Oil & Gas

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 […]
October 19, 2018

Nigeria Update: Oil firm advocates integrated economy, reduces gas flaring by 90%

Managing Director, Chevron Nigeria Limited, Jeff Ewing, has said that Nigeria must urgently take advantage of opportunities for investment in the gas sector to transit from […]