Oil and Gas
Nigeria’s state oil company loses ₦6.79bn to vandalism, crude inventories in one month
Nigerian National Petroleum Corporation (NNPC) has reported a trading deficit of ₦6.79 billion for its operations in November 2017, higher…
NNPC to ramp up retail business to 30 percent from 13 percent to ease fuel scarcity
Nigeria's national oil company, the Nigerian National Petroleum Corporation (NNPC) said it plans to increase its downstream petroleum sector market…
NNPC engages OEMs to revamp refineries before 2019
The Nigerian National Petroleum Corporation (NNPC) said it had engaged the original builders of the refineries in Port Harcourt, Warri…
Ghana attracts international attention as ExxonMobil acquires oil block
The Ghanaian oil industry has attracted the attention of American oil giant, ExxonMobil as it has signed a deal with…
OPEC increases non-members production forecast raising concern over US supplies
Oil cartel, the Organisation of Petrol Exporting countries (OPEC), raised its forecast for rival oil-supply growth by 160,000 barrels per…
Oil prices up on falling US crude stocks, militants’ threat to attack sector in Nigeria
Oil prices rose on Thursday on a reported decline in U.S. crude inventories, and as militants in Nigeria threatened to…
