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Oil & Gas
Angola seeks IMF bail out
Angola has requested a bailout from the International Monetary Fund that could be worth more than $1.5bn, making…
FG measures on fuel ease pressures at filling stations
Federal government short term measures of dealing with the fuel queues is easing the fuel scarcity that has…
Forte Oil plans to raise $500 million for expansion
Forte Oil Plc, which owns a power plant and sells gasoline in Nigeria, said it plans to raise as much as 100…
Concessioning downstream petroleum sector: A case for…
There is no gaining saying the fact that despite Nigeria’s abundance of crude oil deposits, several challenges have…
Prospects for Africa as India amplify investments in…
Recent events in the oil sector in one of South Asia’s largest economies have serious implications for African…
Drillers cannot replace lost output as $100 oil…
For oil companies, the legacy of $100 crude is starting to run dry. A wave of projects approved at the start of…
Oil continues its slide
Crude oil continued to fall for a third straight day Tuesday with Brent crashing to $37.35/bbl and below Nigeria’s…
No going back on price modulation mechanism – PPPRA
Contrary to reports by a section of the Nigerian media, the Federal Government on Monday said it has not reversed…
Nigeria’s crude oil export to India set to drop further
Nigeria’s over $13bn annual crude oil export to India may be under threat as the South Asian country plans to tap…
Hope rises for modular refinery in Akwa Ibom State
There is a growing likelihood of a modular refinery in Akwa Ibom State as an emerging market in the Gulf of…
Oil fall further as doubts mount over plan to cut output
Oil resumed its down slide Monday morning with the benchmark Brent crude falling to $38.15 a as the chances of…
Low investments, fuel crisis, decline in power output…
Poor investments on the part of Federal government, unabated petroleum crisis and sharp drop in electricity…