NEWS

2019: IEA Revises Downward Non-OPEC Supply Growth Forecast

In its latest monthly oil market report, the International Energy Agency (EIA) has revised its 2019 non-OPEC supply growth forecast down by...

841

OPEC+ Production Cuts Not Enough, Says Analyst

OPEC+ will need to stay 700,000 b/d below its agreed targets of 31.8 MMb/d through 2019 in order to bring a recovery...

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Downstream Liberalisation Solution To Subsidy Challenge, Says Kachikwu

The Minister of State for Petroleum Resource, Dr Ibe Kachikwu, on Thursday said that the liberalisation of the downstream oil sector was...

970

ConocoPhillips Sets $6.1bn Capex Budget For 2019

ConocoPhillips has set a capital expenditure budget for 2019 of $6.1 billion, which is flat to its expected full-year 2018 capex, excluding...

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OPEC, Non-OPEC Deal To Be Signed In March

A general cooperation agreement between OPEC and non-OPEC countries will be signed in three months’ time in Saudi Arabia, the UAE’s energy...

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NNPC Says It Has Right To Withdraw From NLNG Dividends Without Appropriation

The Nigerian National Petroleum Corporation (NNPC) on Sunday said it has legal rights of withdrawals from the Nigerian Liquefied Natural Gas (NLNG)...

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Multiple Taxes Could Hurt Mining Devt In Nigeria, Miners Warn

Miners in Nigeria have taken concerns over multiple taxes and disruption of mining activities by state government agencies to President Muhammadu Buhari....

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NNPC Mulls Extending Crude Pipeline Surveillance Contract To Downstream

As part of efforts to drive down cost, the Nigerian National Petroleum Corporation (NNPC) says it is considering extending the Escravos-Warri crude...