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Oil & Gas
FX squeeze on oil marketers may ease – experts
Oil and gas industry experts say the new foreign exchange (FX) guidelines released by the Central Bank of Nigeria…
New FX guidelines to ease pressure on oil marketers –…
Oil and gas industry experts say the new guidelines released by the Central Bank governor may ease pressure…
Gas shortage worsens manufacturers’ plight
Many industrial concerns are likely to reduce operations and further lay off workers due to shortage of natural gas…
‘Indigenous operators, key to developing domestic gas…
Indigenous operators are the key to developing Nigeria’s domestic gas supply, said Dada Thomas, Chief Executive…
Options for improving energy security for West Africa…
It is the view of many stakeholders that the West Africa Gas Pipeline project can do more to live up to the lofty…
OPEC says oil markets will rebalance in second half 2016
OPEC says global oil supply and demand will start to rebalance from the second half 2016 in its Oil Market report…
OPEC forecasts oil market rebalances in 2016, helped by…
Organisation of Petroleum Exporting Countries (OPEC) says global oil supply and demand will start to rebalance from…
70% of NNPC gas production to be dedicated to power…
As part of efforts to increase power generation in the country, the Nigerian National Petroleum Corporation (NNPC)…
Oil price down amid global sell off
Brent crude, the international benchmark, was down 0.8 per cent at $49.94 a barrel, while West Texas Intermediate,…
Angola seeks to cut cost per barrel to $8-10
Africa’s leading oil exporter Angola has announced a bold intention to cut the cost of producing one barrel of…
Angola seeks to cut cost per barrel to $8-10
Africa’s leading oil exporter Angola has announced a bold intention to cut the cost of producing one…
Oil market getting used to looking up, not down
Saudi Arabia’s new energy minister Khalid Al Falih is in a quandary. On the one hand, still bloated…