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May 11, 2018Market Report: U.S. imposes new economic sanctions on Iran
U.S. President Donald Trump pulls out of nuclear deal and Treasury imposes new sanctions, Oil prices climb higher.
December 7, 2018OPEC Delays Decision on Cuts
Oil prices fell Thursday after OPEC delayed a decision on production cuts.
November 30, 2018Market Report: Oil prices fall below $50 a barrel
Oil prices fall below $50 for the first time in over a year amid persistent oversupply concerns.
November 26, 2018Market Report: NNPC sets funding plans for oil and gas industry
NNPC is devising new ways to attract more funding for operators in Nigeria’s oil and gas industry.
November 9, 2018Market report: Egina Field to boost Nigeria’s oil production
NNPC has signed a 6-month DSDP agreement with BP trading arm, BP Oil International.
November 2, 2018Market Report: Nigeria, Russia discuss partnership with NNPC
Both countries expressed their readiness to expand the scope of their partnership with the NNPC.
October 26, 2018Market report: Nigeria’s proven gas reserves rise to 202 tcf
Approval for the construction of the Ikwe-Onna modular Refinery announced.
October 22, 2018The Puzzle of Oil Prices
From predictions of $100/barrel to prices falling below $80/barrel this week, the oil price is predictably unpredictable.
October 19, 2018MARKET REPORT: Oil prices continue to trade lower
Oil prices continue to trade lower after data showed an unexpectedly strong build in U.S. crude stockpiles.
October 15, 2018Market Report: Subsea 7 awarded contract on Jubilee field
New policy for locally operating firms to refine at least 20 percent of the crude oil they produce in Nigeria.