Oil Prices Seen Stuck Below $60 This Year as High Stocks Persist An historic agreement between OPEC countries and other oil producers to reduce their output...
Niger Delta Stakeholders Strategise Ahead of Formalising Modular Refineries Some Niger Delta stakeholders have commenced the enumeration of artisanal refineries and crude oil distillation camps in...
Nigeria Can Achieve 40bn Barrels Oil Reserves by 2020 The Nigerian Association of Petroleum Explorationists on Wednesday said that Federal Government has the capacity to achieved...
Oil at $40 No Problem as U.S. Drillers Snub OPEC With Hedges OPEC’s worst enemy isn’t U.S. shale drillers. It’s the hedges propping them up. American...
OPEC Detects ‘High Compliance’ With Oil Cut Deal OPEC said Tuesday oil producers have kept their promise to cut output in accordance with a landmark deal...
Falling Oil Prices Threaten Nigeria’s Earnings, Reserves Accretion The steady rise of Nigeria’s foreign exchange earnings and build-up of external reserves, which started about five months...
OML 29: Aiteo’s Production Hits 90,000 Barrels Daily An integrated energy group, Aiteo, said it had achieved a peak production of 90,000 barrels per day in...
Oil Output: FG Abandons Four-million-barrel Target Seven years after the production target of four million barrels of oil per day was set, the Federal Government has...
OPEC Deal Yielding Benefits For Nigeria The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said the agreement by the Organisation of the Petroleum...
Oranto Petroleum Invests $500m in South Sudan Oil Block Nigeria’s Oranto Petroleum Limited has said it has signed oil sharing agreement with South Sudan covering the...