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OIL & GAS

OIL & GAS

Oil
NEWSLETTER OIL & GAS

Brent oil hit a 2019 high above $72 a barrel on Wednesday, propelled by steady economic growth in China and a fall in U.S. crude stocks which defied ...
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COVER NEWSLETTER OIL & GAS

An Abuja federal high court has issued a warrant of arrest against Dan Etete, a former Minister of Petroleum, and Mohammed Adoke, a former Minister of Justice and ...
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DPR
COVER OIL & GAS

The Department of Petroleum Resources (DPR) in Sokoto State, North-West Nigeria has restated its commitment to checkmate hoarding, diversion and selling of petroleum products above the control price. ...
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Flared Gas
COVER NEWSLETTER OIL & GAS

The federal government has disclosed that third-party investors in its new flare gas programme – the Nigeria Gas Flare Commercialisation Programme (NGFCP) would be given every one thousand ...
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NNPC
COVER NEWSLETTER OIL & GAS

A New York-based Natural Resource Governance Institute (NRGI) yesterday stated that the financial reports of the Nigerian National Petroleum Corporation (NNPC) do not contain systematic financial information that ...
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Oil
NEWSLETTER OIL & GAS

Oil prices were steady on Tuesday, as fighting in Libya and falling Venezuelan and Iranian exports raised concerns over tightening global supply, but uncertainty surrounding an OPEC-led production ...
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AGIP
COVER NEWSLETTER OIL & GAS

The Senate has assured the Nigerian Agip Oil Company (NOAC) and other stakeholders of its support and commitment for the commencement of the $13.5 Billion offshore Zabazaba crude ...
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Oil
NEWSLETTER OIL & GAS

Oil prices halted their rally on Monday with Brent futures falling below $71 per barrel on signals that Russia may exit production cuts. Losses were limited by a ...
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NNPC
OIL & GAS

Nigerian National Petroleum Corporation (NNPC) and Seplat Petroleum Development Company Plc are in search for $700 million (about N253 billion) to develop their joint venture gas project in ...
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Fuel Subsidy
OIL & GAS

The Federal Government has given the assurance that there are no plans to remove fuel subsidy now just as queues emerged in filling stations in some parts of ...
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Femi Falana
COVER OIL & GAS

Human rights lawyer and Senior Advocate of Nigeria, Mr Femi Falana, has asked the Minister of State for Petroleum Resources, Dr Ibe Kachikwu, to provide him with information ...
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Fuel Subsidy
COVER NEWSLETTER OIL & GAS

Workers in the oil and gas sector on Sunday advised President Muhammadu Buhari to shun any counsel that would destabilise or cause chaos in the economy. The Nigeria ...
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Sahara Energy
COVER NEWSLETTER OIL & GAS

Sahara Energy Resources DMCC, a member of Sahara Group, leading energy and infrastructure conglomerate, says it has set up a $600 million facility in South Sudan. In a ...
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Project 100
COVER NEWSLETTER OIL & GAS

The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu,  has said none of the International Oil Companies (IOCs) is planning to exit  Nigeria contrary to reports in ...
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Nigeria's Foreign Reserves
COVER NEWSLETTER OIL & GAS

Following the advice by the International Monetary Fund (IMF) that the Nigerian government should remove fuel subsidy, the federal government has assured Nigerians that it will not remove ...
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Fuel Subsidy
COVER NEWSLETTER OIL & GAS

The scarcity of Premium Motor Spirit commonly known as petrol bit harder in Ekiti State yesterday as most filling stations in the state were closed. The few stations, ...
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Minimum Wage
COVER NEWSLETTER OIL & GAS

The Nigerian Labour Congress (NLC) has cautioned the Federal Government against implementing the recommendation of the International Monetary Fund (IMF) on the removal of subsidy on petroleum products ...
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NNPC
COVER NEWSLETTER OIL & GAS

The Nigerian National Petroleum Corporation (NNPC) has described as false, a trending social media report of an impending fuel scarcity due to purported refusal by some oil marketers ...
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Chevron
OIL & GAS

Chevron announced Friday it had agreed to acquire all outstanding shares of Anadarko Petroleum Corporation in a stock and cash transaction valued at $33 billion, or $65 per ...
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Gas flare site
OIL & GAS

No fewer than 800 companies have bidded for management of 176 gas flare sites in the country, the Minister of State for Petroleum Resources, Dr Ibe Kachikwu, has ...
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