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Oil & Gas
Oil producers keep output freeze revival on standby if…
Russian Energy Minister Alexander Novak has a contrarian message for those who question the wisdom of freezing…
Oil inches up to $51/bl
On the eve of Britain’s historic EU referendum, Brent oil is trading high this morning at $51 a barrel as marketers…
Small EMEA oil firms’ survival chances vary…
The ability of European, the Middle Eastern and African (EMEA) high-yield oil exploration and production companies…
Despite disruptions, massive global crude oil supply…
Crude oil prices collapsed from $100 two years ago in a drop that deepened after the Organization of the Petroleum…
Attaining West Africa’s petrochemicals sector potential
Industry watchers attribute the surge in demand for petrochemicals to the presence of raw materials in Middle East…
OPEC’s Barkindo says been told that…
Incoming OPEC Secretary-General Mohammed Barkindo said on Tuesday that he had been told Nigeria's oil production is…
Clean Energy Ministerial Secretariat finds home at IEA
The International Energy Agency (IEA) has announced that a new, multilateral Secretariat for the Clean Energy…
FG saving N1.4trn per annum from subsidy removal, says…
Following the recent removal of subsidy from the pump price of premium motor spirit, the Federal Government will be…
New CBN FX guidelines to rejig petroleum downstream…
Industry operators say the Central Bank of Nigeria’s (CBN) new foreign exchange (FX) guidelines, which will see the…
Kachikwu, Sirika mull $151m savings from locally refined…
Domestic airlines in Africa’s largest economy have grappled with shortages of Jet A1, also known as aviation fuel,…
Oil sector’s $1tn spending gap raises future supply…
Oil and gas companies will spend $1tn less on finding and developing reserves between 2015-20 because of the crude…
NNPC closes pipeline valve in Nigeria Delta after gas…
Nigeria's state oil firm NNPC managed to close a valve in a pipeline in the Niger Delta after a gas leak following…