Oil and Gas

Nigeria’s energy sector records N861.67bn products importation in Q1 2018

Nigeria’s energy sectors, oil, gas and solid minerals recorded over N861.67 billion worth of products importation during the first quarter…

OPEC production climbs by 35,000 bpd to 31.87m bpd in May, report shows

Crude oil production by member countries of OPEC rose in May, the Organization of the Petroleum Exporting Countries and Russia…

Oil prices steady as markets await Trump, Kim Singapore meeting outcome

Oil prices were little changed in early Asian trading Tuesday as markets awaited the outcome of a summit between U.S.…

Nigeria’s vice president Osinbajo wants oil revenues used to diversify economy

Nigeria must use its oil and gas revenues to pursue its economic diversification agenday, its vice president, Yemi Osinbajo, said…

Norwegian oil firm says global demands could peak in early 2020s on climate goals success

Equinor, a Norwegian oil, and gas firm said Global oil demand could peak in the early 2020s if countries pull…

Nigeria’s state oil company calls for simplified fiscal terms on Petroleum bill

Nigerian National Petroleum Corporation (NNPC) has urged the Senate to consider simplifying the fiscal provisions in the Petroleum Industry Fiscal…

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