Oil prices plunge amid curb on air travel

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Oil prices drifted lower at the mid-week trading session in London. At the time of writing this report, Brent oil futures were down by 1.06%...

Eterna Oil shareholders to sell stakes to new investor

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Eterna Plc has announced the decision of some of its shareholders to sell equity holdings in the company to a “new investor.” In a statement...

Equatorial Guinea intensifies E&P activities in 2021

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Equatorial Guinea will see three exploration wells drilled in Trident Energy-operated Block G in 2021, along with refurbishment and well intervention works across other...

Oil prices in highest rise since early March

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Crude oil prices rebounded strongly at the fourth trading session of the week. The recent surge seen in oil prices is largely attributed to...

New Market Realities: Super profit era for petroleum over – AEO

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Projected market conditions for 2021 do not indicate a return to high commodity prices, implying that the super profit era of petroleum is over;...

Oil prices fall on fears of weak global demand

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Crude oil prices fell lower at the mid-week trading session occasioned by fears for soft fuel demand and a potential concern that the energy...

Conoil Plc posts 24.34% decline in Q3 2020 revenues

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Conoil Plc reported revenue of N30.65 billion in 2020 Q3 compared to N40.50 billion same period in 2019. Conoil Plc a Nigerian company that markets...

Reps commend NNPC on gas development

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Members of the House of Representatives Committee on Gas Resources have applauded Mele Kyari-led Management team of the Nigerian National Petroleum Corporation, NNPC, for...

Shell to cut 9,000 jobs globally, shifts to clean energy

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Anglo-Dutch giant, Royal Dutch Shell Plc, has concluded plans to cut as much as 9,000 jobs globally, including Nigeria, as part of its cost-cutting...

Shell to cut 40% operating costs in Nigeria, Gulf of Mexico.

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Royal Dutch Shell has announced that it would focus its operations on Nigeria, Gulf of Mexico, The North Sea and a few others as...

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