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Oil & Gas
Stakeholders want Nigeria to withdraw from OPEC
Oil and gas in¬dustry stake¬holders have queried the continuous membership of Nigeria in the Organisation of Oil…
Crude war: Shale losing battle to OPEC
Amidst the dwindling crude oil price, OPEC opted at its November 27, 2014 meeting for non-interference in the…
Cost-cutting measures hit front burner in the industry
Crude oil prices have fallen by about 60 percent since June 2014 and the industry is responding as they work out…
Oil trades near $50 making first weekly gain in 8 weeks
Oil traded near $50 after capping its first weekly gain in two months as investors weigh rising OPEC output against…
Qatar Petroleum, Shell halt $6.4 billion petrochemical…
Qatar Petroleum and Shell said they had decided not to proceed with their $6.4 billion Al Karaana petrochemical…
Tullow writes off $2.3 billion
Africa-focused oil and gas explorer Tullow Oil has written off $2.3 billion in relation to exploration work and a…
Schlumberger reports 7 percent revenue growth
French oilfield engineering group Schlumberger announced full-year results for 2014 that show its revenue increase…
NNPC rallies Nigerians to fight pipeline vandalism
The Nigerian National Petroleum Corporation (NNPC) and its midstream subsidiary, the Pipelines and Products…
Gaslink allays fears over gas leakages from its facility
Gaslink Nigeria Limited (GNL), a subsidiary of Oando Plc, has allayed fears of possible health and environmental…
In short-term, prices could drop below $35 a barrel
Crude oil price is now below $50 per barrel. That is nearly 57 percent down from the June 2014 price and it is…
2015 Nigerian oil and gas industry outlook
Prediction is difficult especially if it’s about the future” – Niels Bohr
The oil and gas industry seems to take…
Oil prices continue to slide, hits 2009 low
Global oil markets resumed their slide with Brent and US crude hitting April 2009 lows and ending down for a…