Oil rose nearly 1% on Wednesday, supported by a decision by OPEC and its allies to stick to its plan to gradually…
Oil and Gas
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Africa-focused Savannah Energy and Exxon Mobil Corp are in exclusive talks over the sale of Exxon’s interest in energy assets in Chad…
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The Department of Petroleum Resources (DPR) says that 50 per cent of short listed companies for marginal field oil operations have been…
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Oil and Gas
NNPC to acquire equity in Dangote, other refineries in line with FG’s policy, to safeguard national energy security
The Nigerian National Petroleum Corporation has revealed that it is currently considering equity participation in a number of private refineries in the…
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Oil prices rose by 1 percent early on Monday, driven by expectations that recovering demand with summer travel and reopening economies will…
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The Minister of State for Petroleum Resources, Chief Timpre Sylva, has tasked the Nigerian Liquefied Natural Gas Limited (NLNG) to play a…
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Brent crude futures rose by 0.35% on Friday afternoon to close at $69.70 a barrel, while Western Texas Intermediate futures rose by…
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The Nigerian National Petroleum Corporation (NNPC) has announced a ₦39.85billion trading surplus for the month of February 2021 representing a massive 314.24%…
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Oil and Gas
OML 118: NNPC, SNEPCo, others sign multibillion dollar Deep-Water agreement deal to Yield Over $780m in immediate revenues
The Nigerian National Petroleum Corporation (NNPC) and its Production Sharing Contract (PSC) partners – Shell Nigeria Exploration and Production Company (SNEPCo), Total…
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The Nigerian Content Development and Monitoring Board (NCDMB), says it plans to complete eight oil and gas projects within the next two…
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More than half of the people currently employed in the UK’s offshore oil and gas industry could by 2030 be working on…
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Oil and Gas
Crude oil price rises on demand optimism as Goldman Sachs expects crude oil to hit to $80pb
Oil prices rose by 2 per cent early on Monday, buoyed by market expectations that fuel demand globally is rising with the…
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Prof. Wumi Iledare, former President of the Nigeria Association of Energy Economies (NAEE), has advised the federal government to engage in gradual…
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Nigeria and other West African crude sellers have been dealt a big blow by key buyer India slowing down its purchases as…
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Oil and Gas
Governors back full deregulation of the downstream oil sector, petrol at N162/litre unsustainable
The Nigerian Governors forum has said that keeping petrol price at N162 per litre is unsustainable. The thirty- Six State Governors therefore…