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Oil & Gas
Oil prices rise on expected drop in US inventories
Oil prices ticked higher on Wednesday on expectations that U.S. crude inventories are falling and signs that oil…
OPEC deal begins this week
The Organization of Petroleum Exporting Countries (OPEC) deal goes into effect this week as the start the New Year…
Transparency – taming the big elephant in West Africa’s…
As oil prices looks to stabilize in 2017, if the positive forecasts the oil sector have seen following the OPEC…
Shell seeks to streamline in 2017
The British-Dutch oil-and-gas giant bulked up in February with the roughly $50 billion acquisition of BG Group PLC,…
Oil hits 18-month highs as markets eye output cuts
Oil prices hit 18-month highs on Tuesday, the first trading day of 2017, buoyed by hopes that a deal between OPEC…
Egbin seeks cash for $1.8bn capacity upgrade
Egbin power company which was acquired in 2013 by a consortium led by Sahaara energy will double its capacity by…
Nigeria’s offshore gas production declines on lack of…
The absence of gas terms in Nigeria’s PSCs has forced down by 19.6 per cent gas production in deep offshore between…
Abandoned projects come on stream as NNPC exits JV cash…
The exiting of the joint venture cash call by the Nigerian National Petroleum Corporation NNPC which is the holder…
NNPC reiterates commitment to Brass, OK LNG
The Nigerian National Petroleum Corporation (NNPC) has expressed its commitment to carry on with its twin gas…
Gulf Energy Companies Reduce Borrowing 26% as Oil Prices…
Energy companies in the Middle East reduced their borrowing by 26 percent in 2016 as an increase in oil prices late…
NEITI says NNPC, NPDC withheld $4.7bn, N380bn in 2014
The Nigeria Extractive Industries Transparency Initiative, NEITI, has stated that the Nigerian National Petroleum…
Oil prices on track for biggest yearly gain since 2009
Oil prices are on track for their biggest annual gain since 2009 after the OPEC grouping and other major producers…