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Monday, September 21, 2020

Don’t Hold Your Breath For Deeper OPEC Cuts

By Nick Cunningham of Oilprice.com The rally in oil prices over the past two weeks came to a halt on Wednesday on news that OPEC is actually exporting more oil than previously thought. A month ago, oil prices appeared to be higher than they should have...

Nigeria approves national gas policy to curb dependence on crude

ABUJA, July 5 - Nigeria's cabinet has approved a national gas policy that aims to reduce the country's dependence on crude oil by increasing gas exploration and facilities, the oil ministry said in a statement. The policy was passed in last week's cabinet session but...

Baker Hughes, GE merge to create ‘World’s largest oilfield services provider’

By Babatunde Akinsola   Uniquely Positioned to Drive Productivity, Lower Costs and Innovate Globally for Customers Lagos Nigeria, July 4, 2017/ -- Baker Hughes, a GE  company  announced today that the transaction combining GE’s oil and gas business with Baker Hughes is complete. The new company...

NLNG backs upgrading of three jetties with N150m

The management of Nigeria Liquefied Natural Gas (NLNG) has said that about N150 million had been invested to upgrade three jetties in Lagos to boost Liquefied Petroleum Gas (LPG) supply to domestic market. Mr Tony Attah, Managing Director, NLNG disclosed this on Tuesday during a...

China’s West African oil imports slip in July to 10-month low

China's loadings slip as it digests earlier purchases Bookings to India hold near multi-month high Australia, Thailand and Malaysia also book cargoes By Libby George LONDON, June 30 - China's West African crude oil loadings are set to slide for a second month in July...

Schlumberger Signs $700 Million Oil-Field Deal in Nigeria

Nigeria’s state-owned oil company said it signed a deal with Schlumberger Ltd. to provide $700 million for the development of two oil fields in the country’s crude-rich south. The Anyala and Madu fields, estimated to have reserves of 193 million barrels of crude and 800...

NNPC retains 60% stake in $700 mln joint venture

YENAGOA, Nigeria June 29 - Nigeria's state oil company said on Thursday it had agreed a joint venture to cover the more than $700 million cost of developing new oil fields in its southern Niger Delta energy hub. The Nigerian National Petroleum Corporation (NNPC)...

Cross Rivers State gov to build new 26MW gas power plant for Tinapa

The Cross River State Government has announced plans to commence the construction of another 26MW gas powered turbine plant in Tinapa, Calabar. This is coming few weeks to the completion of a 21 megawatt power plant in Calabar. Funded by Export-Import Bank of India and the...

Controversial Nigerian Oil Investor Owns $50.9m Worth Manhattan Condo Foreclosure

Kola Aluko part of probe into diverted government funds Auction of $50.9 million One57 condo scheduled for next month The owner of a $50.9 million Manhattan condo that is scheduled to be sold at a foreclosure auction next month is Kolawole “Kola” Aluko, a...

France says Nigeria remains first economic partner in Africa

considers €1billion investment in Nigeria’s oil and gas industry The French government has said that it has set aside about one billion Euros to be invested in the Nigeria oil and gas industry, stating that Nigeria remains her first economic trading partner in Africa. The...
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