abubakar saidu

Credit rating agency Moody’s slashed its global economic and oil forecasts again on Tuesday, predicting ongoing coronavirus lockdowns would now see the G20 group of major economies contract 4% this year before bouncing back 4.8% in 2021. …
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*US crude futures jump 15 per cent. US oil prices jumped on Wednesday, trimming some of this week's losses, after US stockpiles rose less than expected and on expectations demand will increase as some European countries and US cities…
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The Nigerian National Petroleum Corporation (NNPC) has released its crude official selling prices (OSPs) for May, cutting values for all its grades from the decades-lows in April. According to a news report sourced from argusmedia.com,…
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The sale of 40% equity held by Chevron on Oil Mining Leases (OMLs) 86 and 88, is in top gear. Companies who have shown interest in acquiring the asset are expected to make full disclosure of their financial and operating capacities by the…
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Market participants awaited concrete plans on Nigerian crude oil output for May and June as the state oil company was in discussions with local companies and international majors on how to rein in supply amid a production cut pact and poor…
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Nigeria is seeking documents from 10 banks, including Citigroup Inc. and JPMorgan Chase & Co., in a bid to overturn a $9.6 billion arbitration award related to a business deal that the country contends is shrouded in allegations of…
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…Affirms Station Observes Required Safety Standards All stations under the brand name of NNPC Retail Limited operate under very high safety standards as endorsed by the Federal Fire Service and the Department of Petroleum Resources,…
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With the impact of the coronavirus compounding oil and gas industry challenges, governments in Nigeria and other African countries have been urged to extend the implementation of Production Sharing Contracts (PSCs), and work program…
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FG Considers Opening Up Fuel Importation To Private Businesses The Petroleum Products Pricing Regulatory Agency (PPPRA), yesterday, said it is engaging with the Central Bank of Nigeria (CBN) to open up the importation of petroleum…
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Nigeria Liquefied Natural Gas (NLNG) and Angola’s LNG project are offering three cargoes of lique­fied natural gas in the internation­al market in the midst of drop in the price of crude oil. NLNG is offering two cargoes next month,…
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