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Oil News

LEKOIL’s Otakikpo field set to increase volume to 20,000 barrels...

Jun 21, 2019 LEKOIL (AIM: LEK), the Africa focused oil and gas exploration and production company with interests in Nigeria,...

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• June 21, 2019
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Oil News

U.S. surpasses Nigeria in oil exports, slashes imports

Jun 21, 2019 By the editor The US has significantly reduced imports of Nigerian crude oil in the past few...

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• June 21, 2019
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Oil News

NNPC assures pipeline fire won’t lead to petrol scarcity

Jun 20, 2019 A serial fire outburst on major petroleum products artery operated by the Nigerian National Petroleum Corporation (...

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• June 21, 2019
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Oil News

Renewable Energy Unlikely to Overtake Oil in Decades – Barkindo

By Chineme Okafor Abuja — The Secretary General of the Organisation of Petroleum Exporting Countries (OPEC), Dr. Mohammad Barkindo, has...

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• June 19, 2019
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Oil News

Navy Destroys 50 Illegal Refineries in Delta Creeks

By Chiemelie Ezeobi As part of its continuous fight against crude oil theft and pipeline vandalism in the Niger Delta,...

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• June 19, 2019
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Oil News

Nigeria’s daily oil production now 2.2mb at $22 per barrel...

Nigeria’s daily oil production has exceeded the 2.3 million barrel per day benchmark for the 2019 budget. The Group Managing...

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• June 19, 2019
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Oil News

Ascon Oil GMD laments over problems in Nigeria’s downstream sector

Jun 18, 2019 By Stephen U.C, Abuja Mrs. Grace Bose Olowofoyeku, the Group Managing Director (GMD) and Chief Executive of...

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• June 17, 2019
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Oil News

Seven banks sign $640m agreement to refinance Neconde Energy’s OML...

Jun 17, 2019 A consortium of seven local and international lenders has signed an agreement to refinance Neconde Energy Limited’s...

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• June 17, 2019
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Oil News

Africa set to be the top region for Chinese oil...

Jun 17, 2019 By the editor China’s national energy companies are set to channel more of their overseas investment to...

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• June 17, 2019
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Oil News

Tanzanian petrol prices up, diesel down as Shilling gains

Petrol prices have gone up across the country this month but prices for diesel imported in the country through Dar...

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• June 15, 2019
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