‘Indigenous oil firms capable of wading through economic turbulence’
Indigenous oil firm, AOS Orwell has expressed confidence in the Nigerian oil and gas industry despite the harsh operating environment
OPEC, allies likely to extend oil supply cuts until June
OPEC and its allies are likely to extend existing oil output cuts when they meet next month until mid-2020, with non-OPEC oil producer Russia supporting Saudi Arabia’s push for stable oil prices amid the listing of state oil giant Saudi Aramco.
Obasanjo advocates collaboration for a strong energy future
Former President Olusegun Obasanjo has identified the need for collaboration among African countries, especially the oil-producing countries, in the area of technology and adoption of renewable energy for sustainability in the oil and gas industry.
End gas-flaring in Niger Delta now, environmentalists tell Buhari
The Federal Government has been charged to end gas-flaring in the Niger Delta communities following its devastating impact on the health of the people and the environment.
Stakeholders seek end to inequality in oil, gas sector
Stakeholders in the oil and gas sector in Nigeria have called for gender equality in the sector as a means to enhance sustainable development in the industry. The stakeholders, at the 4th Women-in-PENGASSAN (WIP) National Conference in Abuja...
Niger may soon join oil-producing states
The Department of Petroleum Resources (DPR) has disclosed that Niger State has prospects of joining oil-producing states if the hydrocarbon deposit in Bida Basin is in commercial quantity.
OPEC downgrades forecast for global oil demand growth
The Organization of the Petroleum Exporting Countries (OPEC) has downwardly revised its forecast for global oil demand growth over both the medium-term and long-term, citing tough market conditions and “signs of stress” in the world economy.
Nigeria moving away from oil dependence - Osinbajo
Vice President Yemi Osinbajo says Nigeria is in the process of moving its economy away from dependence on oil. Laolu Akande, Osinbajo’s spokesman, in a statement, said that the vice president stated this while receiving a delegation from Nicaragua on Tuesday at the Presidential Villa, Abuja.
OPEC October oil output rises on swift Saudi recovery, says survey
OPEC oil output has bounced in October from an eight-year low as a rapid recovery in Saudi Arabian production from attacks on oil plants more than offset losses in Ecuador and voluntary curbs under a supply pact, a Reuters survey found.