Saturday 24 June, 2017
Edition: Nigeria
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Category Archives: Oil & Gas

Lens-Thursday 22,2017 The Nigerian National Petroleum Corporation, NNPC, has announced the complete payment of a N450 billion debt it owed the Nigerian government. The Corporation’s  April 2017 monthly financial and operations report...

By Joseph Okafor on Jun 22nd, 2017

WASHINGTON (Bloomberg) — The U.S. Supreme Court left intact a ruling that protects Chevron Corp. from having to pay $8.6 billion in a decades-long battle over oil pollution in Ecuador, rebuffing an American lawyer who was found...

By Joseph Okafor on Jun 19th, 2017

June 14,2017 Lensng LONDON — Oil resumed its decline as industry data showed U.S. crude stockpiles extended gains and as the IEA predicted new output from OPEC’s rivals will exceed demand growth next year. Futures lost...

By Bloomberg on Jun 14th, 2017

June 14,2017 Lensng- 7:48 AM Emerging signs that confidence is returning to the oil and gas sector and a resilient labour market have helped ensure Scotland’s economic outlook remains positive, a new report has found. However, the latest...

By Joseph Okafor on Jun 14th, 2017

Lensng-Tue June 13,2017 CALGARY — Canada will need more pipelines built through to 2030 to transport an additional 1.3 MMbpd of oil sands production to markets across North America and around the world, the Canadian Association...

By Joseph Okafor on Jun 13th, 2017

LONDON (Bloomberg) — As OPEC and its partners last month agreed on prolonging production cuts, the group’s output was climbing the most since November as members exempt from the deal restored lost supply. Production jumped by...

By Joseph Okafor on Jun 13th, 2017

June 9,2017 Days after Northern youths issued quit notice to Igbos in the region, militant group in the Niger Delta, New Delta Avengers have declared war on Federal Government of Nigeria and oil companies in the region. The militant group...

By Joseph Okafor on Jun 9th, 2017

The Minister of Finance, Kemi Adeosun, says no laws have been breached by the ministry in the process of engaging pre-shipment inspection agents and monitoring and evaluation agents for oil and gas exports from Nigeria, Lensng reports. The...

By Joseph Okafor on Jun 8th, 2017

June 8,2017 It emerged Monday that revenue agencies do not bother to investigate and confirm claims on crude oil production and sale by the Nigerian National Petroleum Corporation ((NNPC), ThisDay reports. At the resumed hearing of the...

By Joseph Okafor on Jun 8th, 2017

NEW YORK (Bloomberg) — U.S. crude production will average more than 10 MMbopd for the first time in 2018, breaking a record almost five decades old and keeping prices from rising as much as previously estimated, government forecasts...

By Joseph Okafor on Jun 8th, 2017