Browsing: Oil and Gas

The Federal Government says Nigeria currently produces about five million tonnes of Liquefied Petroleum Gas

Oil prices maintain an uptrend on Thursday as the Organisation of Petroleum Exporting Countries

Brent Crude Price Drops to $45.01 amidst Uncertain Demand. Brent crude price drops to $45.01 per barrel earlier today amidst uncertainty around demand.  Oil prices fell Thursday as major producers warned of a risk to demand recovery if the coronavirus crisis is prolonged as U.S. crude inventories

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”. 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. 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. Oil prices rose in early trade on Friday, extending gains from the previous day on optimism about recovering fuel demand worldwide.

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

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.

At the current output of 350 thousands standard cubic feet of gas per day for the Nigerian domestic market, Seplat Petroleum Development Company