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Oil & Gas
NNPC’s many reforms fail to grow profits
.... records N197bn loss in 2016
A year-long series of reforms initiated by the administration of President…
NNPC Records Massive Reduction in Pipeline Vandalism
The Nigerian National Petroleum Corporation (NNPC) recorded a marked reduction in the cases of pipeline…
Economics, technical skill, key concerns in FG’s move to…
The purported move to convert illegal crude oil refiners in the creeks of the Niger Delta into a structured modular…
Shell says receives indictment request in Nigeria…
Royal Dutch Shell said it received notice on Tuesday of a request for indictment related to a 2011 settlement of…
Oil slips most in 3 weeks as OPEC cuts face rising U.S.…
Oil declined in New York as OPEC’s supply cuts are tempered by a revival of shale drilling in the U.S.
Futures…
DPR seals 27 filling stations for selling above N145 per…
The Department of Petroleum Resources (DPR), Eket field office, said it sealed 27 filling stations for selling…
Oil sector transparency in Nigeria, others threatened as…
There are concerns that fraudulent practices in the oil and gas sector in Nigeria and other developing countries…
Nigeria struggles to boost oil output; that’s good for…
Africa’s largest economy was pumping about 1.5 million barrels a day late last month, 30 percent below what it was…
New Iran sanctions may be the next catalyst for crude…
The Trump administration has issued new sanctions on Iranian entities and individuals after the tested a ballistic…
Why domestication of oil, gas projects is the right path…
With Nigeria significantly positioned in the comity of nations with huge oil and gas reserves, it continues to…
Outlook for West African oil on resurging demand
A Reuters’ survey of traders and shipping data released recently indicated that China’s surging appetite for West…
Traders rush to ship US oil as export window to Asia…
Oil majors and trading houses are set to ship an unprecedented volume of US crude oil to Asia in coming weeks,…