CATEGORY
Energy
Oando Plans to Delist from Nigeria Exchange
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Oando Energy Resources is planning to delist its shares from the Nigeria Exchange Group (NGX) as part of resolution to a petition filed by...
Dangote Refinery to be Powered by 570 MW Independent Power Plant
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The Dangote Petroleum Refinery Project (DPRP), a 650,000 b/pd integrated refinery project under construction in the Lekki Free Zone near Lagos, Nigeria, will be...
Oando Fails to Pay $180 million Signature Bonus on OPL 321, 323
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Oando Energy Resources (OER) has failed to make the required signature bonus payment on time after the award of Oil Prospecting Licenses (OPLs) 321...
Shell Issues Tenders for 120,000 bpd Bonga North Deepwater Asset
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Shell has issued three engineering, procurement and construction (EPC) tenders for companies to participate in the 120,000 barrel per day Bonga North development in...
Hit by Covid-19 and Litigation Costs Oando Posts Huge 2019 Loss
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Oando Nigeria Plc reported the largest loss in its history of N207.07 billion in the fourth quarter of 2019, including N169.10 billion to write...
Tambuwal Decries Kaduna Disco ROI, Pledges Further Collaboration
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Abdulfatai Abdulsalami, Sokoto
Governor Aminu Waziri Tambuwal of Sokoto state has observed that despite being a stakeholder in the Kaduna Electricity Distribution Company (KEDCO), details...
Russia Becomes India’s 2nd Largest Oil Supplier
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Russia became India’s second biggest crude oil supplier in May, as New Delhi has been stocking up on the discounted Russian commodity, Reuters reported...
Is Nigeria Missing Out on Higher Oil Prices?
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Brent crude has gained roughly 57% since the start of 2022.
The global commodity remains supported by ongoing geopolitical risks and rising demand. As oil...
LNG Plant Explosion Cripples US Gas Exports
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One of the largest US plants producing liquefied natural gas (LNG) for export has been damaged by an explosion and fire. The incident has forced...
Goldman Sachs Hikes Oil Price Target, Now Sees it Hitting $140 Per Barrel
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Late on Monday, Goldman Sachs published a report in which it again revised its oil price outlook (higher), saying that structural shortages remain unresolved...