Oil & Gas
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Nigeria’s Oil Production of 1.6mb/d Dependent on Curbing of Oil Theft
The Chief Upstream Investment Officer, NNPC Upstream Investment Management Services (NUIMS), Bala Wunti, has disclosed that Nigeria’s crude oil production…
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Gulf Countries Should Maintain Reform Momentum, Despite Oil Boom
GDP growth for Gulf Cooperation Council (GCC) countries—Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the UAE—is expected to more than…
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Excess Crude Account (ECA) Rises to $476,513
Nigeria’s Excess Crude Account (ECA) balance rose to $472,513.64 as of November 2022. While Distributable VAT seems to be supporting…
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Buhari Kick-starts Oil Drilling in North as $3bn Kolmani River Oil Wells Take Off
Prominent Nigerians, including President Muhammadu Buhari, a retinue of governors from the northern region, ministers, the presidential candidate of the…
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Nigeria’s Crude Oil Production Drops Further to 0.938mbpd in September 2022
The Nigerian 2022 fiscal budget has continued to suffer setbacks from crude oil production shortfalls as production contracted further to…
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Oil falls as China widens COVID-19 curbs; still set for weekly gain
– Oil prices fell on Friday after China, the world’s top crude oil importer, widened its COVID-19 curbs, but were…
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Seplat Energy Plc Reports N33.86bn PAT in Q3’22 Results, Proposes $2.5cents Interim Dividend; (SP: N1200.00k)
Key Highlights Revenue grew by 41.6% from N182.68bn to N258.72bn.Profit before tax stood at N77.47bnProfit after tax stood at N33.86bnShare…
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Oil steadies amid fears over Chinese demand, record U.S. exports
Storage tanks are seen at the Petroineos Ineos petrol refinery in Lavera, France, March 29, 2022. REUTERS/Benoit Tessier Summary Dollar…
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Oil Theft and Lack of Domestic Supply Obligations Stall Modular Refineries
The rising scale of crude oil theft, ageing infrastructure, and years of underinvestment, which has led to shut in of…
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Nigeria’s Crude Oil Production Drop to a Record Low
Nigeria’s Crude Oil Production Takes a Further Wallop The latest Monthly Oil Market Report (MOMR) for September 2022 by the…
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