Browsing: Oil and Gas

Total Nigeria Suffered 29% Revenues Drop Due to Lockdown

Marketforces AfricaAugust 4, 20200

Total Nigeria Suffered 29% Revenues Drop Due to Lockdown. In the first half of 2020, Total Nigeria Plc earnings dropped off significantly due to outbreak of coronavirus which necessitated economic lockdown.

“Upward Price Review of PMS Signposts Sustain Deregulation”

Marketforces AfricaJuly 6, 20200

“Upward Price Review of PMS Signposts Sustain Deregulation”. Analysts at Chapel Hill Denham (CHD) has said the recent upward review in prices of petroleum motor spirit (PMS) otherwise call petrol signposts sustained deregulation.

Oil prices climb on improve demand in United States

Marketforces AfricaJuly 1, 20200

Oil prices climb on improve demand in United States. Oil prices rose on Wednesday after an industry report showed crude stockpiles in the United States staged a bigger drop than expected, suggesting demand is improving even as the coronavirus outbreak spreads around the world.

Brent Crude Future Price Rises to $41.27 on Demand Recovery

Marketforces AfricaJune 26, 20200

Brent Crude Future Price Rises to $41.27 on Demand Recovery. Oil prices rose in early trade on Friday, extending gains from the previous day on optimism about recovering fuel demand worldwide.

Forte Oil seeks to change name to Ardova Plc

Marketforces AfricaNovember 25, 20190

Forte Oil Plc on Monday notified its shareholders of plans for a name change to Ardova Plc.

Seplat selects Brown as CEO designate to replace Avuru

Marketforces AfricaNovember 18, 20190

Seplat Petroleum Development Company Plc (www.seplatpetroleum.com) has announced that her pioneer Managing Director and later CEO, Mr. Austin Avuru will be retiring in July 2020 after 10 years of leading the company.