Shell and Eni face one of the biggest corruption cases in corporate history over $1.3bn Nigerian oil field
Businessam Staff
September 17, 2018
Time running out for prosecutors to obtain potentially crucial documents seized in Geneva apartment raid. Giant oil companies,
Adeosun’s letter of resignation
Businessam StaffSeptember 15, 2018
Immediate past Minister of Finance, Kemi Adeosun has sent in, notice of her resignation. This was confirmed in a tweet from the
Nigeria’s August crude production hits 1.87mbpd as OPEC’s total output reaches 32.89mb
Bukola OdufadeSeptember 6, 2018
Nigeria’s crude oil production rose by 70,000 barrels per day in the most of August reaching 1.87 million barrels per day from a July
Nigeria’s NNPC thinks clean fuel, signs MoUs with consortium of local, Chinese firms to build on 10 biofuel plants
Bukola OdufadeSeptember 6, 2018
Nigeria is looking to build more than ten large biofuel plants as the country’s oil corporation, Nigerian National Petroleum
Ghana’s Sankofa starts delivery of gas to domestic market
Businessam StaffAugust 24, 2018
Vitol has reported that the Sankofa field on Ghana’s Offshore Cape Three Points (OCTP) block started delivery of natural gas, marking
Saudi Arabia reportedly calls off Aramco IPO, disbands advisers
Businessam StaffAugust 23, 2018
Saudi Arabia has reportedly canceled plans to list shares of its state-owned oil giant Aramco and dismissed advisers, according to
NCDMB to partner NSE on opening up investment opportunities in Nigeria’s upstream, midstream sectors
Adesola AfolabiAugust 14, 2018
The Nigerian Content Development and Monitoring Board (NCDMB) and the Nigerian Stock Exchange (NSE) are partnering to open up
Goldman sees risk of oil below $40 without OPEC ‘shock and awe’
Businessam StaffJuly 11, 2017
OPEC needs to “shock and awe” the oil market for prices to gain, according to Goldman Sachs Group Inc. The Organization of Petroleum
OPEC caps for Libya, Nigeria crude output not enough to fix oil glut
Businessam StaffJuly 11, 2017
A proposal that Libya and Nigeria could have to accept limits on their crude production probably would not be enough to put OPEC’s
Patience wears thin in Nigeria’s oil heartlands putting peace at risk
Businessam StaffJuly 9, 2017
The patience of indigenes of the heartlands of Nigeria’s oil production appears to be running thin, according to a report by the