PetroNor completes acquisition of Panoro’s interest in OML 113
BY Habeeb Ahmed, with agency report. Norwegian junior PetroNor E&P has completed its acquisition of a key stake in the Aje
Allianz toughens oil and gas policy to help meet climate goal
Allianz SE, the biggest insurer in Europe, says it plans to take a harder line on insuring the oil and gas industry as part of efforts
Nigeria’s exact crude oil production volume unknown – NEITI
Arakunle Kayode According to the Nigeria Extractive Industries Transparency Initiative, no one knows the exact volume of crude
Oil giant, Saudi Arabia, records $29bn deficit in Q2 as oil demand continues to fall
World oil-producing giant, Saudi Arabia, has recorded an oil revenue deficit of $29 billion for the second quarter of the year due to
NNPC pens $1.5bn prepayment oil financing deal with traders
The Nigerian National Petroleum Corporation has signed a $1.5bn prepayment deal that will see it selling crude to some oil trading
Oil up on weaker dollar, high U.S. inventory
Oil prices rose on Thursday on the back of a weaker dollar, but gains were capped by concerns about rising U.S. oil inventories and a
Oil prices rise $1/bbl on virus vaccine hopes, EU stimulus deal
Outlook for oil demand looked positive on Tuesday, causing oil prices to rise about $1 a barrel on Tuesday, hitting the highest in
Oil prices fall as COVID-19 infections rise
Oil prices, on Monday, fell as coronavirus cases increase in many countries of the world. However, investors remained cautiously
NNPC records N30.8bn loss in April
The national oil company, the Nigerian National Petroleum Corporation incurred a loss of N30.81bn in April 2020, representing a
Only 11% of Shell’s oil polluted Ogoniland undergoing HYPREP clean-up, says Friends of the Earth
UNEP identified 21 impacted areas in Ogoniland Godwin Uyi Ojo, executive director of Environmental Rights Action/ Friends of the