Echoes from Crippled Petroleum Depots

While stakeholders in Nigeria’s oil industry have openly supported the total deregulation of the downstream sector, citing the move as a catalyst for growth and optimization of the entire downstream value chain, some of their counterparts, especia

Editor Wed, 07/19/2017 - 21:17
SON Perspectives on Ease of Doing Business

In what can be considered a reaction to the Executive Order banishing government agencies from the port premises, the Standards Organisation of Nigeria (SON), has set the ball rolling on the implementation of aspects of the Executive Order on ease

Editor Tue, 07/18/2017 - 20:55
Oando, NAOC, NNPC express commitment to rehabilitate refineries

Three stakeholders – Oando PLC, Nigerian Agip Oil Company, and Nigerian National Petroleum Company (NNPC) – have expressed commitment towards the rehabilitation of the nation’s refineries.

Editor Tue, 07/18/2017 - 09:27
Oando's shares shed 10% over regulatory investigation

Shares in Nigerian oil company Oando fell close to a one-month low on Monday on news that regulators were investigating the firm's shareholding structure following its $1.65 billion acquisition of ConocoPhillips' Nigerian business.

Editor Tue, 07/18/2017 - 09:19
OPEC’s Oil Cut Compliance dips to 6-month low- IEA

The Organization of the Petroleum Exporting Countries, OPEC’s compliance with production cuts fell in June to its lowest levels in six months as several members pumped much more oil than allowed by their supply deal, thus delaying market rebalanci

Editor Tue, 07/18/2017 - 08:57
Tank Farm Fire: NNPC Allays Fears of Scarcity

The Nigerian National Petroleum Corporation (NNPC) has advised consumers of Petroleum products across the country not to engage in panic buying as a result of the fire incident which occurred in the wee hours of Saturday July 15 at a tank farm at

Editor Tue, 07/18/2017 - 07:49
Executive Order: NPA to Implement Single Interface for Cargo Examination

Rising from a meeting of the Implementation Committee on the Executive Orders recently issued by the Acting President, Prof.

Editor Mon, 07/17/2017 - 09:59
Agusto & Co, GCR assign Forte Oil Investment Grade Ratings

Foremost ratings and research agencies, Agusto & Co. and Global Credit Rating Co. (GCR), have affirmed Forte Oil Plc investment grade rating.

Editor Mon, 07/17/2017 - 09:30
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