South Korean shipbuilder Hyundai Heavy Industries has secured a refund guarantee in connection to a recent…
Tag: oil
How we’ll end Nigeria’s dependence on oil – Buhari
President Muhammadu Buhari has said that his administration would ensure that “Nigeria does not slip back…
Investment cuts threatening oil supply – OPEC
Secretary-General of the Organisation for Petroleum Exporting Countries (OPEC), Mohammed Barkindo, Tuesday warned that sharp cutbacks…
8 injured in fire at Saudi Aramco’s Ras Tanura oil terminal
Eight people were injured after a fire erupted at Saudi Arabian Oil Company’s (Saudi Aramco) oil terminal facility…
Investment cuts threatening oil supply – OPEC
Secretary-General of the Organisation for Petroleum Exporting Countries (OPEC), Mohammed Barkindo, Tuesday warned that sharp cutbacks…
Dangote says oil discovery in Lagos is a good omen
The recent discovery of oil in Lagos in commercial quantity has been described as a good…
S&P cuts Nigeria ratings as low oil output plagues economy
Standard & Poor’s Global Ratings has further downgraded Nigeria’s sovereign credit rating to ‘B’, five levels…
Canadian oil firm buys into oil-prone block offshore Nigeria
Canadian Oil firm, COPL has acquired 80% of the share capital of Essar Exploration and Production…
Maritime as alternative source of revenue to oil
Nigeria’s new found ‘economic lingo’ though not new is actually drawing comments from the average citizen,…
Maersk Oil sells North Sea stakes
Maersk Oil, a unit of Danish conglomerate A.P. Moller-Maersk, has agreed to sell stakes in three…
Libya’s state oil company to restart exports from terminals retaken from rebels
Libya’s state oil company said it planned to restart oil shipments from terminals in the centre…
Global oil glut set to last till mid-2017 – IEA
A global oil glut that has hurt producers but means cheaper pump prices look set to…