Savannah Petroleum sees losses triple on increased drilling costs

Savannah Petroleum sees losses triple on increased drilling costs

Niger and Nigeria focused Savannah Petroleum said its first-half losses tripled owing to the cost of drilling exploration wells, some of which were successful....

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Yinson extends FPSO deadline for First E&P fields

Yinson extends FPSO deadline for First E&P fields

Negotiations over a potential contract ongoing as deadline is pushed back to October. Malaysian company Yinson and Lagos-based independent First E&P have extended the deadline...

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Africa50 to support continent’s gas for clean power, industries, others

Africa50 to support continent’s gas for clean power, industries, others

Africa50 will support the development of Africa’s natural gas resources to help countries produce clean power, accelerate their industrialization and provide affordable energy to...

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Nigeria’s refineries make profit for first time in 10 months

Nigeria’s refineries make profit for first time in 10 months

The nation’s refineries have posted a profit for the first in 10 months, the latest financial and operations report of the Nigerian National Petroleum...

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Fuel scarcity looms as oil workers join strike

Fuel scarcity looms as oil workers join strike

The supply and distribution of petroleum products across the country are under threat as the Nigeria Union of Petroleum and Natural Gas Workers and...

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Nigerian crude exports set to hit 6 month high in Nov

Nigerian crude exports set to hit 6 month high in Nov

Nigeria's oil exports will reach their highest in six months in November, led in part by an increase in supply of the country's four largest...

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Despite huge gas reserves, Nigeria’s LPG industry faces supply issues

Despite huge gas reserves, Nigeria’s LPG industry faces supply issues

For the second quarter of 2018 alone, 165.71 million litres of Liquefied Petroleum Gas (LPG) were imported into the country, according to the National...

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Diesel tracker software to help businesses save costs

Diesel tracker software to help businesses save costs

Among the major challenges of any manufacturer is keeping costs to the barest minimum and especially ranging from cost of diesel and unnecessary expenses...

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Oil marketers warn FG over unpaid N650bn subsidy arrears

Oil marketers warn FG over unpaid N650bn subsidy arrears

Oil marketers on Thursday appealed to the Federal Government to hasten payment of over N650 billion subsidy arrears to save their assets from being...

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