Browsing Category
Oil & Gas
Forte Oil declares N2.7bn profit after tax
Forte Oil Plc on Monday announced a N2.7 billion profit after tax for the nine months ended Sept. 30.
This was…
Glencore to supply crude to IOC from Sandesara Group’s…
Indian Oil Corporation (IOC) has tied up a deal with global trader Glencore to procure Okwuibome oil, which is…
As IOCs rake in billions from divestment of Nigerian oil…
Last week, it emerged that Shell has put up for sale four onshore oil blocks with a combined production capacity of…
Chevron protests Amazon pollution, says bribes were used…
Chevron Corp will try to convince a U.S. judge this week that a group of Ecuadorean villagers and their U.S. lawyer…
Oil rises to $110 on return of Libyan supply worry
Crude oil gained on Thursday, reaching $110 per barrel, after the seizure of Libya's prime minister punctured…
NNPC denies owing government N2.3trn
The Nigerian National Petroleum Corporation (NNPC) has dismissed claims credited to Adams Oshiomhole, the Edo State…
Nigeria lost $100bnto foreign crude tankers-NCDMB
The Nigerian economy lost over $100bn infive decades by allowing its crude oil to be carried exclusively by foreign…
Nigerian crude grades fall on low European demand
Contrary to traders’ expectations, Nigerian crude differentials are beginning to fall slightly as a lack of…
Expert tasks government on incentives for efficient gas…
The federal government has been urged to put in place incentives to encourage local and international investments…
NNPC denies House committee allegation of shortfall in…
The Nigerian National Petroleum Corporation( NNPC) has disowned the statement credited to the chairman of the House…
Clamping down on crude oil theft, pipeline vandalism
Last Sunday, President Goodluck Jonathan at the presidential media chat assured Nigerians that his administration…
Lekoil confident of finance to fund OML 113 stake…
Nigeria-focused Lekoil has expressed confidence over its ability to access capital to fund the proposed acquisition…