A new report on the age-long crude oil theft in Nigeria has revealed how International Oil Companies (IOCs) in the Niger Delta region steal and siphon large volumes ...
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NNPC
COVER NEWSLETTER OIL & GAS

The Nigerian National Petroleum Corporation (NNPC) yesterday disclosed that it had so far paid $993.7 million of the negotiated $5.1 billion cash call debt it owed International Oil ...
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Oil
NEWSLETTER OIL & GAS

Oil prices rose on Friday after an OPEC report showed its production fell sharply last month, easing some concerns about prolonged oversupply. Brent crude LCOc1 was up 48 ...
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crude oil
COVER OIL & GAS

Oil prices fell on Thursday as U.S. crude production neared an unprecedented 12 million barrels per day (bpd) just as worries about weakening demand emerge. U.S. West Texas ...
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Atiku
NEWSLETTER OIL & GAS

Alhaji Atiku Abubakar, Presidential Candidate of PDP, has made clear again that he would privatise the Nigerian National Petroleum Corporation (NNPC) even if it cost him his life. ...
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Oil
NEWSLETTER OIL & GAS

Oil prices steadied on Wednesday after climbing about 3 percent in the previous session, with worries about the global economy and forecasts of swelling U.S. production dampening sentiment. ...
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NNPC
NEWSLETTER OIL & GAS

The Nigerian National Petroleum Corporation (NNPC) has raised an alarm on the increasing incidents of pipeline vandalism across the country. NNPC said that in October last year its ...
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Cooking gas
OIL & GAS

The National Bureau of Statistics (NBS) said the average cost of refilling a five kilogramme (kg) cylinder for Liquefied Petroleum Gas (Cooking Gas) decreased from N2,084.74 in N0vember ...
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MOB Integrated
OIL & GAS

Petroleum marketing company in Lagos, MOB Integrated Services Limited, is now the largest supplier of Liquefied Petroleum Gas (LPG) in West Africa, delivering over 25,000 metric tonnes (MT) ...
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NNPC
COVER NEWSLETTER OIL & GAS

The Nigerian National Petroleum Corporation (NNPC) yesterday said Nigeria earned $640.35million from the export of crude oil and gas for the month of October, last year. NNPC Monthly ...
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Oil
NEWSLETTER OIL & GAS

Oil prices rose more than 1 percent on Tuesday after tumbling the previous session, although a darkening economic outlook may soon weigh on growth in fuel demand. Brent ...
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Oil
NEWSLETTER OIL & GAS

Oil slipped to around $60 a barrel on Monday after data showed weakening imports and exports in China, the world’s second-largest oil consumer, raising the prospect of a ...
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COVER NEWSLETTER OIL & GAS

India’s booming growth is set to see it overtake China as the country with the world’s largest demand for oil by 2024, according to a recent report by ...
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Saudi Arabia
NEWSLETTER OIL & GAS

Saudi Energy Minister Khalid al-Falih told CNBC on Sunday that his country “will work with all interested producers who want to bring stability to the market … OPEC ...
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