Nigeria, other African oil exporters’ll lose $34bn – IMF
Businessam Staff
July 1, 2020
The International Monetary Fund (IMF) has projected that Nigeria and other African oil producing countries will lose an
Price crash: NNPC targets $10 oil production cost
Businessam StaffMay 29, 2020
The Nigerian National Petroleum Corporation has said it is looking to drive down the cost of producing a barrel of crude oil to $10
Seplat reports 146% PAT growth, on track for 55,000 boepd production
Adesola AfolabiJuly 30, 2019
Seplat Petroleum Development Company Plc (Seplat), an indigenous oil and gas company listed on both the Nigerian Stock Exchange (NSE)
Global oil price may hit $100 per barrel next year on disruptions of production, export in Venezuela, Iran
Businessam StaffMay 11, 2018
The collapsing oil production in Venezuela and potential export disruptions in Iran could push the price of Brent crude as high as
Italy’s ENI starts oil production offshore Angola
Businessam StaffMarch 21, 2018
ENI, Italian energy major and Angolan state company Sonangol have started oil production from the Ochigufu project, in Block 15/06 of
Oil Prices flat in Asia Thursday early trade, capped by growing U.S. production
Businessam StaffMarch 1, 2018
Oil prices were mostly flat Thursday morning in Asia, rising and dipping only marginally amid larger-than-expected U.S. crude
Nigeria to beef up daily oil production by 200,000b in 2018 from Egina project as NNPC accelerates local capacity devt
Businessam StaffSeptember 20, 2017
Nigeria’s Egina oil project would add about 200,000 barrels of oil to the nation’s daily crude production when completed in the fourth