Petroleum Resources Ministry, E’Guinea hold bilateral meeting

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H.E. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons of Equatorial Guinea met with H.E. Timipre Sylva, Minister of Petroleum Resources of Nigeria...

FG committed to reviving moribund oil, gas facilities

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Director, Department of Petroleum Resources (DPR), Mr Sarki Auwalu, has restated Federal Government’s commitment to the reactivation of all moribund oil and gas support...

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...

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