Stakeholders list ways for oil, gas development in Africa
Participants at the ongoing West African International Petroleum Exhibition and Conference (WAIPEC) have offered the way forward for the future of oil and gas on the African continent amidst new global trends and challenges.
Nigeria raises hope on end to gas flaring by 2020
The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has renewed the Federal Government’s commitment to end gas flaring by 2020.
Oil prices rise to $70 on strong economy amid OPEC cuts
Oil prices were firm on Wednesday, receiving ongoing support from healthy economic growth as well as from supply restrictions led by a group of producers around the Organisation of the Petroleum Exporting Countries (OPEC) and Russia.
Respite for Nigeria as crude oil price hits $70 per barrel
Crude oil prices rose above $70 a barrel yesterday, signalling that production cuts by the Organisation of the Petroleum Exporting Countries (OPEC) and non-OPEC had helped in tightening supplies.
Price of brent crude oil rises to $70 on output cuts
The price of brent crude oil rose to 70 dollars a barrel on Monday, supported by ongoing output cuts led by OPEC and Russia, and ignoring a rise in U.S. and Canadian drilling activity that points to higher future output in North America.
Black gold managers reel out expectation for 2018
Ministers of oil resources in Organisation of the Petroleum Exporting Countries (OPEC), have reeled out expected challenges for the global oil sector in 2018.
Oman projects a budget deficit in 2018 on low oil price
The Gulf state of Oman adopted on Monday its 2018 budget projecting a deficit of $7.8 billion due to low oil prices, but said the shortfall is declining.
OPEC countries require $10.5tr to meet oil demand
Members of the Organisation of the Petroleum Exporting Countries (OPEC) are said to require investments of about $10.5trillion to meet the projected increase in global oil demand.