Protesters picket EKEDC’s HQs over lack of electricity
OpeOluwani Akintayo 31 July 2017 Sweetcrude, Lagos – A group of angry protesters picketed the office of the Eko Electricity Distribution Co...
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Iran begins high-quality LPG production
31 July 2017, Tehran — Iran now is producing the most high-quality liquefied petroleum gas (LPG) as a strategic product in its South Pars G...
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Shell plans 400 job cuts
31 July 2017, Sweetcrude, Lagos — Royal Dutch Shell Plc plans to cut more than 400 jobs in the Netherlands, mainly at its major projects an...
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Boko Haram can’t stop oil search in Chad Basin – UNIMAID VC
Senior lecturers of the university and staff of the Nigerian National Petroleum Commission (NNPC) were part of the team ambushed by Boko Ha...
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Kerosene explosion claims 4 children in Rivers
Mkpoikana Udoma 31 July 2017, Sweetcrude, Port Harcourt – Four children of same parents in Ozuoba community, Obio/Akpor Local Government Ar...
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Total invests $10bn in Nigeria’s oil and gas sector
Chuks Isiwu 31 July 2017, Sweetcrude, Lagos – Multinational oil company, Total, has invested $10 billion in Nigeria oil and gas sector in t...
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Financial market products & services update
31 July 2017, Sweetcrude, Lagos — The local and international financial market products and services update. NIGERIA: As a half year, 2017 ...
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OPEC daily basket price close at $49.46/b
31 July 2017, Sweetcrude, Vienna, Austria — The price of OPEC basket of fourteen crudes stood at $49.46 a barrel on Friday, compared with $...
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Nigeria govt to shut non-performing refineries
Ike Amos …Says Kaduna refinery likely to fail 30 July 2017, Sweetcrude, Lagos — The Federal Government has stated that it would close down ...
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MOMAN to explain N329bn recovered from Oando, others by EFCC
OpeOluwani Akintayo 31 July 2017, Sweetcrude, Lagos – The Major Oil Marketers Association of Nigeria, MOMAN, has said that it will later th...
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Youths barricade Eroton Oil in Rivers over alleged marginalisation, others
Mkpoikana Udoma 31 July 2017, Sweetcrude, Port Harcourt – Youths of Bakana in Degema Local Government Area of Rivers State barricaded the e...
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How govt, market operators want NSE demutualised
30 July 2017, Sweetcrude, Lagos – The Nigerian Government has expressed its support for the current efforts by the National Assembly to am...
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Nigeria’s aims to diversify as ‘era of oil booms’ ends
30 July 2017, News Wires – Nigeria plans to cut its oil exploration costs and move away from reliance on crude for export revenues, accordi...
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Tullow plans more Ghana wells once maritime-border spat settled
30 July 2017, News Wires – Tullow Oil Plc plans to drill more wells off Ghana once a ruling on a border dispute is out of the way. Ghana a...
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Dangote remains Africa’s richest man
30 July 2017, Lagos – Although, Africa’s richest man, Nigerian Aliko Dangote dropped to 105th on the 2017 Forbe’s real-time billionaires’ r...
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Egypt: IFC approves investment in world’s largest solar photovoltaic generation park
30 July 2017, Sweetcrude, Cairo — Cairo — The Board of Executive Directors of IFC, a member of the World Bank Group, approved on July 20 an...
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Mauritius to benefit from Indian expertise in energy sector
30 July 2017, Port Louis — A five-member Indian delegation from the energy sector paid a courtesy call on the Deputy Prime Minister and Min...
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Tanzania: Talks on Sh67tr LNG plant reach crucial stage
30 July 2017, Dar es Salaam — International oil companies engaged in the construction of a Sh67-trillion) $30-billion liquefied natural gas...
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EFCC’s N329bn recovery from Forte Oil, Total, Oando, others
*MOMAN to release report this week OpeOluwani Akintayo 30 July 2017, Sweetcrude, Lagos — The Major Oil Marketers of Nigeria (MOMAN), has sa...
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Nigeria’s former Finance Minister Okonjo-Iweala named Director at UK bank
30 July 2017, Sweetcrude, Lagos — Dr Ngozi Okonjo-Iweala, has been named an independent non-executive director at Standard Chartered PLC. S...
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Nigeria, Equatorial Guinea, Angola export over 20m tonnes LNG yearly
OpeOluwani Akintayo 30 July 2017, Sweetcrude, Lagos —Nigeria, Equatorial Guinea and Angola export a combined amount of 20 million metric to...
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Shell welcomes proposal to phase-out vehicles powered by fuel from France, Britain
OpeOluwani Akintayo 30 July July 2017, Sweetcrude, Lagos — Royal Dutch Shell, has welcomed proposals from France and Britain to phase-out v...
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Nigeria govt demands increased representation in IMO Council
Vincent Toritseju 30 July 2017, Sweetcrude, Lagos — THE Association of African Maritime Administration, AAMA, has called for increased repr...
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Nigeria earns N325bn from PPT, royalties
Ike Amos 29 July 2017, Sweetcrude, Lagos — Nigeria earned N325.38 billion from Petroleum Profit Tax (PPT) and royalties from oil and gas co...
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Nigeria oil earnings dip by N65bn
Ike Amos 29 July 2017, Sweetcrude, Lagos — Nigeria’s crude oil revenue dipped by N65.3 billion to N238.1 billion in the month of May 2017, ...
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OPEC Secretary General meets with the President and Prime Minister of Equatorial Guinea
29 July 2017, Sweetcrude, Lagos — OPEC Secretary General, HE Mohammad Sanusi Barkindo, met yesterday with the President of Equatorial Guine...
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Subsidy: NNPC records N68bn under recovery
Ike Amos 29 July 2017, Sweetcrude, Lagos — The Nigerian National Petroleum Corporation (NNPC) has borne a loss of N67.719 billion, listed a...
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Resign if you are not capable, House Committee on Steel slams Ministers
*Every company & the individuals involved in Ajaokuta mess shall be held accountable – Hon Akinlade OpeOluwani Akintayo 29 July 2017, S...
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Oil hits two-month high in strongest week of the year
29 July 2017, New York — Oil ended its strongest week this year with a surge on Friday, built on receding fears of oversupply, as U.S. crud...
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African LNG exports to get boost from offshore projects
29 July 2017, Dakar — Cameroon plans to begin exporting liquefied natural gas later this year using a newly designed offshore plant that an...
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Halliburton to pay $29.2m to settle US charges tied to Angola
29 July 2017, Washington — Oil company Halliburton Co will pay $29.2 million to settle civil charges it violated federal anti-bribery rules...
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Pemex crude output drops slightly in June, exports up 21 percent
29 July 2017, Mexico City — Mexican national oil company Pemex’s crude output dropped slightly in June compared with the previous month, wh...
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Physical oil market tightens as refiners scramble for crude
29 July 2017, London — Physical crude markets are at last showing signs of tightening as record refinery consumption in the United States c...
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Exxon Mobil profit disappoints Wall Street, Chevron shines
29 July 2017, Houston — Exxon Mobil Corp (XOM.N) posted a rare earnings miss on Friday, the only international oil producer to do so last q...
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10 burnt beyond recognition as petrol tanker, bus collide in Lokoja
28 July 2017, Lokoja – Ten people were burnt beyond recognition while six others sustained serious injuries when a petrol tanker went up in...
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NSE All-Share Index hits 37,000 mark
28 July 2017, Lagos- Investors on the Nigerian Stock Exchange (NSE) on Thursday continued to react positively to half year earnings season ...
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NUPENG threatens strike in Abuja over dispute with AMCON
The retrenchment of the workers followed the company’s indebtedness to a commercial bank to the tune of N25 billion which led to AMCOM taki...
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Daily power generation peak at 4,079MW in Q2 2017
Similarly, the highest daily energy generated per hour attained a peak of 97,891 MWh on the 29th, May 2017 and daily energy sent out per ho...
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Cars using gas as fuel to hit 60 million by 2020 – NIPCO boss
…urges govt on gas use to power vehicles OpeOluwani Akintayo 28 July 2017, Sweetcrude, Lagos — Managing Director, NIPCO, Mr. Sanjay Teotia,...
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Chevron wins court case over fraudulent arbitrary awards
OpeOluwani Akintayo 28 July 2017, Sweetcrude, Lagos — The Appeals Court of The Hague, has ruled in favor of Chevron Corp., upholding a 2016...
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Chevron swings to quarterly profit as costs drop
28 July 2017, San Ramon, California — Chevron Corp (CVX.N) swung to a quarterly profit on Friday, helped largely by a resurgence in oil and...
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ExxonMobil earns $3.4b in Q2 2017
28 July 2017, Sweetcrude, Lagos – Exxon Mobil Corporation announced Friday estimated second quarter 2017 earnings of $3.4 billion, or $0.78...
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Shell announces 31% rise in net income Q2
28 July 2017, Sweetcrude, Lagos – Royal Dutch Shell has announced that its net income for second quarter of the year, shot up by 31 percent...
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NNPC importing crude oil from Chad, Niger Republic: More reactions
OpeOluwani Akintayo 28 July 2017, Sweetcrude, Lagos —More reactions have continued to trail the Nigerian National Petroleum Corporation, NN...
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Nigerian Senate to amend 3 power-related bills
OpeOluwani Akintayo 28 July 2017, Sweetcrude, Lagos — The Nigerian Senate is currently working on amending three power-related bills, Sweet...
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World oil transit chokepoints released by U.S. EIA
28 July 2017, Sweetcrude, Washington, D.C. — “World chokepoints for maritime transit of oil are a critical part of global energy security. ...
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Nigeria: Transmission capacity in Ajah increase to 220MVA
Michael James 28 July 2017, Sweetcrude, Lagos — Transmission capacity in Ajah sub station in Lagos has increased to 220MVA sequel the insta...
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ExxonMobil earns $3.4b in Q2 2017
28 July 2017, Irving, Texas — Exxon Mobil Corporation on Friday July 28th, 2017 announced estimated second quarter 2017 earnings of $3.4 bi...
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Nigerian govt takes delivery of two new locomotives at ENL Terminal
Vincent Toritseju 28 July 2017, Sweetcrude, Lagos — The Nigerian Government yesterday took delivery of two double-end drivers’ cabin standa...
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Financial market products & services update
28 July 2017, Sweetcrude, Lagos — The local and international financial market products and services update. NIGERIA: The naira yesterday a...
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Lagos - Improved margins and freight rates have boosted price offers for both heavy and sweet West African crude oil as at Friday, November ...
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Lagos - Improved margins and freight rates have boosted price offers for both heavy and sweet West African crude oil as at Friday, November ... -
Mkpoikana Udoma Port Harcourt - The Ijaw Youth Council, IYC worldwide has threatened to shut down the head office of the Niger Delta Develop...