Brent steady above $111 on stronger demand outlook for oil

Brent crude held steady above $111 a barrel on Tuesday on an improving demand outlook after recent strong global economic data and on worries...

Investors woo Century Energy Services

A number of leading local and international private equity and investment firms are said to be actively looking into potential investments in Nigeria’s oil...

Brent climbs above $110

Brent crude edged above $110 per barrel on Monday as Chinese industrial activity clung to an 18-month high and on continued supply disruptions in...

‘Inject $600m capital into gas sector’

About $600million new capital investment is required to grow the Nigerian liquefied natural gas value chain to an enviable height, the Managing Director, Rivers Bank...

External reserves set to hit one-year low

The external reserves, which have been depleting very fast in the last few weeks, have dropped to $44.5bn, according to the latest data from...

Revenue allocation shortfall undermines Lagos capital projects

The Lagos State Government at the weekend blamed the delay in the execution of capital projects under the 2013 fiscal regime on the shortage...

Oil/gas index leads with 94% growth

Less than one month to the end of the year the oil and gas sector of the stock market has maintained its lead, recording...

Alison-Madueke: Proceeds from oil theft are stashed abroad

The Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, has said revenues from the sale of Nigerian crude oil that is constantly stolen by oil...

Oando provides an update on the acquisition of ConocoPhillips Nigerian business

Oando Energy Resources has announced that it has entered into an amendment agreement with ConocoPhillips in relation to the proposed acquisition by the Company...

Brent lines up November gains

Brent crude oil firmed slightly on Friday and looked set to post the biggest monthly gain since August as prolonged unrest in Libya kept...

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