OPEC Output Drops By 80,000 BPD On Iraq Output Instability
A new Reuters survey found that OPEC’s output dropped in October due to production disruptions in Iraq as well as increased compliance to established quotas by the rest of the…
Are Higher Oil Prices Here To Stay?
Strong assurances from OPEC and Russia regarding the extension of the production cut deal has pushed oil prices above $60 per barrel, providing a confidence boost for oil bulls and…
Are Coal-Fired Power Plants Set For A Boost?
U.S. Energy Secretary Rick Perry has come up with a controversial plan to slow the closure of coal-fired power plants, under the guise of stabilizing the power grid. The background…
UK Oil & Gas Reserves Fall To 5.7 Billion BOE
The UK’s proven and probable (2P) oil and gas reserves as at end-2016 were 5.7 billion barrels of oil equivalent (boe), down from 6.3 billion boe at end-2015, due to…
Alleged N2bn fraud: Court adjourns FG’s case against Oronsaye till Nov 14
Justice Gabriel Kolawole of the Federal High Court sitting in Abuja on Tuesday adjourned till November 14, 2017, for the first prosecution witness to give further evidence in the case…
Petrobras Pipeline Sale Sparks Interest From Investors Worldwide
Twenty investors—including France’s Engie, a Brazilian investment group, and an Abu Dhabi state-owned holding group—are interested in buying a majority stake in a gas pipeline network in Brazil currently owned…
CCB arraigns 33 civil servants before tribunal
The Code of Conduct Bureau will, on November 7, arraign before the Code of Conduct Tribunal two directors and 31 other civil servants on charges of false assets declaration. Head…
Why I have not constituted boards of parastatals – Buhari
President Muhammadu Buhari on Tuesday gave reasons why the boards of several parastatals have not been constituted. The non-constitution of the boards of parastatals of various agencies has affected the…
Cautious Optimism Keeps Oil Over $60
Brent remained at over US$60 a barrel today, with WTI a bit over US$54 a barrel, but prices have begun to drag because of the prospect of further increases in…
Metuh: DSS text message says Dasuki will appear on Wednesday
The Economic and Financial Crimes Commission (EFCC) has informed a Federal High Court in Abuja that former National Security Adviser (NSA), Sambo Dasuki has agreed to testify in the trial…