OIL AND GAS

The Nigerian Gas Association is concerned that state intervention in gas pricing in aid of end users is having  unintended negative consequences on other sections of the value chain.  “We …

Multinational Companies operating in Nigeria ceased to worry about reserves growth in shallow water and onshore acreages as far back as 25 years ago, it has been argued. The companies …

A Lagos Federal High Court has fixed July 22 for the hearing of the substantive suit brought by two chief executive officers of Oando Plc, seeking enforcement of their rights. …

The first stage of President Donald Trump’s Middle East peace plan will be launched on Tuesday at a conference the White House touts as a bid to begin drumming up …

Oil fell on Tuesday amid concerns over the outlook for crude demand, but prices were supported after Washington announced new sanctions on Iran amid mounting tensions in the Middle East. …

Lagos — The oil and gas industry is gearing up to deploy robotics across a wide range of applications in the upstream, midstream and downstream segments, primarily to drive productivity and …

Lagos — Economic tension could heighten in Nigeria going by the recent drop in its crude oil production by 92,000 barrels per day in May, according to data from OPEC quoting secondary sources. …

OSLO — Exxon Mobil is considering selling all of the stakes it holds in oil and gas fields off the Norwegian coast, a spokeswoman said. Two years ago the U.S. major …

Lagos — Despite lower economic growth rates across the world, the Organization for the Petroleum Exporting Countries, OPEC, has forecast a growth of 1.2 million barrels per day in global oil …

As SEC, Oando Begin Legal Fireworks Justice Ayokunle Faji of the Federal High Court in Lagos will on Monday, June 24, 2019,  begin hearing of arguments between the lawyers of sacked …

    The 9th edition of the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) Awards, hosted by the Abu Dhabi National Oil Company (ADNOC), is now open for submissions.   …

  The President will be presented the award during the conference, during which he will also present the keynote address CAPE TOWN, South Africa, June 23, 2019/ — Africa Oil …

Close to $200 billion in projects across the globe from Australia to the United States are racing to be approved over the next two years, vying to provide around 65 …

Mr. Mordecai Ladan, the Director of Petroleum Resources, DPR, has bowed out. This follows the expiration of his tenure and in line with the provisions of Circular Ref. No.SGF.50/S.II/C.S/268. The …

London — Nigeria increased its official selling price (OSP) for major crude grades on perked-up demand, especially in Northwest Europe, as preliminary loading programmes for August were expected shortly. NIGERIA * …

Singapore — Asian spot prices for liquefied natural gas (LNG) slipped this week on the back of a surplus of cargoes globally while imports from North Asia appeared to be slowing …

Port Harcourt — The Shell Petroleum Development Company, SPDC, says it has injected over N2.2billion into the southern swamp associated gas solution area for community development as top-up funds for the Community …

Port Harcourt — The host communities of OML 25 have rejected the planned peaceful dialogue by the Rivers State Government to intervene in the 22-months shutdown of Belema flow station and …

*Oil and gas production over the next 10 years would inject billions of dollars into the Senegalese economy and support more than 1 million jobs Johannesburg, South Africa — The African Energy …

The Nigerian National Petroleum Corporation (NNPC) has thrown more light on the newly appointed GMD of the corporation, Mr. Mele Kolo Kyari, as well as the six Chief Operating Officers …

The Nigerian National Petroleum Corporation (NNPC) has restated its commitment to resume oil search in the Chad Basin as soon as it receive security clearance. Group Managing Director of the …

     Efforts to reduce plastic pollution and help save the environment have received a boost with the signing of a Special Purpose Grant (SPG) between Total in Nigeria and the …

The Nigerian National Petroleum Corporation, NNPC, has made alternative arrangements to ensure steady supply of petrol across the country just as fire fighters engage a raging fire at Baruwa pipelines. …

The National Economic Council on Thursday in Abuja reconstituted an Ad-hoc Committee to reconcile the Excess Crude Account, Nigerian National Petroleum Corporation’s remittance and related issues. Gov. Ahmadu Fintri of …

The Nigerian Ports Authority (NPA) says 23 ships containing petroleum products, food and other goods will berth at Apapa and Tin Can Island Ports between June 20 and July 17. …