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Tag: Bid Rounds

“DPR yet to issue guidelines on marginal field bid rounds”- Auwalu

…Raises concerns about low domestic gas utilisation as penetration remains below 20% The Federal Government, through the Department of...
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Covid-19: Downstream Petroleum Group to complete, equip Abuja Diagnostic Centre

Just when you thought Nigeria’s oil marketing companies were all about their profit margins and clamouring for total market deregulation, the industry’s...

Petrol price may rise as Brent stabilises around $35/barrel

Brent, the oil against which Nigeria’s crude is priced, has hovered around $35 per barrel for about one week, raising concerns of...

Brent crude surges as oil output cuts firm

Brent crude gained on Tuesday’s London trading session, upon clear signs that major oil producers are sticking to commitments to reduce crude...

The world’s smartest oil traders have taken to the seas

The waters off the South African oil storage terminal at Saldanha Bay are getting busy. A small flotilla of tankers full of...