Ogoni demands state creation as precondition for oil exploration
Mkpoikana Udoma Port Harcourt — The people of Ogoni under the aegis of the Movement for the Survival of the Ogoni People, MOSOP, have pushe...
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Yinka Folawiyo’s Aje field encounters financial setbacks
*Gas project to cost $250m, no longer priority OpeOluwani Akintayo Lagos — Folawiyo’s operated Aje Field in Oil Mining Lease, OML 113 offsh...
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African financial institutions promoting integration & economic growth
Nairobi — Aspiration 7 of Africa’s Agenda 2063 envisions “Africa as a strong, united, resilient and influential global player and partner” ...
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NNPC to partner major oil marketers on stable fuel supply
Ike Amos Abuja — The Nigerian National Petroleum Corporation, NNPC, Sunday, said it will continue to strengthen its partnership with Major ...
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Omani oil minister sees prices staying in $65-$75 range until year-end
Dubai — Omani Energy Minister Mohammed bin Hamad al-Rumhy said he expected global oil prices to stay in a range between $65 and $75 a barre...
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Russia’s Inter RAO seeks gas turbines deal with GE by October
Krasnoyarsk, Russia — The chief executive of Russia’s Inter RAO said on Saturday the energy holding hoped to reach a deal with General Elec...
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Brazil’s Petrobras to take part in Israeli gas tender – Israeli minister
Jerusalem — Brazilian state-run oil firm Petrobras will take part in Israel’s latest tender for offshore oil and gas exploration, Israel’s ...
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Russia expects 1.2 pct yearly increase in electricity demand until 2024 – minister
Krasnoyarsk, Russia, — Russian Energy Minister Alexander Novak said on Saturday the country was expecting domestic demand for electricity t...
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U.S. judge scraps Trump order opening Arctic, Atlantic areas to oil leasing
Anchorage, Alaska — A federal judge in Alaska has overturned U.S. President Donald Trump’s attempt to open vast areas of the Arctic and Atl...
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Russia’s Inter RAO says seeks gas turbines deal with GE by October
Krasnoyarsk, Russia — The chief executive of Russia’s Inter RAO said on Saturday the energy holding hoped to reach a deal with General Elec...
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U.S. drillers cut most oil rigs in a quarter in three years -Baker Hughes
News Wires — U.S. energy firms this week reduced the number of oil rigs operating to their lowest in nearly a year, cutting the most rigs i...
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Mexico’s sovereign debt credit rating still at risk – financial stability council
Mexico City — Mexico still faces risks to its sovereign debt credit rating, primarily due to state oil firm Pemex’s liabilities and the dep...
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Appeal court dismisses NLNG case against NIMASA over levies
Michael James Lagos — The Court of Appeal, Lagos Division, has set aside the judgement of the Federal High Court, which had exempted the Ni...
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W. Africa Crude-Buyers wait for Nigerian diffs to drop, Angolan trades briskly
London — Robust Asian demand and favourable U.S. gasoline cracks prompted sellers of Nigerian lighter grades to push up differentials, but ...
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Nigerian govt establishes committee to synchronise oil revenue data
Ike Amos Abuja — The Federal Government has set up a committee to ensure the harmonization of data from the petroleum industry and governme...
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PPMC earns N2.648 trillion from petroleum products sale
Ike Amos Abuja — The downstream subsidiary of the Nigerian National Petroleum Corporation, NNPC, the Petroleum Products Marketing Company, ...
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Don’t sell fuel above N133.28, NNPC warns depot owners
Ike Amos Abuja — The Nigerian National Petroleum Corporation, NNPC, Saturday, cautioned depot owners and terminal operators, against sellin...
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Trump and Saudi Arabia at odds over oil prices
London — U.S. President Donald Trump and the Saudi government have closely aligned views on most issues but they disagree significantly on ...
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LEKOIL requires ministerial consent for OPL 310 interest – Court
Lagos — A Federal High Court sitting in Lagos, and presided by Justice Sule Hassan has ruled that Lekoil’s acquisition of an interest in th...
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The NNPC: Atiku’s swan song for a redundant organisation
Port Harcourt — It may not have been conceived by him and it appears to have expanded the circle of conspiracy against his ascendance to Ni...
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Shell to become world’s top electricity producer
London — Royal Dutch Shell could ramp up acquisitions of electricity producers to achieve its target of becoming the world’s biggest power ...
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German-African Energy Forum a boost for energy security & investment
Hamburg, Germany — The African Energy Chamber congratulates the German Government and the African-German Business Association (Afrika-Verei...
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GA Drilling gets significant funding, signs S/Agreement with MOL Group
Bratislava –- GA Drilling has signed a EUR 4.2 million funding agreement with Lead Ventures and a service agreement with MOL Group. Lead Ve...
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Nigeria loses $22.65 billion due to ALSCON closure – ICEN
Mkpoikana Udoma Port Harcourt — The Institute of Chartered Economists of Nigeria, ICEN, says Nigeria economy lost about $22.6 5billion sinc...
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Oil set for biggest quarterly rise since 2009 amid OPEC cuts, sanctions
London — Oil prices rose on Friday amid OPEC-led supply cuts and U.S. sanctions against Iran and Venezuela, putting crude markets on track ...
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Nigeria’s DPR get N4 billion from FAAC in February
OpeOluwani Akintayo Lagos — The Department of Petroleum Resources, DPR, received the sum of N4.07 billion from the Federation Account Alloc...
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After sanctions lifted, Russia’s Rusal boosts aluminum smelter capacity
Krasnoyarsk, Russia — Russian aluminum giant Rusal has launched new production at its Boguchansk aluminum smelter in Siberia on Friday, dou...
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Russian minister to discuss ways to boost Venezuela’s oil exports
Krasnoyarsk, Russia — Russian Energy Minister Alexander Novak said on Friday he planned to discuss with his Venezuelan counterpart ways to ...
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Japanese refiners halt Iran oil imports as waiver expiry looms
Tokyo — Japanese refineries have put a halt on imports of Iranian oil after buying 15.3 million barrels between January and March ahead of ...
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OPEC daily basket oil price closes at $66.38 per barrel
Vienna, Austria — The price of OPEC basket of fourteen crudes stood at $66.38 a barrel on Thursday, compared with $67.15 the previous day, ...
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El-Rufai urges customers to pay bills, pledges support for Kaduna Electric.
Kaduna — Kaduna State Governor, Nasir El-Rufai, has pledged the state government’s support to Kaduna Electric in ensuring prompt payment of...
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HYPREP in tripartite collaboration with SDN, IITA
Mkpoikana Udoma Port Harcourt — In implementing one of the recommendations in the UNEP Report to provide alternative source of livelihood f...
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Oil pares losses, shrugs off Trump calls for OPEC to boost output
New York — Oil prices fell on Thursday but recovered from the day’s worst losses that came after U.S. President Donald Trump called for the...
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NLNG Train 7, a giant leap for Nigerian Content Development
Markson Ibibo Port Harcourt — A loud cheer erupted in Abuja on March 22, 2019 as the chief executives of two key organisations – Nigerian C...
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Eterna gain, Oando dips in Thursday trading on the NSE
Michael James Lagos — Eterna Oil Plc made gains in Thursday’s trading activities on the floor of Nigerian Stock Exchange, NSE, as Oando Plc...
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UNEP Report: HYPREP trains 15 Ogoni youths on livelihood skills
Mkpoikana Udoma Port Harcourt — In implementing one of the recommendations in the UNEP Report to provide an alternative source of livelihoo...
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OPEC daily basket oil price closes at $67.15 per barrel
Vienna, Austria — The price of OPEC basket of fourteen crudes stood at $67.15 a barrel on Wednesday, compared with $67.03 the previous day,...
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Asia’s demand for Nigeria’s crude oil rises
OpeOluwani Akintayo Lagos — Demand for Nigeria’s crude in Asia is beginning to pick up again, according to market reports gathered by Sweet...
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IBEDC commences vegetation management exercise to improve supply
OpeOluwani Akintayo Lagos — IBEDC says it has begun a vegetation management exercise as part of its strategy to improve power supply and pr...
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NERC says metering is DisCos’ responsibility under MAP
OpeOluwani Akintayo Lagos — The obligation to ensure that all electricity consumers are metered remains with the Electricity Distribution C...
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Mining: Absence of data responsible for paucity of funding — NEITI
Ike Amos Abuja — The Nigeria Extractive Industries Transparency Initiative, NEITI, has blamed the absence of reliable exploration data for ...
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NNPC recruitment exercise enters second phase, closes portal
Ike Amos Abuja — The Nigerian National Petroleum Corporation, NNPC, Wednesday, said it has commenced the second phase of its recruitment ex...
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Zenith Bank declares N38.5bn energy sector borrowings as NPLs
Ike Amos Abuja — Non-Performing Loans, NPL, from the energy sector in the books of Zenith Bank Plc dipped slightly by 2.88 percent to N38.4...
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PPMC earns N2.648 trillion from petroleum products sale
Ike Amos Abuja — The downstream subsidiary of the Nigerian National Petroleum Corporation, NNPC, the Petroleum Products Marketing Company, ...
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Nigerian govt establishes committee to synchronise oil, revenue data
Ike Amos Abuja — The Federal Government has set up a committee to ensure the harmonization of data from the petroleum industry and governme...
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Nigeria, Norway mulls platform for proper pricing of perishables
Vincent Toritseju Lagos — The Norwegian Fishery Council, NFC, and the Nigeria Customs are currently in talks with a view to creating a plat...
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Africa must prioritise domestic revenue mobilisation to triple growth – ECA
*12-20% tax collection increase can raise $400bn *Fund $600bn financing gaps Marrakesh, Morocco — To meet their development goals and targe...
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Weekly SweetcrudeReports March 27, 2019
Read the Monthly SweetcrudeReports: PH refinery: Nigeria to spend $50m on equipment inspection The purported “revamping” of the Port Harcou...
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Oil prices reverse earlier gains as market eyes U.S. stocks
London – Oil prices declined on Wednesday, reversing earlier gains, as further disruptions to Venezuela’s crude exports were offset by a re...
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N/America to add 265 mtpa of LNG liquefaction capacity by 2023
Lagos — North America will be the major contributor to the growth of global liquefied natural gas (LNG) liquefaction capacity between 2019 ...
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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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