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OIL & GAS

OIL & GAS

Oil
OIL & GAS

World oil demand will peak at 104.4 million barrels per day (bpd) in the mid-2030s, up from just below the current 100 million bpd. This will be as ...
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NNPC
COVER NEWSLETTER OIL & GAS

The Group Managing Director (GMD), NNPC, Dr Maikanti Baru, has urged oil workers to halt their planned strike over a labour dispute involving Chevron Nigeria Limited (CNL) management ...
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NNPC
COVER OIL & GAS

The Management of the Nigerian National Petroleum Corporation, NNPC on Friday said it does not run any opaque account with the commercial banks and there was neither $470.5m ...
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Oil
COVER NEWSLETTER OIL & GAS

Oil prices rose on Friday ahead of a meeting of OPEC and other large crude exporters that will focus on production increases as U.S. sanctions restrict Iranian exports. ...
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NNPC
NEWSLETTER OIL & GAS

The Nigerian National Petroleum Corporation (NNPC) on Thursday disclosed that it recorded a surplus of N17.16 billion from its oil and gas operations in April 2018. The corporation’s Group ...
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COVER NEWSLETTER OIL & GAS

The continuous rise in the price of Liquefied Petroleum Gas (LPG), otherwise called cooking gas in Nigeria, may continue for a while if challenges relating to foreign exchange, ...
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COVER NEWSLETTER OIL & GAS

The Nigerian Police Force announced today that it was able to trace $470.5million belonging to NNPC Brass LNG squirrelled away in some accounts in some commercial banks in ...
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COVER NEWSLETTER OIL & GAS

An Italian judge on Thursday sentenced two defendants to jail in the first leg of trials of the biggest graft scandal in the global oil industry: the Malabu ...
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Oil
COVER NEWSLETTER OIL & GAS

Oil prices steadied on Thursday after U.S. President Donald Trump called on OPEC to “get prices down now!”, slowing an upward surge that has pushed the market toward ...
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NEWSLETTER OIL & GAS SOCIETY

The Shell Petroleum Development Company (SPDC) says  no fewer than 610,000 people in Niger Delta have so far benefitted from its free health interventions in the past eight ...
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Royal Dutch Shell and Eni
OIL & GAS

NNPC urges expansion of pipeline infrastructure International oil companies, Shell and Eni, are carefully monitoring a first ruling this week by a Milan judge in one of the ...
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Oil
COVER NEWSLETTER OIL & GAS

Oil firmed on Tuesday on signs that OPEC would not be prepared to raise output to address shrinking supplies from Iran, and as Saudi Arabia signaled it was ...
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Oil
COVER NEWSLETTER OIL & GAS

Oil prices rose on Monday as investors focused on the impact of U.S. sanctions on Iran despite assurances by Washington that Saudi Arabia, Russia and the United States ...
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COVER NEWSLETTER OIL & GAS

Petrol supply figures indicated that the amount of financial subsidy Nigeria currently absorbs to keep the pump price of petrol at N145 per litre instead of the expected ...
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Oil
COVER NEWSLETTER OIL & GAS

The InterContinental Exchange (ICE) has launched its first set of derivatives linked to the West African crude oil market. This is aimed at an industry that has called ...
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Oil
COVER NEWSLETTER OIL & GAS

Oil prices were broadly flat on Friday with the market exposed to bullish and bearish sentiments as it clawed back some territory after falling by the most in ...
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COVER NEWSLETTER OIL & GAS

The National Bureau of Statistics (NBS) said the average cost of refilling a five kilogramme (kg) cylinder of Liquefied Petroleum Gas (Cooking Gas) increased to N2,05.14 in August ...
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OIL & GAS

Rivers State Governor, Nyesom Wike, will in two weeks meet with the top management of Shell Petroleum, Nigerian Ports Authority (NPA), Oil and Gas Free Zones Authority (OGFZA) ...
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OIL & GAS

Industry regulators, the Department of Petroleum Resources (DPR), and Petroleum Products Pricing Regulatory Agency (PPPRA), have deliberately withheld importation data for kerosene, as scarcity hits the market with ...
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Oil
COVER NEWSLETTER OIL & GAS

Oil prices fell on Thursday, slipping back from four-month highs as investors focused on the risk that emerging market crises and trade disputes could dent demand even as ...
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