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Oil & Gas
Saudi Arabia cuts oil price to Asia as Iran battle heats…
Saudi Aramco, the world’s largest oil exporter, lowered the pricing terms for Arab Light crude sold to Asia by the…
Oil giants find there’s nowhere to hide from doomsday…
Exxon Mobil Corp. and Royal Dutch Shell Plc last week reported their lowest quarterly profits since 1999 and 2005,…
Oil suffers biggest monthly decline in 12 months
Brent oil opened at $43.51 in Monday trading after its biggest monthly decline in a year during July.
High…
IPMAN MD debunks N10.9bn fuel subsidy scam
Tunji Adeniji, managing director, IPMAN Investment Company, has debunked an alleged report of N10.9 billion subsidy…
Uganda picks Nigerian, Australian firms for oil…
Uganda has picked three Nigerian companies and one from Australia for its oil exploration licensing round, inviting…
Shell reduces gas flare by 85% in 2015
Flaring volume of gas from Shell Petroleum Development Company’s (SPDC) joint-venture facilities in Nigeria was…
Oil at $42.70, seen falling further
Oil prices fell further on Friday with Brent trading at $42.38 per barrel as slowing economic growth threatened to…
AOS Orwell unveils latest offerings at 2016 SPE expo
AOS Orwell, oil and gas servicing firm, has disclosed it would be participating in the upcoming SPE Conference and…
Shell disappoints market as weak oil, BG deal costs hit…
Royal Dutch Shell has disappointed investors with a 72 percent fall in quarterly profit that it blamed on weak oil…
‘Operators see increased domestic LPG production in…
Local operators in the gas industry are optimistic that an improved investment climate will increase Nigeria’s…
Oil Majors Lost One Engine; Now the Second One Is…
If Big Oil was a two-engine airplane, you could say it’s been flying on a single engine since energy prices crashed…
Incentivising indigenous producers in oil, gas industry
The landscape of onshore exploration and production has shifted considerably in recent years. As IOCs move further…