Global oil demand has increased by 2mbpd in H2 2017 – Barkindo

The Secretary General of the Organisation of Petroleum Exporting Countries, (OPEC) Mohammed Sanusi Barkindo has said that an estimated increase of global oil demand...

Nigeria’s Oranto Petroleum confirms Uganda oil exploration deal

Nigeria’s Oranto Petroleum said on Tuesday that it has signed two production sharing agreements with Uganda to explore for oil and gas around Lake...

Tambuwal updates Buhari on oil exploration in Sokoto, others

Governor Aminu Tambuwal of Sokoto State on Monday told journalists that following a recent meeting he had with the GMD of NNPC, Maikanti Baru,...

Separation of NNPC’s regulatory and operational roles critical – PwC

A new report by PricewaterhouseCooper entitled, ‘The new nation builders: Creating the African national oil company of the future,’ has said that political involvement...

Militants no longer a significant threat to Nigeria’s oil production – Osinbajo

Nigeria’s Vice President Yemi Osinbajo, said on Monday at the FT Africa Summit in London that militants in the oil-producing Niger Delta region no longer posed...

Nigeria produced 32.70bn barrels of oil valued at N118.49tn over 47yrs – NBS

The National Bureau of Statistics (NBS) has disclosed that petroleum statistics on crude oil production and refining reflected that a total of 32.70 billion...

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...

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