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Eland Oil & Gas, an oil & gas production and development company operating in West Africa with an initial focus on Nigeria, has provided an update on operations and guidance for 2019. Highlights Average production in 2018 was…
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Spot activity dwindled on Monday as traders awaited the new March Nigerian loading programmes that are expected to emerge this week, while India’s IOC mopped up some cargoes via a tender. BP was said to be offering a cargo of…
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...Buhari, Osinbajo receive new 60-page, 10-year International passport The Federal Government (today) Tuesday launched a new 60-page Nigeria international passport. The red diplomatic passport also has ten years life span. …
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The Rice Farmers Association of Nigeria (RIFAN) said the Central Bank of Nigeria (CBN) has approved compensation via loans for over 550,000, rice farmers affected by the 2018 flood disaster. The RIFAN National President, Aminu Goronyo,…
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A global recession is a possibility but it will hardly have a serious effect on the economy, Saudi Arabia’s top oil man, Khalid al-Falih, said at the Future Sustainability Summit taking place this week in Abu Dhabi. "A lot of…
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JAMES SHINDI, the Chief Executive of Brevity Anderson, organisers of the annual Nigeria Petroleum International Summit (NIPS), in a recent interview spoke on issues in the nation’s oil and gas sector as well as the forthcoming confab.…
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The Nigerian National Petroleum Corporation (NNPC) on Tuesday said that Nigeria earned $640.35million from the export of crude oil and gas for the month of October, 2018. NNPC Monthly Financial and Operations Report for October 2018…
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Nigeria recorded crude oil export worth N11.5 trillion in nine months, from January to September 2018, rising by 48.01 per cent from N7.77 trillion recorded in similar period in 2017. The value of crude oil export in the nine-month…
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Nigeria has set January 31, 2019 target to scale up oil production to 1.83 million barrels per day.Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, who stated this in a document sighted by New Telegraph at the weekend, premised…
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Oil prices appreciated yesterday with support of ongoing supply cuts from Organisation of Petroleum Exporting Countries (OPEC) and Russia and by a drop in U.S. drilling activity. International Brent crude oil futures were at $60.75 per…
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