Fresh COVID-19 lockdowns drive oil prices to four-month low
Oil fell to a four-month low, deepening Wednesday’s slump as lockdown restrictions grow in Europe. Futures in London lost 3.9%,…
FPSO Abigail-Joseph delivers first oil from OMLs 83 & 85
Yinson Holdings Bhd floating production, storage and offloading (FPSO) vessel, FPSO Abigail-Joseph, has announced the delivery of first oil for…
Shell’s Q3 results highlights focus on upstream operations in Nigeria, others
Shell today announced a cash allocation framework that will enable it to reduce debt, increase distributions to shareholders, and allow…
Africa Oil receives $162.5m dividend from Nigeria deep water interest
Africa Oil Corp, has confirmed that it has received its fifth dividend from Prime Oil and Gas B.V. a company…
DPR awaits President Buhari’s nod, to announce winners of marginal fields bid round
The Department of Petroleum Resources (DPR), Nigeria’s regulatory agency, is awaiting the approval of the Minister of Petroleum, to announce…
DPR Scores Nigerian Oil Industry High in Pandemic Mgt
The Department of Petroleum Resources (DPR) has said the Nigerian oil and gas industry performed above global average in the…
Petrol Queue: NNPC says there is enough supply of petrol
Petrol queues surfaced in parts of Abuja on Monday evening and intensified on Tuesday morning. But the Nigerian National Petroleum…
‘We are driving domestic growth of gas market‘– Seplat
Seplat Petroleum Development Company Plc has said it is driving the growth of the domestic gas market to power the…
‘Oil Industry Still Suffering Significant Damage from Covid-19’
Nigeria’s wholly indigenous oil company, Oando Energy Resources, has said the oil industry will continue to suffer the fallout of…
Auditors, management warn NNPC at risk of bankruptcy following 2019 financials
Independent auditors and management of the Nigerian National Petroleum Corporation, NNPC, have raised doubts over the ability of the corporation…