Oil & Gas
The Feed
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Aramco seeks one-year extension on $10 billion loan – sources
Saudi Aramco’s profits plummeted last year, but it stuck to a promised $75 billion annual dividend, most of which goes to the…
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Dangote Refinery to sell refined crude to FG in naira – Emefiele
The CBN says the $15bn projects being constructed by the Dangote Group would save Nigeria from expending about 41 per cent of…
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Global oil sector needs $12.6t investment, says OPEC
The OPEC Secretary General, Dr Mohammad Barkindo, disclosed this at the Virtual 11th IEA-IEF-OPEC Symposium on Energy Outlooks on Wednesday.
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No plans to increase petrol price – NNPC assures
By Edith Ike-Eboh The Nigerian National Petroleum Corporation (NNPC) has assured Organised labour and Nigerians that there will be no increase in…
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It’s time to rethink licensing rounds, By NJ Ayuk
While the details vary by country, the licensing round process has, in general, become too prone to delays and uncertainty By…
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Elumelu’s Heirs Holdings acquires 45% OML 17 from Shell, Total, ENI
By Itohan Abara-Laserian Heirs Holdings (HH) an affiliate of Transnational Corporation of Nigeria Plc (Transcorp) has acquired 45 per cent participating interest…
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OPEC: Oil outlook for 1st half of 2021 full of downside risks
The Organisation of the Petroleum Exporting Countries (OPEC) sees plenty of downside risks for oil markets in the first half of 2021.
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ExxonMobil official confirms worker’s death at Qua Iboe facility
A top official of U.S. oil giant, ExxonMobil, has confirmed the death of a staff member of the company in a fire…
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IPMAN directs members to sell PMS at N162 in Kano
The Independent Petroleum Marketers Association of Nigeria (IPMAN), Kano State branch, has directed its members to sell petrol at N162.44 per litre…
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Marginal oilfields licensing rounds: 3 Ijaw leaders ask court to stop Buhari, others
Three Ijaw leaders have approached the Federal High Court in Yenagoa to halt the process leading to bids for marginal oilfields located…
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