Ayobami Adedinni
Total Nigeria, Capital Oil, suffer N5bn loss on working capital in 2017
Total Nigeria Plc and Capital Oil and Gas Industries Ltd are currently faced with a N5 billion working capital deficit…
Nigeria’s Forcados outages register in OPEC’s May production as cartel’s output hits 13-month low
A force majeure on Bonny Light crude exports by Shell in Nigeria, as well as delays in crude loading at…
EITI chair wants Chevron, ExxonMobil to remain in global transparency effort
Despite calling their decisions to not report tax information both "unprecedented" and "disappointing," Fredrik Reinfeldt, the chairman of Extractive Industries…
Sulfur fuel demand drops on volatile prices in West Africa
Shipments of high sulfur fuel oil from Europe to West Africa have fallen this month on dwindling bunker requirements, as…
Analyst says OPEC unlikely to open oil taps in June
As a result of the Organisation of Petroleum Exporting Countries' (OPEC) keen observation of ongoing geopolitical events that could impact…
Outlook for oil still bullish despite Saudi-Russia crude plan, says Goldman Sachs
Goldman Sachs Group Inc., leading global investment banking, securities, and investment management firm, has called bullish outlook for oil despite…
Nigeria loses over N5.7bn daily to Trans Forcados pipeline shutdown
Nigeria may be losing over N5.7 billion daily to Trans-Forcados pipeline, (TFP) which was recently shut down following May 7,…
Report says technological shifts could wipe out $21trn fossil fuel revenues by 2040
A report by Aurora Energy Research, a UK based company has projected that the adoption of electric cars could wipe…
IEA says few energy technologies, sectors on track for climate goals
The International Energy Agency has said only four of 38 energy technologies and sectors were on target last year to…
Nigeria’s state oil firm vows to relocate Escravos channel pipelines for seamless products supply
The Nigerian National Petroleum Corporation (NNPC) has said it would relocate pipelines along the Escravos channel to pave the way…
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