China’s Sinopec is close to buying stakes in Nigerian onshore oil blocks from French oil major Total worth about $2.4 billion. Asia’s…
Category:
Oil and Gas
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Oil trader Vitol has won a tender to supply Indian Oil Corporation with at least three million barrels of West African crude…
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BY OMOH GABRIEL THE International Monetary Fund, IMF, yesterday, cautioned Nigeria against expansionary fiscal policies, given the uncertainty that still pervades the…
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Royal Dutch Shell expects to lift a force majeure on two grades of Nigerian crude oil by the end of November, a…
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Nigeria is concerned that oil and gas prices could fall as more countries uncover reserves and sees the need to make plans…
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Nigeria has lost at least a fifth of its oil output in recent weeks due to severe flooding and oil theft, government…
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Nigeria lost out on tens of billions of dollars in oil and gas revenues over the last decade from cut price deals…
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France’s Total has declared force majeure on gas supplies to Nigeria LNG’s liquefication plant, the company said. It said it had stopped…
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Royal Dutch Shell cannot yet say when a force majeure on two grades of Nigerian crude oil will be lifted, after production…
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Nigeria will hold its first oil exploration bidding round for five years by the end of this year, while licence renewal talks…
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The Tax Appeal Tribunal (TAT) in Abuja has ordered Oando Plc to pay N72.92 million as tax liabilities to the Federal Inland…
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The Department of Petroleum Resources (DPR) on Tuesday threatened to shut down any petrol station caught selling fuel above the pump price…
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The Shell Petroleum Development Company (SPDC) on Wednesday confirmed a pump failure at its facility in Bayelsa. This is contained in a…
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Brent crude held steady above 113 dollars per barrel on Tuesday as investors awaited economic growth data out of Europe to gauge…
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Asia is set to import record volumes of oil from West Africa, mainly from Nigeria, this year as increasing supplies of high…