Oil and Gas
External reserves fall by $2.3bn on plunging oil price
Nigeria’s external reserves recorded a decline of $2.3bn from $38.59bn to $36.22bn within a two-month period, covering January 1 and…
Oil flood: Russian oil giants prepare for a production surge
Russian oil firms plan to raise their oil production from April and they are comfortable with the current oil prices…
The world’s biggest oil trader negotiates Venezuela oil purchase
The largest independent oil trader in the world, Vitol Group, is discussing the purchase of Venezuelan crude oil from a…
Rig count inches lower in dramatic week for oil
Baker Hughes reported that the number of oil and gas rigs in the US fell this week by 1 to…
Naira devaluation likely soon due to oil price slump – Survey
The Nigerian central bank will be unable to maintain the naira’s value for much longer as a slump in oil…
Shake-up as NNPC asks 40 GGMs, GMs to go
The management of the Nigerian National Petroleum Corporation has retired about 40 group general managers and general managers at the…
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