Oilserv partners with GEpetrol to expand its global footprint
REA releases details on financing of off grid electricity supply
OPEC and its allies to meet over oil distribution
Petrol subsidy to be shifted to N65.5 per litre
Nigeria’s scarce resources going to wrong sectors-USAID
Nigeria crude price rises after BP buys more cargoes
Nigeria oil award licensing: A weak link in the nation’s Oil and Gas industry
Brent crude oil price below $65 unprofitable for the Nigerian Economy
Nigeria’s minister of State for Petroleum Resources, Ibe Kachikwu, has said that Brent crude oil price below a $65 mark will be rough for Africa’s largest economy thus, expects the price to remain well at the $70 dollar range through till next year. “I like the feel of crude oil prices staying around $70 which […]
JV partners get a 20-year license extension- Nigeria
MX Oil said on Friday that Yinka Folawiyo Petroleum was granted the renewal for another term of 20 years. According to the company, which has an investment in the license, the renewal is subject to the satisfaction of certain conditions, including a commitment to develop the gas potential of the license. The OML 113 is […]
Kainji, Jebba GenCos delivered an uninterrupted 24hrs power supply to 7 firms
Kainji and Jebba hydropower Generation Companies (GenCos), operated by Mainstream Energy Solutions Limited (MESL), have delivered an uninterrupted 24-hours power supply to seven firms labelled as ‘Eligible Customers’ with a cumulative 1,162.9 Megawatt Hour (MWH) energy capacity. A daily operational report for energy delivery obtained from the Independent System Operation (ISO) arm of the Transmission […]
NBS Report On The Litres Of LPG Imported In Q2 2018
Nigerian crude overhang continues to clear gradually
The overhang of Nigerian crude has cleared further thanks to a pick-up in buying interest, traders said The number of unsold cargoes from the August and September programmes has dropped to about 10, from close to 30 at the start of the week, one trading source said. Qua Iboe was heard to be on offer […]