26 C
Lagos
Friday, April 3, 2020
No menu items!

OIL AND GAS

Oil price slump exposes Nigerian banks to severe risk

Nigerian banks' credit profiles face severe risks from the oil price slump and operating environment disruption due to the coronavirus pandemic, Fitch...

Worldwide offshore rig count drops in March year-over-year

The worldwide offshore rig count in March 2020 has dropped four rigs sequentially and year-over-year, according to rig count reports by Baker...

OPEC+ producers debate possible oil cuts of 10 mln bpd

The OPEC+ crude oil exporter group is debating cutting global supply by 10 million barrels per day (bpd), an OPEC source said...

MARITIME NEWS

Apapa, Tin Can Ports to continue operations amid covid-19 lockdown

…As NPA suspends demurrage …NCDC clarifies confirmed cases on vessels In line with the mandate of the International...

NPA, NCDC bicker as Nigeria imposes vessel restrictions

...Ports Authority, disagree over suspected cases onboard Nigeria will only allow cargo vessels that have been at sea for...

Samsung Heavy Industries expands Lagos shipyard

With a new land lease from the Nigerian Port Authority (NPA), Samsung Heavy Industries Nigeria (SHIN) has said its fabrication and integration...

EXECUTIVE INSIGHTS

“Nigeria petroleum market over-regulated; margins, under-priced” – Stockman, OVH CEO

In what experts have described as the most fragmented downstream petroleum market in the world, endless opportunities lie in the recesses of an untapped...

Isong: Against Killer Subsidies and Risky Pricing

With over 30 years’ experience in the oil and gas industry, Clement Isong, Executive Secretary, Major Oil Marketers Association of Nigeria (MOMAN) is a...

ENYO, FIFA and a Champion’s Story

Abayomi Awoboku, Chief Executive Officer of ENYO Retail and Supply, is good at pushing buttons – on the game-pad, on the keyboard or on...

INTERVIEWS

Stereotypes, Water Transport and an emerging Megacity

With a population closing in on 20 million residents, Lagos State is arguably the one of the fastest growing cities in the...

Oil marketers afraid of moving products by rail – NRC MD

The Acting Managing Director, Nigerian Railway Corporation, (NRC), Engr. Fidet Okhiria, speaks on the railway infrastructure development plans of the Federal Government...

Full text of Interview with Shiraz Gany

What are your thoughts regarding the recent announcement by Federal Government of price deregulation for the country’s petroleum industry?

FEATURES

Year of Gas: Nigeria backs initiative with financing

A state guarantee for the bulk of the financing needed for a big pipeline project suggests Nigeria is serious about boosting domestic...

Demise of the Petrostates

The oil price crash is an existential threat to petrostates from Nigeria to Iran, where governments rely on oil wealth to stabilize...

Kyari and the Burden of Broken Promises

Following a pattern established by his predecessors upon assumption of the apex office of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari,...
- Advertisement -
- Advertisement -
Advertisment

LATEST ARTICLES

Oil price slump exposes Nigerian banks to severe risk

Nigerian banks' credit profiles face severe risks from the oil price slump and operating environment disruption due to the coronavirus pandemic, Fitch...

Worldwide offshore rig count drops in March year-over-year

The worldwide offshore rig count in March 2020 has dropped four rigs sequentially and year-over-year, according to rig count reports by Baker...

OPEC+ producers debate possible oil cuts of 10 mln bpd

The OPEC+ crude oil exporter group is debating cutting global supply by 10 million barrels per day (bpd), an OPEC source said...

Covid-19: DPR issues staff reduction notice to Oil Companies

Nigeria’s Department of Petroleum Resources ordered oil and gas companies on Thursday to reduce their workforce and practice social distancing, tightening measures...

OPEC’s daily basket oil price slumps to below $17 a barrel

The Organization of the Petroleum Exporting Countries (OPEC) said on Thursday its daily basket oil price fell to $16.87 a barrel on...

LPG dealers get exemption from lockdown

Cooking gas retailers have obtained an exemption from the lockdown, the Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) said on Wednesday.

FG sets new PMS pump price at N123.5/litre

The Federal Government on Tuesday night reduced the price of Premium Motor Spirit (PMS), also known as petrol, from N125/litre to N123.5/litre.

Apapa, Tin Can Ports to continue operations amid covid-19 lockdown

…As NPA suspends demurrage …NCDC clarifies confirmed cases on vessels In line with the mandate of the International...

Nigeria braces as oil prices sink below $20

As countries of the world continue to battle the spread of coronavirus, oil prices crashed below $20 amid a supply glut on...

DSDP: Domestic utilisation gulped 8,621,658 barrels in November 2019

…no delivery to local refineries Over 8 million barrels of crude oil were processed in November 2019 for domestic...

Most Popular

Oil price slump exposes Nigerian banks to severe risk

Nigerian banks' credit profiles face severe risks from the oil price slump and operating environment disruption due to the coronavirus pandemic, Fitch...

Worldwide offshore rig count drops in March year-over-year

The worldwide offshore rig count in March 2020 has dropped four rigs sequentially and year-over-year, according to rig count reports by Baker...

OPEC+ producers debate possible oil cuts of 10 mln bpd

The OPEC+ crude oil exporter group is debating cutting global supply by 10 million barrels per day (bpd), an OPEC source said...

Covid-19: DPR issues staff reduction notice to Oil Companies

Nigeria’s Department of Petroleum Resources ordered oil and gas companies on Thursday to reduce their workforce and practice social distancing, tightening measures...