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Oil & Gas
OPEC says ‘Document of Cooperation’ has stabilised oil market
The Organisation of Petroleum Exporting Countries (OPEC), has said that the Document of Cooperation between the cartel and non-OPEC members has stabilised the oil market.
Haitham Al…
Nigeria turns best of times into worst
Nigeria, which was until a few months ago the biggest oil producer in Africa, would have racked up huge windfall from crude oil sales this year on the back of high global prices but for the…
ANALYSIS: As petrol scarcity persists, Nigerians live in denial about their…
Long fuel queues have persisted for a month across many Nigerian cities as people who believe cheap fuel is a divine right, goaded by labour unions, suffer the effects of insisting their…
NNPC/Chevron Nigeria seals $1.4bn deal for hydrocarbon project
The Nigerian National Petroleum Company (NNPC) Limited has acquired $1.4 billion from Northern Hydrocarbon Funding Limited to boost oil production via its joint venture assets with Chevron…
Lekoil Nigeria settles row with Cayman subsidiary
Lekoil Nigeria Limited (LNL) says it has reached an agreement with Lekoil Limited (Lekoil Cayman), a Cayman Islands-based litigation asset company with an investment in oil and gas assets in…