Seplat transfers oil assets, OMLs 4, 38 and 41, to subsidiary, Seplat West Limited
By Omobayo Azeez Seplat Petroleum Development Company Plc, has announced the completion of transfer of the business activities and
Optimism around OPEC+ output pact lifts oil prices
Oil producing nations have something to cheer about as oil prices rose on Monday as indications of increase in demand for crude oil
Seplat CEO projects $17bn oil revenue shortfall for Nigeria in 2020
Nigeria’s oil receipts in 2020 are expected to drop by as much as $17 billion, Austin Avuru, the chief executive officer of
No more oil sale discounts from July — NNPC
The Nigerian National Petroleum Corporation (NNPC) has saidit will discontinue crude sales discount regime effective from July this
FG bars debtors from bidding for oil fields
Companies, including their promoters, indebted to the federal government will not be allowed to participate in the newly launched bid
Oilfield bid round: FG may generate N3.17bn from fees
The federal government may generate at least N3.17bn from the payment of fees for the marginal fields put on offer for bidding, data
Oil rebound eases concerns about devaluation of Nigeria’s naira
The rebound in oil prices has given Nigeria’s naira a reprieve, easing investors’ concern that a steep devaluation may be unavoidable.
Brent oil rises to $40 amid hopes for recovery
Oil rose on Wednesday, with Brent at $40 for the first time since March, as optimism mounted that major producers will extend
Oil up nearly 3% ahead of OPEC+ meeting and on easing lockdowns
Oil prices climbed about $1 a barrel on Tuesday on hopes that major crude producers will agree to extend output cuts during a video
Govt invites investors to bid for 57 oil fields
The federal government, through the Department of Petroleum Resources, has put on offer 57 marginal fields for licensing as part of