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...
FG to Increase Oil and Gas Output in 2020 The Nigerian National Petroleum Corporation, NNPC, said it is facilitating the growth of the midstream oil sector...
ExxonMobil’s One Billion Crude Oil Discovery Spurs Interest in Government Policies to Grow Reserves As Nigeria’s crude oil reserves increased to 37 billion barrels, led by...
Iran’s Crude-Oil Exports Increase to Level Last Seen in 1970s Iran’s crude-oil exports touched 3 million barrels a day for the first time since the 1979...