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OIL & GAS

OIL & GAS

Crude Oil Price Sinks Lower to $57
COVER NEWSLETTER OIL & GAS

Nigeria’s crude oil export fell by 1.6 million barrels in May, representing a 6.8 per cent decline from data for April export, according to figures obtained from the ...
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COVER NEWSLETTER OIL & GAS

Total Nigeria Plc shareholders on Thursday unanimously endorsed the payment of N4.75 billion final dividend recommended by the company for the financial year ended Dec. 31, 2018. The ...
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Crude Oil
COVER NEWS CLIPS OIL & GAS

OPEC to rollover output cut deal Nigeria is set to export highest volume of crude oil to Europe in June following production outages being experienced by producers in ...
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Benue
OIL & GAS

The Benue State government yesterday assured the management and staff of the Nigeria National Petroleum Corporation (NNPC) of the security and safety of its staff as they begin ...
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Samsung
OIL & GAS

Samsung Heavy Industries Nigeria (SHIN) has received the ‘Project of the Year’ award at the African Assembly, organised by the Oil & Gas Council in Paris on June ...
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Oil
NEWSLETTER OIL & GAS

Oil prices rose on Wednesday, buoyed by an outage at a major refinery on the U.S. East Coast and industry data that showed U.S. crude stockpiles fell more ...
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Buhari
COVER OIL & GAS

President Muhammadu Buhari has appointed Dr. Thomas M.A. John as the Acting Alternate Chairman of the Nigerian National Petroleum Corporation (NNPC) Governing Board. A statement by the Group ...
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Oil
NEWSLETTER OIL & GAS

Oil prices ticked up on Tuesday after the U.S. market open on anticipation that data due later would show crude stocks there declined, erasing earlier losses linked to ...
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Forte Oil
OIL & GAS

Some shareholders of Forte Oil (FO) Plc on Tuesday tasked the new management of the company on continuous payment of dividend and adherence to good corporate governance. The ...
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Forte Oil
COVER NEWSLETTER OIL & GAS

Shares in Forte Oil Plc rose further by 2.5 per cent to N32.00 per share as investors reacted positively to the appointment of Mr. Olumide Adeosun as the ...
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Oil
NEWSLETTER OIL & GAS

Oil prices fell on Monday on concerns about the possibility of weakening demand after large gains last week caused tensions between the United States and Iran. Benchmark Brent ...
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NNPC
COVER NEWSLETTER OIL & GAS

The Nigerian National Petroleum Corporation (NNPC) has promised that it would continue to support local companies, within the entire hydrocarbon value-chain, for the growth of the country’s economy. ...
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Malabu Oil
COVER NEWSLETTER OIL & GAS

Italian prosecutors have expressed dissatisfaction about lengthy delays in obtaining evidence they have requested from Switzerland in the criminal charges against Royal Dutch Shell and Italy’s Eni with ...
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oil
NEWSLETTER OIL & GAS

Oil prices rose on Friday, with Brent crude heading for its first weekly gain in five weeks on tensions in the Middle East after Iran shot down a ...
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Forte Oil
OIL & GAS

Forte Oil Plc has appointed new Chief Executive Officer (CEO) and Chief Financial Officer (CFO) following the completion of the sale of Mr Femi Otedola’s shares in the ...
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NNPC
COVER NEWSLETTER OIL & GAS

Downstream operators insist on deregulation Oil price jumps to $64 on Iran, US tension The Organisation of Petroleum Exporting Countries (OPEC), Nigeria Extractive Industries Transparency Initiative (NEITI) and ...
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Oil
NEWSLETTER OIL & GAS

Oil rose more than 3% toward $64 a barrel on Thursday after Iran shot down a U.S. military drone, raising fears of a military confrontation between Tehran and ...
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forte Oil
COVER NEWSLETTER OIL & GAS

Oil and gas businessman, Femi Otedola, said on Wednesday that he had concluded the sale of Forte Oil Plc. Last year, Otedola, who was chairman of the oil ...
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Oil
NEWSLETTER OIL & GAS

U.S official data released Wednesday showed a larger-than-expected fall in U.S. crude inventories, sparking a turnaround in oil prices. The Energy Information Administration (EIA) said in its regular ...
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forte Oil
OIL & GAS

Business mogul, Femi Otedola, has sold off his 75 per cent stake in Forte Oil. The billionaire businessman hinted in 2018 the plan to sell off his 75 ...
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