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Oil & Gas
Consensus emerging for OPEC, non-OPEC to extend output…
Saudi Arabia’s OPEC governor said on Friday there is an emerging consensus among OPEC and non-OPEC countries who…
Aiteo refutes allegation of complicity in $1.2bn swap…
Integrated energy group Aiteo has denied claims it is the subject of an inquiry by the House of Representatives…
World Bank’s positive commodities price forecast: Too…
The World Bank in its April Commodity Markets Outlook released recently is forecasting higher prices for industrial…
Growing West Africa gas sector on the transparency…
Gas resources no doubt remain a source of energy for the governments in some West Africa countries. As a source of…
Formalizing illegal refineries: Good, Promising,…
The unorganized business of small scale refining of crude oil in the Niger Delta is often called “illegal” because…
Fortune 500 companies are ramping sustainability…
In an economy where the President is removing protections on environmental safeguards, a growing number of Fortune…
Surging ExxonMobil, Chevron profits signal oil industry…
Rising crude prices helped Chevron Corp and Exxon Mobil Corp easily beat analysts’ quarterly profit expectations,…
World’s top two shipyards signal more orders as earnings…
The world’s two biggest shipbuilders reported profit and issued an improved outlook, indicating South Korea’s…
BP swings to profit as oil sector shakes off woes
BP PLC BP 1.68% was the latest big oil company to report a sharp increase in profit Tuesday, adding to optimism…
Seplat hedges 3.69mn oil barrels at $48 in 2017
Seplat is ramping up its hedging programme for 2017 after realising gains of US$740,000 from hedging a total volume…
NigerDock deepens local content, graduates 48 trainees…
NigerDock a member of the Jagal Group has graduated 48 trainees from it Engina Human Capital Development…
Oil market heading towards balance – OPEC sec-gen
OPEC Secretary-General Mohammad Barkindo said on Thursday that an overhang in global oil inventories was declining…