Administrator

The National Assembly of Nigeria is targeting April or May for the passage of the highly anticipated Petroleum Industry Bill, according to an announcement by Senate President Ahmed Lawan on Monday. After being sent to the Senate by…
Read More...

Conoil Producing, the Nigerian E&P independent owned by the billionaire Mike Adenuga, has paid a deposit for its purchase of the 40% equity held by Chevron Corp. in Oil Mining Leases (OMLs) 86 and 88. Conoil won the drawn out bid…
Read More...

Nigeria’s President Muhammadu Buhari on Tuesday announced the replacement of Nigeria’s service chiefs. In the statement announcing their replacement, Femi Adesina said Buhari has accepted the immediate resignation of the Service…
Read More...

***Senate to Pass PIB April, Buhari to Sign it into law before May 29, Lawan *** Says PIB will ensure Nigerians benefit optimally from resources ***As Senate begins public hearing on bill ***We haven’t seen significant development…
Read More...

*Experts point way forward Revenue from oil export fell by a whopping 41.44 per cent to $2.033 billion in the first nine months of 2020, compared to $3.47 billion received in the corresponding period of 2019, data from the Nigerian…
Read More...

Crude exports of Nigeria’s key crude Qua Iboe are set to resume for the first time in almost six weeks after a fire at the terminal halted production and loadings, shipping and trading sources said Jan. 22. Later in the day, a spokesman…
Read More...

More loading programmes for Nigerian crude in March were issued on Friday while differentials appeared to be under downward pressure from ample supplies in February. Bonny Light is loading six cargoes in March, while Forcados is loading…
Read More...

Savannah Energy, the African-focused British independent energy company sustainably developing high quality, high potential energy projects in Nigeria and Niger, has announced a trading update for the full year 2020 and guidance for the…
Read More...

Oil prices edged up on Monday as a weaker dollar offset fresh concerns about the hit to global fuel demand from renewed lockdowns to curb the spike in COVID-19 infections. Brent crude futures for March rose 32 cents, or 0.6%, to $55.73…
Read More...

The production policies of the non-member countries of the Organisation of Petroleum Exporting Countries (OPEC+) and pandemic’s path will continue to drive global oil prices in the year and result in global oil demand declining marginally…
Read More...