Tag:

We will resolve oil workers’ issues – Kachikwu

  Minister of State for Petroleum Resources,Ibe kachikwu, has assured that all issues raised by oil workers’ unions would be addressed to ensure sanity in the...

Oil price falls on improving supply outlook, economic worries

Oil prices fell on Thursday as the prospects for supply improved while the economic outlook darkened, but analysts said they still expect prices to rise in the second...

Oil

Nigeria’s oil earnings dip by 34.1% in Q1, 16

Nigeria’s earnings from crude oil and gas, Petroleum Profit Tax (PPT) and Royalties declined by 34.1 percent to  N205.05 billion in the first quarter of 2016,...

Court ruling could cast shadow over Brazil’s offshore oil sector

A Brazilian appeals court has ruled that a Liberian mortgage is invalid for a Brazilian-owned oil production ship, sources with direct knowledge of the matter said on...

oil

Oil eyes $50 per barrel as outages, global stocks rally

Oil rose to six-month high near $50 per barrel on Tuesday boosted by investors demand for riskier assets at the expense of safe-haven bonds. Brent crude futures LCOc1...

Earnings from oil revenue down to 35 per cent, says AGF

Nigeria currently earns only 35 per cent of what it used to earn from oil, the Accountant General of the Federation (AFG), Alhaji Ahmed Idris, has said. He regretted...

Commission okays Norway's $1tr wealth fund oil stocks investments

Oil price falls from 2016 high

Oil prices fell Thursday on profit-taking, after New York crude reached the highest level this year on signs that the global supply glut was easing. In early trading,...

China indicates more interest in Nigeria’s oil, gas

Consul-General of the People’s Republic of China in Lagos yesterday expressed his country’s growing interest in Nigeria’s oil and gas industry. Liu...