Browsing Category
Oil & Gas
Oil down on worry over high global supply
Oil prices fell on Friday, with U.S. crude down about 3 percent, as investors and traders waited to see if the U.S.…
Nigerian crude differentials holding up on demand
Nigerian crude oil for October loading began to clear out as traders awaited the programme for November, with…
FG to sell LNG tender cargo to Brazil’s Petrobras
Nigeria's liquefied natural gas (LNG) export plant at Bonny Island is to sell a cargo loading later this month to…
Nigeria to renegotiate PSC contracts with oil majors
Nigeria’s state oil company plans to renegotiate its production-sharing agreements with oil majors as Africa’s top…
Nigeria’s crude output increased by 70,400bpd in August
Nigeria’s crude oil output increased by about 70,400 barrels per day (bpd) to 1,857,000bpd in August 2015, from its…
Oil edges above $46 as weak Asian outlook weighs
Oil edged further above $46 a barrel earlier in the week, supported by the prospect of lower U.S. inventories and…
Forte Oil blazes trail in sale of DPK
Forte Oil has further reaffirmed its commitment to best service delivery by being in the forefront of the new Dual…
Stakeholders advocate unbundling of PIB for effective…
As the nation anxiously waits for President Muhammadu Buhari to unfold his ministerial nominee list, oil…
Nigeria’s quest to ship more oil add pressure on oil…
Nigeria will ship the most crude in more than three years in October, adding to downward pressure on oil prices…
Consolidation in oil, gas industry through mergers,…
The oil price recently fell as low as $46 a barrel having hovered around $50-$60 per barrel since the beginning of…
US arbitrage re-opens for Nigeria crude oil
As the Brent and WTI crude futures spread narrows, arbitrage opportunities are beginning to open up for Nigerian…
Venezuela’s PDVSA buys cargoes of Nigerian crudes
Venezuela's state-run oil company PDVSA has bought three new cargoes of Angolan and Nigerian crudes for delivery at…