Oil Steady After G20 Warns of Risks to Growth

Posted by - July 23, 2018

Oil prices stabilised on Monday as worries over production losses were outweighed by concerns that trade disputes would reduce economic growth and hit global energy demand. Benchmark Brent crude oil LCOc1 was up 15 cents at 73.22 dollars a barrel by 7.50 GMT while U.S. light crude CLc1 was unchanged at 68.26 dollars. Finance ministers

Oil Prices Rise on Uncertainty Over Libyan Crude Exports

Posted by - June 26, 2018

Oil prices rose, Tuesday on uncertainty over Libyan oil exports, although plans by producer cartel OPEC to raise output loom. Brent sweet crude futures, the international benchmark for oil prices, were at 74.95 dollars per barrel at 01.04 GMT, up 22 cents, or 0.3 per cent from their last close. The United States West Texas

Chevron Trains Young Nigerian Graduates on Oil and Gas Skills

Posted by - August 25, 2017

As part of Chevron Nigeria Limited’s efforts to assist in the building of organisational capability in the oil and gas industry, the company has completed a 12-month on-the-job-training of Nigerian graduates at the company’s office and field locations. Chevron’s General Manager in charge of Policy Government and Public Affairs, Mr. Esimaje Brikinn said in a

Works On Jubilee FPSO to End in 2019 – Tullow Oil Ghana

Posted by - August 1, 2017

Oil exploration firm, Tullow Oil says repair works on the Jubilee FPSO would now end in 2019, according to details in its half year results and statement issued to investors on July 26. The report released by Tullow Oil showed that Turret Remediation Project should be carried out in three phases. The first phase of

Heritage Bank, Biase Plantations Seal N232m Pact on Oil Palm Production

Posted by - July 17, 2017

Heritage Bank Plc, Nigeria’s Most Innovative Banking Services Provider, is set to restore Nigeria lost glory in the agricultural sector and reposition the country as the highest oil palm producer in the world with its recent signing of N232million Pilot phase of Out-growers Agreement with Biase Plantations Limited (BPL) and its joint venture partner, PZ