Oil & Gas

January 4, 2019

Nigeria Update: Total achieves first oil at giant Egina field

Nigerian unit of French oil major, Total, said on December 29, 2018, it commenced production from the Egina field, located in around 1,600 meters of water […]
November 26, 2018

Nigeria Update: Oil prices collapse as glut fear triggers heavy selling

Oil prices slumped Friday to lows not seen since last year as concerns over high crude supplies triggered massive selling, dealers said. The WTI futures contract, […]
November 1, 2018

Africa Update: OPEC output peaked in October

The Organisation of Petroleum Exporting Countries (OPEC) got record output last month, a Reuters survey found, as higher supplies led by the United Arab Emirates and […]
October 23, 2018

Nigeria Update: NNPC, others silent over United States court’s $6.59 billion gas contract fine

The Ministry of Petroleum Resources, the Department of Petroleum Resources (DPR), and the Nigerian National Petroleum Corporation (NNPC), are yet to take a position after a […]