Browsing Category
Oil & Gas
Proffering solutions to crude oil theft
Two weeks ago, the media was awash with reports on crude oil theft which has assumed an unprecedented dimension in…
West Africa crude steadies as market awaits tenders…
West African crude oil grades steadied on Monday, with activity light as traders awaited the outcome of tenders…
IOCs count losses in Nigeria as crude oil theft surges
International Oil Companies (IOCs) operating in Nigeria are counting heavy losses as the surge in crude oil thefts…
NLNG increases supply of cooking gas by 67%
Nigeria LNG Limited in continuing its commitment to re-create a domestic liquefied petroleum gas (LPG) industry…
UK police probing Shell, ENI Nigerian oil block deal
British police are investigating a money-laundering allegation related to a big oil field bought by Shell and…
Nigeria earns N305bn from non-oil export –NBS
Nigeria earned about N305.1 billion within the first three months of 2013, figures obtained from the National…
Total seeks Forties crude; Nigeria cuts Qua Iboe crude…
Total SA (FP) failed to buy North Sea Forties blend at the same price as its last bid. Vitol Group sought to…
Shale oil boom boosts US fuel exports to Nigeria, others
Not only has the United States (US) significantly reduced its imports of Nigeria’s crude oil on the back of its…
Goldman sees risk of oil prices gaining amid OPEC supply…
Goldman Sachs Group Inc. said price risks for Brent crude in the second half of the year have changed “to the…
Nigeria likely to lose Africa’s top oil producer status…
Nigeria may be on course to losing its ranking as the biggest oil producer in Africa to Angola, as rising crude oil…
Demand for oil from Nigeria, others to fall, says OPEC
Organisation of Petroleum Exporting Countries (OPEC), the oil producers’ cartel, expects demand for crude from…
Brent crude oil hits 3-month high above $108
Brent crude futures rose above $108 to the highest in more than three months on Monday, extending last week’s…