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Oil & Gas
Seven Energy secures $495m to boost gas supply
Seven Energy has secured a $495 million loan from a consortium of Nigerian and international lenders to help fund…
OPEC sees more balanced oil market in 2016
The global oil market should be more balanced next year as China and the developing world increase oil consumption…
Third Weekly Loss: Brent up, US crude dips
Brent crude rose and US futures dipped as expectations of increased exports from Iran capped prices and helped both…
Shell’s ORP takes anti-bunkering campaign to Ogoni…
Shell Petroleum Development Company (SPDC) has returned to the interior areas of Ogoni ethnic communities with a…
Gani Adams’ OPC says will not protest pipeline…
Gani Adams says his faction of the O’odua People’s Congress (OPC) will not participate in the protest against the…
Lessons learnt from first half of 2015
On June 19, 2014, NYMEX contracts traded at $106 per barrel while Brent peaked at almost $116 per barrel on the…
Ministerial consent for assignment of oil, gas leases:…
The extant petroleum laws in Nigeria charges the Minister for Petroleum with the responsibility of issuing licences…
IEA: Oil refiners’ high profitability era will end soon
A brief period of high profitability for the world’s oil refineries is likely to come to an end as quickly as it…
Parliament passes Petroleum Revenue Management Bill
Ghana’s parliament has passed the Petroleum Revenue Management (Amendment) Bill, 2015 into law. The Bill seeks to…
Petrol dealers insist on selling above pump price
The Petroleum Dealers and Owners Association in Ondo and Ekiti states on Monday said it would not be able to sell…
Agenda for the new incoming minister of petroleum
Whomever President Buhari nominates as the Minister of Petroleum in the coming next few weeks frankly deserves more…
Rigs rebound shows Shale boom resilience
US oil drilling increased for the first time after 29 weeks of declines signifying that US oil production may start…