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Capital Market

Peterside doubts NNPC N287bn profit, challenges corporation

Founder of IBTC Stanbic Bank, Atedo Peterside, has challenged the Nigerian National Petroleum Corporation to clarify allegations that it dipped its fingers in the...

OML 140: Russian Plans BIG For Nigeria’s Oil Industry

The wholly owned second-largest Russian oil company, Lukoil, announced it will increase its Nigerian activities. During a meeting with the Nigerian Ambassador to Russia, Professor...

$1.1bn Urea Fertilizer Plant Eleme Nears Completion

There is a popular saying which says, "The light at the end of the tunnel is well worth the journey it took to get there." That...

Oilfield service sector added jobs in July for the fifth consecutive month

Bureau of Labor Statistics BLS and Energy Workforce & Technology Council figures reveal that the United States' energy technology and services sector generated 6,082...

Senegal is seeking Nigerian assistance in developing its oil and gas sector.

3 August 2021 Chief Timpre Sylva, Minister of State for Petroleum Resources, praised the Senegalese government's attempts to enlist Nigeria's help in developing its oil...

OPEC July oil output hits 15-month high as demand recovers, survey shows

OPEC July output rises 610,000 bpd from JuneCompliance with OPEC+ cut pledges slips to 115%Saudi Arabia posts OPEC's biggest output gainProduction by country: LONDON,...

West Africa: Nigeria to Leverage Ecowas Network to Boost Trade Volume

Under the export expansion facility, there are 16 programmes as approved in the implementation work plan under seven Workstreams namely - capacity building, emergency...

Offshore Exploration: The Future of Guinea-Bissau’s Energy Sector

The underlying offshore exploration potential of Guinea-Bissau has long been recognized given the country’s functional hydrocarbon system, good potential reserves, and several drillable prospects...

Shell to Appeal Dutch Court Ruling on Emissions Cuts

Royal Dutch Shell RDS.A 3.58% PLC on Tuesday confirmed it would appeal against a Dutch court ruling calling for the oil major to reduce its carbon emissions at a faster...

Woodside Begins Drill Campaign in Senegal

Woodside Energy’s drill campaign for the Sangomar Field Development Phase 1 offshore Senegal will begin this week. Woodside is the operator of the Rufisque...

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