South Sudan rebel leader Machar returns to mark peace deal
01 November 2018, News Wires — South Sudan rebel leader Riek Machar returned to the capital Juba on Wednesday to celebrate a peace deal, mo...
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NNPC subsidiary resumes international shipping of crude oil
31 October 2018, Sweetcrude, Lagos — The Nigerian National Petroleum Corporation (NNPC), says its subsidiary, NIDAS Shipping Services, has ...
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Nigeria, West Africa loses over $2bn annually to fish theft – GGC boss
Vincent Toritseju 31 October 2018, Sweetcrude, Lagos — The Gulf of Guinea Commission, GGC, has said that fish theft from the region has inc...
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Nigeria advocates harmonized framework for enhanced cargo movement
Vincent Toritseju 31 October 2018, Sweetcrude, Lagos — Nigeria through the Nigerian Ports Authority, NPA has called for a harmonized legal ...
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NERC commissions 1.5MW independent power project
31 October 2018, Sweetcrude, Lagos — The Nigerian Electricity Regulatory Commission, NERC, has commissioned the 1.5 megawatts Sura independ...
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Baker Hughes swings to profit but misses forecasts, shares slide
31 October 2018, News Wires — General Electric Co’s Baker Hughes on Tuesday said improving oil markets helped it post a third-quarter adjus...
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China’s Sinopec Q3 profit up 60 pct on year, but down from record Q2
31 October 2018, News Wires — Chinese oil and gas major Sinopec’s net profit rose to 18.38 billion yuan ($2.64 billion) in the third quarte...
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Petrobras says in filing fertilizer units to be halted in Jan
31 October 2018, News Wires — Brazilian state-controlled oil company Petroleo Brasileiro said in a filing on Tuesday that fertilizer plants...
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Investors begin receiving payment PDVSA 2020 bond: sources
31 October 2018, News Wires — Investors have started to receive payment of interest and principal on Venezuelan state oil company PDVSA’s 2...
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South Sudan rebel leader to return to capital to seal peace deal – spokesman
31 October 2018, News Wires — South Sudan rebel leader Riek Machar will return to the capital Juba to celebrate a peace deal on Wednesday, ...
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Libyan state oil firm demands pay increases for oil workers
31 October 2018, News Wires — The chairman of Libya’s state oil firm National Oil Corp (NOC) has asked the central bank to increase salarie...
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PetroChina third quarter results rise to highest in four years
31 October 2018, News Wires — Third-quarter net profit for PetroChina, Asia’s largest oil and gas producer, surged to their highest since S...
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Turkish ship to drill for oil and gas in Mediterranean – Minister
31 October 2018, News Wires — A Turkish ship will start drilling for oil and gas in the Mediterranean on Wednesday, Energy Minister Fatih D...
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Next-wave LNG race hits hurdles in U.S.-China trade war
31 October 2018, News Wires — The delay of a U.S. Gulf Coast liquefied natural gas (LNG) export project has crystallized fears that the U....
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Fed govt not issuing new oil licenses before elections – Kachikwu
…Zabazaba FID coming later in the year OpeOluwani Akintayo 31 October 2018, Sweetcrude, Lagos — Minister of States for Petroleum Resources,...
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Why Nigeria is still grappling with inadequate power – Sahara Group boss
OpeOluwani Akintayo 31 October 2018, Sweetcrude, Lagos — Group Managing Director, Sahara Group, Mr. Kola Adesina, has provided explanation ...
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Blackout: PHED blames power outage in Rivers on faulty TCN breaker
Mkpoikana Udoma 31 October 2018, Sweetcrude, Port Harcourt — The Port Harcourt Electricity Distribution Company, PHED, has explained the cu...
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Ikeja Electric debunks allegation on sale of meters for N100,000
…Unveils undertaking office at Ikeja GRA OpeOluwani Akintayo 31 October 2018, Sweetcrude, Lagos — The management of Ikeja Electric, IE, has...
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Weekly SweetcrudeReports October 31, 2018
Read the Weekly SweetcrudeReports – Nigeria lost $8.6bn on imports, exports cargo freight in 2017 -NSC DOWNLOAD IT DOWNLOAD IT More »
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Baker Hughes to halt buybacks, awaits GE plans
30 October 2018, News Wires — GE’s Baker Hughes has halted its share buyback programme as it awaits more clarity from parent General Electr...
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Oil prices fall more than 1 percent on rising supply, trade war
30 October 2018, News Wires — Oil prices fell more than 1 percent in choppy trading on Tuesday on signs of rising supply and concern that g...
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NUPENG assures of steady fuel supply during the yuletide
Ike Amos 30 October 2018, Sweetcrude, Lagos — The National Union of Petroleum and Natural Gas Workers (NUPENG), Monday, said it would work ...
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AfDB rolls out programme to boost climate risk financing & insurance
*Programme’s initial phase is expected to run from 2019 to 2023 30 October 2018, Sweetcrude, Abidjan, Ivory Coast — The African Development...
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OPEC daily basket price closes at $76.07 per barrel
30 October 2018, Sweetcrude, Vienna, Austria — The price of OPEC basket of fifteen crudes stood at $76.07 a barrel on Monday, compared with...
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Trump’s sanctions on Iran tested by oil-thirsty China, India
30 October 2018, News Wires — Shortly after U.S. President Donald Trump announced in May he would reimpose sanctions on Iran, the State Dep...
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NPA commences preparation of magt staff for ISO certification
Vincent Toritseju 30 October 2018, Sweetcrude, Lagos — TheManaging Director of the Nigerian Ports Authority, NPA, Ms. Hadiza Bala Usman has...
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Total’s Q3 profit surges, LNG sales decline
30 October 2018, News Wires — French energy giant and LNG player Total saw its third-quarter adjusted net profit soar on the back of increa...
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Ex-Afren executives sentenced in UK for Nigerian fraud, money-laundering
30 October 2018, Sweetcrude, Lagos — Two former executives of collapsed oil company Afren were sentenced to up to six years in prison in th...
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NERC, DisCos, others to discuss technology for new metering scheme
OpeOluwani Akintayo 30 October 2018, Sweetcrude, Lagos — The Nigerian Electricity Regulatory Commission, NERC, will meet with the power dis...
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NCDMB donates econometrics lab to Niger Delta University
Mkpoikana Udoma 30 October 2018, Sweetcrude, Port Harcourt — As part of its initiatives to build local capacities, the Nigerian Content Dev...
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ExxonMobil to release Q3 2018 financial results on Friday
30 October 2018, Sweetcrude, Houston, Texas — Exxon Mobil Corporation will release its third quarter 2018 financial results on Friday, Nove...
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Off-grid firm BBOXX targets two new African markets with EDF-CEO
30 October 2018, News Wires — UK-based off-grid power company BBOXX is looking to enter two new African markets in partnership with France’...
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Eni’s profit, LNG sales rise
29 October 2018, News Wires — Italian energy giant Eni has said its third-quarter profit rose nearly fivefold year-on-year as oil and gas p...
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US LNG exports up on week to six cargoes
29 October 2018, News Wires — Liquefied natural gas (LNG) exports from the United States rose during the week ending October 24, according ...
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Italy’s Di Maio warns against party divisions after pipeline U-turn
29 October 2018, News Wires — Italian Deputy Prime Minister Luigi Di Maio called on Monday for unity within his 5-Star Movement after the a...
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South Korea’s Hyundai E&C cancels $521 million petrochemicals deal, cites Iran financing failure
29 October 2018, News Wires — South Korea’s Hyundai Engineering & Construction said on Monday that it scrapped a 595 billion won ($521 ...
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Malaysia’s Petronas calls for better LNG cooperation
29 October 2018, News Wires — Malaysian energy giant Petronas has urged all stakeholders in the liquefied natural gas (LNG) industry to tak...
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Vitol says to deliver first US LNG cargo to UK’s South Hook terminal
29 October 2018, News Wires — Commodity trading company Vitol said on Friday it will soon be importing a liquefied natural gas (LNG) cargo ...
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Far-right Bolsonaro rides anti-corruption rage to Brazil presidency
29 October 2018, News Wires — Far-right lawmaker Jair Bolsonaro won Brazil’s presidential election on Sunday, promising to clean up politic...
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Oil dips as Russia signals output will stay high
29 October 2018, News Wires — Oil prices edged lower on Monday as Russia signaled output will remain high, but losses were limited ahead of...
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Italy’s Eni strikes deal with Total to boost Algeria operations
29 October 2018, News Wires — Italian oil major Eni said on Monday it had struck a deal to team up with French peer Total to look for oil a...
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Ecopetrol seeks license to starts fracking tests in Colombia
29 October 2018, News Wires — Colombia’s state oil company Ecopetrol has requested an environmental license to launch a pilot plan to explo...
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FDI into Africa rises with Morocco & South Africa as leading destinations
*2017 data shows that Africa attracted 718 Foreign Domestic Investment projects *Up 6% from the previous year 29 October 2018, Sweetcrude, ...
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OPEC daily basket crude price closes at $75.71 per barrel
29 October 2018, Sweetcrude, Vienna, Austria — The price of OPEC basket of fifteen crudes stood at $75.71 a barrel on Friday, compared with...
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Italy PM Conte gives green light to contested TAP gas pipeline
28 October 2018, News Wires — Prime Minister Giuseppe Conte has given Italy’s final approval to the Trans Adriatic Pipeline (TAP), a projec...
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Argentina’s YPF to spend billions to boost oil and gas output
28 October 2018, News Wires — Argentina’s state-controlled oil company, YPF, will significantly boost oil and gas production, investing bet...
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Tribesmen stage protest at Libyan El Sharara oilfield
28 October 2018, Benghazi, Libya — A small group of Libyan tribesmen have staged a protest at the southern El Sharara oilfield, threatening...
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Iran starts oil sales to private exporters to beat U.S. sanctions
28 October 2018, Dubai — Iran began selling crude oil to private companies for export on Sunday, part of a strategy to counter U.S. sanctio...
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Oil looks vulnerable from short term perspective
28 October 2018, London — From a short-term and technical perspective, oil looks vulnerable, according to oil and gas analysts at Fitch Sol...
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Saudi’s SABIC looking for Africa investment opportunities
28 October 2018, Riyadh — Saudi Basic Industries Corp., SABIC, the world’s fourth-biggest petrochemicals company is looking for future inve...
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