Category: Oil & Gass

Oando Focusing on E&P, Trading for Recovery, Says Management

Indigenous energy group, Oando Plc, which is trimming down from rapid bloat, has identified two core business areas that would sustain profitability, aid rapid recovery...

Sheriff Mulade Proposes Warri South- West oil, gas summit

Comrade Sheriff Mulade, front line aspirant for the Delta State House of Assembly, Warri South-West constituency has proposed Warri South-West oil and gas summit to...

NNPC Recruits Engineers on Renewable Energy Project

The country’s apex oil regulatory organisation, the Nigerian National Petroleum Corporation (NNPC) is seeking the collaboration of body of engineers in the country...

CNOOC to Grow Investments in Nigerian Stakes to $17bn 

China National Offshore Oil Corporation (CNOOC) has confirmed intention to grow its investments in oil and gas exploration and production in Nigeria from current $14...

ExxonMobil Workers Protest over Sack of 860 Spy Police in Akwa Ibom

Aggrieved Staff of ExxonMobil in Akwa Ibom State, south-south Nigeria on Friday protested over the dismissal of 860 spy police without their entitlements. The...

OPEC Output May Be Stretched Due to Supply Crises

OPEC’s Gulf members may need to pump almost as much crude as they can to cover swelling supply losses from Venezuela to Iran and beyond, the International Energy...

Seplat Petroleum Set to Hike  Production to 12000 Barrels Daily  

An indegenious oil exploration firm, Seplat Petroleum Development Company (SPDC) has planned to step up production from its current level of 3000 to 12000 barrels per...

NNPC, NLNG, Shell, Sign MOU to Increase Gas Production to 30m MT

The Nigerian Liquefied Natural Gas company (NLNG), the Nigerian National Petroleum Corporation (NNPC), Shell, Total and AGIP have signed a contract meant to increase...

NNPC, Joint Venture Partners Endorse 40 Tcf Gas Deal

Federal government and her traditional partners in oil and gas exploration and production joint venture (JV) have reached agreement to develop some 40 trillion cubic...

Urban Demand Surge to Spur Oil Spike Above $150/b

Demand surge expected by rapid urbanisation in Asia and the inverse reserves depletion associated with low exploration budgets across the globe mean that acute supply...