Oil exports have resumed at Forcados terminal, a key platform attacked by the Niger Delta Avengers in early 2016. The director of Shell Oil Company’s Global Upstream, Andrew Brown, confirmed Continue Reading
China oil Angola overtook Russia as China’s biggest oil supplier last month, exporting 1.02 million barrels per day to the Asian country, up by 45.8 percent on the year, Reuters Continue Reading
Declining oil production and export volumes due to militancy and large-scale crude theft cut the Nigerian government’s gross revenue in September by about 12% from August to Naira 279.75 billion Continue Reading
Official selling prices lowered for all published grades Nigeria seeking to regain market share lost during attacks Nigeria cut the price of every type of crude it sells in an Continue Reading
Nigeria, other states withholding payments to foreign airlines CEO says ‘not a good idea’ to carry on serving offender states Persian Gulf airline Emirates said it could scrap flights to Continue Reading
Inflation rate rose to 17.9% from 17.6% the previous month Interest rates kept at nine-year high of 14% in October Nigerian inflation accelerated for the 11th consecutive month in September Continue Reading
Italian energy company Eni said it was one step closer to its goal of pulling more oil from Angola with the pending launch of an offshore production facility. Eni said Continue Reading
Nigeria has filed a law suit against Eni, Chevron, Shell, Total and Petrobras accusing the oil majors of $12.7 billion in illegal oil exports. Per the Associated Press, these companies Continue Reading
Nigerian banks all face a varying degree of uncertainty moving forward through the era of lower crude oil prices. Photo by vanhurck/Shutterstock The ability of Nigerian banks to face economic Continue Reading
A court in Chad told Exxon Mobil Corp. to pay a record fine of $74 billion, as well as $819 million in royalties it said the oil company owed to Continue Reading
