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Tuesday, January 17, 2017

Integrated oil boss calls for full deregulation of downstream sector

Emmanuel Iheanacho, Chairman, Integrated Oil and Gas Ltd, on Thursday said that full deregulation of the downstream sector remained the best option to attract...

EKEDP announces power outage

Eko Electricity Distribution Plc (EKEDP) has announced that there will be interruption in power supply to some areas within its network between the hours...

FG plans to issue new oil licences to fund the 2017 budget

The Federal Government has proposed a N7.29 trillion budget for next year, even as it plans to explore new sources of revenue during the 2017...

OPEC Deal to Create Oil-Supply Deficit Next Half, IEA Says

OPEC has agreed to cut output by 1.2 mb/d from January 2017 and secured a reduction of 558 kb/d from non-OPEC.As OPEC was deciding...

Nigeria to boost oil production to 2.1m bpd in Jan-Kachikwu

Minister of State for Petroleum Resources Dr. Emmanuel Ibe Kachikwu yesterday said Nigeria hopes to boost its oil production to 2.1 million barrels per...

Senate’ll pass PIB in January, Saraki assures

*As NNPC welcomes moves to be split into three entities *Labour demands workers’ interests in new law Senate President, Bukola Saraki, yesterday, said the protracted Petroleum...

OPEC deal sends oil spiking 14% in 3 days, ending 17-month high at $51.68/barrel

Don't blink. You might miss another jump in oil prices. Crude has spiked 14% in just the past three days, ending Friday at a 17-month...

Saudi king showcases mining hub in push to move beyond oil

Saudi Arabia's King Salman underlined the kingdom's intention to invest heavily in speeding up is diversification away from oil exports with the inauguration on...

Oil prices too low for OPEC

Oil prices are too low for the taste of Opec, the Organization of the Petroleum Exporting Countries. So the oil producers' group has agreed in...

Iran, Iraq at loggerheads with Saudis ahead of OPEC meeting

Iran and Iraq are resisting pressure from Saudi Arabia to curtail oil production, making it hard for the Organization of the Petroleum Exporting Countries...

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Lufthansa dispels bomb scare rumours

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