African NOCs need to evolve in light of a challenging and disruptive environment –...

National Oil Companies (NOCs) across Africa have an enormous opportunity to secure a more sustainable future by transforming into “national energy companies” (‘NECs’), escaping...

Bumi allows Erin one-off Oyo cargo offtake to enable its debt payment

Bumi Armada Berhad (“Bumi Armada”) refers to its announcements dated 21 June 2017 and 9 August 2017 on the above matter. Further to a meeting...

OPEC scribe hopeful of rebalanced oil markets in 2018

The OPEC Secretary General, Mohammed Barkindo, has said that the global oil market will be rebalanced in 2018, Channels TV reports. Barkindo, who spoke at the...

Russia’s oil cut deal with OPEC may be extended to end of 2018 –...

President Vladimir Putin said Russia is open to extending a deal with OPEC to curb oil supplies to the end of 2018, though he’ll...

Erin Energy obtains funds for new well, suspends hook-up of Oyo-9 well

Erin Energy Corporation (“Erin Energy” or the “Company”) (NYSE American:ERN) (JSE:ERN), today announced that funding commitment has been obtained to drill our high-impact Miocene...

Pan Ocean’s gas flare reduction project registered under Kyoto Protocol

The country's quest to ensure effective gas utilisation received a major boost with the announcement that the gas utilisation project at the Ovade-Ogharafe oil...

Nigerian crude diffs marginally better on delays from Qua Iboe, Forcados

Nigerian differentials are faring better, in part due to shorter November programmes and loading delays on Qua Iboe and Forcados, Reuters reports. The Erha loading...

Lagos’ core interest is gas to power its economy – Commissioner

The Lagos State government yesterday said it is more interested in gas to generate power to run the engine of its economy, The Nation...

TechnipFMC installs 6 manifold modules for Total’s Egina project in Nigeria

The six (6) manifold modules built by TechnipFMC for Total’s Egina project have been successfully installed in the field located offshore Nigeria within OML...

Niger state creates oil & gas dept. as it explores for deposits in Bida,...

Alhaji Mudi Mohammed, the Niger state Commissioner for Mineral Resources, told newsmen in Minna on Thursday that Gov. Abubakar Bello has approved the creation...

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