REA deploys solar energy in isolation centers to combat coronavirus

Vincent Nwanma Apr 15, 2020

Oil falls below $20 as IEA says storage capacity low despite cuts

Nigeria's fiscal woes deepen as oil crashes below $20 for first time since OPEC supply cut deal

These 5 countries are Africa’s next great oil discovery frontier

San Leon give details of $40m received for OML 18 development

Condensate to the rescue as new OPEC deal pushes Nigeria oil production below revised 2020 budget

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Energy

How to choose a viable field – Ayodele Oni

BusinessDay Apr 14, 2020

The Minister of State for Petroleum disclosed plans for a marginal oil and gas fields licensing round, this year. Practical...

Half of marginal field bidders cannot pay signature bonuses

Marginal field bid rounds: Doing things right or doing the right things?

Isaac Anyaogu Apr 14, 2020

The Federal Government of Nigeria is holding a bid round for marginal fields in a few weeks which is expected...

Saudis offer Asian buyers steepest discount in 20 years as market remains tough

Lucky Nwanekwu Apr 14, 2020

Saudi Arabia and its OPEC+ allies might have just signed off on one of the most notable oil output deals...

Shell lifts ‘Force Majeure’ on Forcados off-take Monday

Vincent Nwanma Apr 13, 2020

Shell Petroleum Development Company (SPDC) says it has lifted the ‘Force Majeure’ it placed since April 6, 2020, on Forcados...

Oil Higher as Price War Ends With Historic Deal to Cut Output

Lucky Nwanekwu Apr 13, 2020

The world’s top oil producers pulled off a historic deal to cut global petroleum output by nearly a 10th, putting...

Oil under pressure as doubts arise over record OPEC+ supply cut deal

Lucky Nwanekwu Apr 13, 2020

Oil has surrendered gains after rising in early trading as investors weighed whether an unprecedented deal by the world’s biggest...

Nigeria brings to effect agreement to cut 9.7m/bpd of crude oil

Vincent Nwanma Apr 12, 2020

The Minister of State for Petroleum, Timipre Sylva, has said that, effective from Sunday, April 12, 2020, Nigeria joined its...

Analysts fear Nigeria, Iraq are at brink of collapse

OPEC+ alliance agree to historic 9.7m barrels a day Cut

Vincent Nwanma Apr 12, 2020

The Organisation of Petroleum Exporting Countries and its oil-producing allies on Sunday finalised a historic agreement to cut production by...

Goldman Sachs, others say OPEC’s historic deal still insufficient to support oil price

Oladehinde Oladipo Apr 12, 2020

Goldman Sachs and other major global investment banking firms reckon the new deal agreed by some of the world’s biggest...

AA Rano, Petrogas, MRS, others get Nigeria’s first marginal fields in 18yrs

As oil income falls, FG considers selling marginal oil field licences

Isaac Anyaogu Apr 11, 2020

The Federal Government is holding a bid round for marginal fields in a few weeks’ time which is expected to...

‘There is need for more clarification on National Gas Network Code’

Olusola Bello Apr 10, 2020

Ola Alokolaro, a partner and head of Energy and Infrastructure with Advocaat Law Practice, a full-service commercial law firm in...

OPEC+: Nigeria to cut oil supply as it enforces member countries' directive

Harrison Edeh Apr 10, 2020

The Nigerian government has joined other Orgsnisation of Petroleum Exporting Countries (OPEC+) counterparts in a historic curtailment of crude oil...

G20 backs biggest oil supply deal in history

Lucky Nwanekwu Apr 10, 2020

The US and the G20 called on the world’s leading countries to take all the necessary measures to stabilize an...

As oil income fall, Nigeria considers selling marginal oil field licenses

Isaac Anyaogu Apr 10, 2020

The Federal Government of Nigeria is holding a bid round for marginal fields in a few weeks’ time which is...

US and Canada discuss putting tariffs on Saudi and Russian oil

Global Oil market conditions horrifying says OPEC’s Barkindo