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Oil & Gas
Domestic market to get boost by Seplat’s projected 525m…
Nigeria’s domestic gas market will be strengthened as Seplat Petroleum Development Company plc has announced plans…
Shell proves test case for oil majors’ environmental…
Royal Dutch Shell’s environmental record will come under renewed fire on Wednesday in two cases that will test the…
Watch out: LNG buyers’ cartel is coming
Liquefied natural gas (LNG) prices could be dealt a further blow if the plans by the biggest LNG buyers to form a…
Oil rises amid signs that the market may be bottoming…
Crude futures rose early this week after gaining more than 15 percent last week, with some indicators pointing to…
Brent rises to $37 amid brighter China outlook
Oil climbed from the highest close in more than seven weeks on speculation that monetary stimulus in China could…
Renewed Delta violence reignites fears for Nigeria oil…
Nigeria’s oil-rich Niger Delta is seeing a renewed wave of attacks on the energy industry that threatens to disrupt…
NAPIMS pledges support for ongoing $3.8bn Egina FPSO…
The National Petroleum Investment Management Services (NAPIMS), has explained its supports for the $3.8 billion…
OPEC oil output slips from record on Iraqi disruption…
OPEC oil output has fallen in February from the highest monthly level in recent history, a Reuters survey found on…
MX Oil to sell stake in Aje field, offshore Nigeria
MX Oil has signed an agreement to sell its investment in the Aje field offshore Nigeria to GEC Petroleum…
Stabilising oil prices: Buhari urges cooperation between…
President Muhammadu Buhari on Sunday emphasised the need for member states of Organisation of Petroleum Exporting…
Flows of Nigeria’s Forcados crude could be halted…
Flows of Nigeria's Forcados crude oil to the export terminal could be halted until April, sources told Reuters.…
Saudi Arabia declares oil output cut ‘is not going to…
Saudi Arabia has ruled out a deal by major producers to cut oil output and warned high-cost operators such as US…