Oil and Gas
PetroNor completes acquisition of Panoro’s interest in OML 113
BY Habeeb Ahmed, with agency report. Norwegian junior PetroNor E&P has completed its acquisition of a key stake in the…
Nigeria’s exact crude oil production volume unknown – NEITI
Arakunle Kayode According to the Nigeria Extractive Industries Transparency Initiative, no one knows the exact volume of crude oil…
Oil giant, Saudi Arabia, records $29bn deficit in Q2 as oil demand continues to fall
World oil-producing giant, Saudi Arabia, has recorded an oil revenue deficit of $29 billion for the second quarter of the…
NNPC pens $1.5bn prepayment oil financing deal with traders
The Nigerian National Petroleum Corporation has signed a $1.5bn prepayment deal that will see it selling crude to some oil…
Oil up on weaker dollar, high U.S. inventory
Oil prices rose on Thursday on the back of a weaker dollar, but gains were capped by concerns about rising…
Oil prices rise $1/bbl on virus vaccine hopes, EU stimulus deal
Outlook for oil demand looked positive on Tuesday, causing oil prices to rise about $1 a barrel on Tuesday, hitting…
Oil prices fall as COVID-19 infections rise
Oil prices, on Monday, fell as coronavirus cases increase in many countries of the world. However, investors remained cautiously optimistic…
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