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Capital Market

OPEC+ agrees oil supply boost after UAE wins argument with Saudi

OPEC+ ministers agreed on Sunday to boost oil supply from August to cool prices which have climbed to 2-1/2 year highs as the global...

23-well Offshore Drilling Campaign Starts at Sangomar Field in Senegal

Australian oil and gas firm Woodside Energy has this week started the offshore drilling campaign in Senegal for the Sangomar Field Development Phase 1,...

Nigeria losing 200,000 bpd to pipeline damage, minister says

Nigeria relies on oil exports for more than half its budget and 95% of foreign exchange. The cost to repair the pipelines alone is...

NCDMB, NNPC, Brass Fertilizer Sign Shareholders Agreements On Methanol Project

The Nigerian Content Development and Monitoring Board (NCDMB), the Nigerian National Petroleum Corporation (NNPC), Brass Fertilizer and Petrochemical Company Limited and DSV Engineering on...

OPEC to raise oil production in July, stays mum on what’s next

LONDON (Bloomberg) --OPEC+ stuck to its plan to hike oil output in July, but Saudi Arabia’s energy minister kept the market guessing as to...

Developing pre-rig solutions that are greener, safer and more efficient

There is an increased focus in the oil and gas sector to look further afield to opportunities presented in deepwater locations. Because of this,...

A.Y. M. SHAFA, A.A. RANO, MATRIX, OTHERS GET MARGINAL OIL FIELD LICENCE

Indigenous oil firms, A.A. Rano, Shafa Exploration, Matrix Energy, and Vhelblerg Exploration were among oil companies awarded marginal oil field licence by the Department...

NNPC Signs Execution (Bonga) Agreement Of OML 118 with Contractors.

The contractors involves are ; Exxon Mobil Nigeria , Shell Nigeria, Total Nigeria. and others . By these agreements, NNPCgroup and the Contractors have settled...

Shell to offload sole offshore Nigerian oil assets for a cleaner energy

Petroleum giant, Shell, to offload sole offshore Nigerian oil assets for a cleaner energy Shell’s divestment could deal a fresh blow to the fiscal...

Three refineries processed no crude in January-NNPC

Latest operations report of the Nigerian National Petroleum Corporation indicates that Nigeria’s refineries under the management of NNPC could not refine a drop of...

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