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Oil & Gas
OPEC crude production rises in June led by gains in…
OPEC’s crude production increased by 240,000 barrels a day in June to 32.88 million as Nigeria raised output…
Oando sells stake in downstream operations
Oando plc has announced a $210 million recapitalisation of its downstream operations by HV Investments II B.V…
Nestoil boss advocates PPP in Africa’s quest for…
The group managing director of Obijackson Group, which also has Nestoil as its subsidiary, Azudialu-Obiejesi, has…
NSCDC destroys 8 illegal refineries, confiscates 53,640…
Eight illegal refineries and 53,640 litres of adulterated Automotive Gas Oil (AGO) were between last May and June…
Oil falls as oversupply concerns return to centre stage
Oil prices eased on Friday as the market's focus returned to oversupply as production from Nigeria and Canada…
Kachikwu assures of transparency in sale of Nigeria’s…
The Minister of State for Petroleum, be Kachikwu, has assured of transparency in the sale of Nigeria’s crude oil…
Oil falls below $50 on higher supply outlook, economic…
Oil fell below $50 a barrel on Thursday, pressured by higher Nigerian output and concern about the economic outlook…
Oil trades at $50.10/bl on supply cut
Oil is trading at $50.10 per barrel Thursday morning as falling US supply added to speculation the global surplus…
Oil heads for best quarter Since 2009 as market seen…
Oil headed for the biggest quarterly advance in seven years as falling U.S. supply added to speculation the global…
Udom under pressure to set up oil mineral development…
Governor Udom Emmanuel of Akwa Ibom State has come under pressure by stakeholders from oil producing communities…
BREXIT and its impact on oil market
On June 8, Brent crude oil prices hit $52.51 per barrel. US crude oil prices was $51.53, the highest level since…
Driving a new narrative for domestic gas supply
Within the past five months, Nigeria has witnessed no fewer than 11 total collapses of its electricity supply…