IEA advocates reduction in global reliance on oil & gas despite $4 trillion industry growth
By Innocent Obasi The International Energy Agency (IEA) has urged countries around the world to lessen their reliance on oil and gas,
China approves 85% loan to facilitate Nigeria’s $2.6bn gas pipeline project
By Onome Amuge China has granted approval of the 85 percent loan needed to fund the $2.6 billion Ajaokuta-Kaduna-Kano
US – China trade war sees oil price slip again
The continued trade war between the world two trade giants; US and China on Friday saw crude oil futures fall amid lingering
Oil prices fall as crude build-up offsets hopes for U.S.-China trade talks
Oil prices fell on Wednesday, pulled down by a larger-than-expected build-up in U.S. crude stocks, after gaining for three straight
Dangote: Nigeria will soon be exporting rice
The Dangote Group has pledged to change Nigeria’s narrative as a rice importing nation, to a major exporter of the staple food. The
NNPC saves over $3bn from arbitration
By Moses Obajemu The Nigerian National Petroleum Corporation has saved over $3bn from arbitration, Mele Kyari, the oil firm’s group
We may have to worry about peak oil demand soon
By Mudashir Tunde A peak oil demand might continue to result in its rise in value for the next ten years if the world
IEA predicts oil glut in 2019
The global oil market is to experience a glut throughout 2019, as heightened exploratory activities lead to increased output in the
Upswing in crude futures not yet ‘mission accomplished’- Saudi oil minister
Khalid al-Falih, Saudi Arabia’s energy minister, warned oil traders Friday that a dramatic upswing in crude futures was little
Japaul Services signs $350 million financing agreement with Milost Global
Japaul Oil and Maritime Services Plc. have signed a $350 million financing agreement with Milost Global Incorporated. The financing