Oil/Gas Reports

adoke

Malabu Scandal: Court says Adoke ‘not liable’ for obeying Jonathan’s directives

The Court says the former attorney general merely performed his constitutional duties.

Chambers of the Nigerian Senate used to illustrate the story.

Senators trade words over oil producing status of Anambra, Kogi states

The three states are laying claims to being oil producing states.

Oil spill: Agip, host community bicker over compensation, clean-up

Ruptured pipes had discharged 180 barrels of crude into the environment.

Dan Etete

Swiss authorities block bank accounts linked to Malabu Oil scam

Three bank accounts in Lugano, Basel and Geneva were blocked, according to media reports.

OPEC

Russia plans to fully comply with OPEC-non-OPEC oil deal in April – Energy Minister

Russian Energy Minister Alexander Novak made the announcement on Tuesday.

Oil rig

Oil price rises

Brent crude futures were fetching $69.67 per barrel, up 33 cents, or 0.5 per cent.

Shell reports falling profit amid oil price slump

Former Shell Vice-President named in fresh Nigerian oil scandal

Shell admits that a crime might have been committed in the new OML 42 deal.

NNPC TOWERS

PIGB: Marketers advocate two oil industry regulators

“The idea of a single regulator for the entire sector runs contrary to industry standards.”

Bill Gates to Nigerian govt: Shift your attention from oil

Mr. Gates, a billionaire businessman, says Nigerian farmers are failing because of poor funding.

Alleged N650 billion debt: Oil marketers allegedly lay off staff

The marketers say the debt is killing their operations.

oil-barrels

Oil prices rise on Middle East tensions, healthy demand

Brent sweet crude futures were at 67.66 dollars per barrel.

Port Harcourt Refinery

Seven firms bid to buy Zambia’s oil refinery

The refinery produces 24,000 barrels a day of petrol.

NNPC Headquarters, Abuja

Oil prices jump, Brent hits approximately $70

OPEC and other producers have cut output to reduce a global crude glut.

A waterbed filled with oil due to spillage

Shell, Eni negligent over Nigerian oil spills – Amnesty International

“Shell and Eni claim they are doing everything they can to prevent oil spills but Decoders’ research suggests otherwise.”

Lagos High court

After five year-trial, Court clears oil marketer

The judge says prosecution failed to present ‘substantial evidence’ to prove its case.

oil-barrels

Oil price rises towards $70 on reduced U.S. drilling activity, booming job market

Brent sweet crude was at 65.70 dollars per barrel, from their previous close.

NNPC Headquarters, Abuja

Nigeria realised $476.3 million from crude oil, gas exports in December 2017 –NNPC

About 3,342 MW of gas was equivalent delivered to power plants.

We reduced cost of producing barrel of oil to $20 – NNPC

The official speaks on investment in biofuels by the corporation.

NNPC TOWERS

NNPC set to resume oil exploration in Nasarawa – Official

The exploration was suspended because of the killing of an official.

Oil rig

More troubles for Chinese oil firm as Nigerian govt moves to retrieve $3 billion

The government argues that Addax secured illegal benefits during past administrations.

President Muhammadu Buhari (M) flanked by the Vice President Yemi Osinbajo and Naional Chairman Chef John Odigie Oyegun during the Party' 4th National Caucus Meeting held Monday night at the Presidential Villa Abuja. PHOTO; SUNDAY AGHAEZE. FEB 26 2018

PDP squandered $500 billion oil earnings in 16 years – Buhari

The president says he is aware people complain of his slow pace.

Nigeria Stock Exchange (NSE)

Major oil shares fall on Stock Exchange

International Breweries topped the gainers’ table, growing by N2.85 to close at N59.85 per share