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Category archives for: Oil & Gas

Nigeria to Inaugurate Largest LPG Storage in Benin

The Nigerian National Petroleum Corporation (NNPC)  announced that it would unveil the largest Liquefied Petroleum Gas (LPG) also known as cooking gas and Propane Storage and dispensing facility in Oredo, Benin City. Advertisements

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Middle East Tensions Put Oil Markets On Edge

May 18, 2019//-The escalating trade war between the U.S. and China is keeping oil prices subdued, but the fear premium seems to be growing by the day as tensions across the Middle East threaten outages and even war.

Fueling the Energy Transition: Opportunities for Financial Institutions  

May 18, 2019//-As renewable-energy sources proliferate, power grids become smarter, and industries electrify, strong financial partners will play a critical role in providing funding for a capital-intensive sector.

No, The Oil Glut Hasn’t Disappeared

May 16, 2019//-Global oil demand may be a bit lower this year than previously thought, weighed down by weaker consumption rates in emerging markets.

Global Oil Flows At Stake In New Middle East Proxy War

May 15, 2019//-The tensions between Saudi Arabia/UAE and Iran seem to be heading for a new showdown, as the media hype during the weekend has shown.

Oil Opens Higher After Saudi Arabia Reports Attacks On Oil Tankers

May 13, 2019//-Saudi Arabia has said two of its oil tankers were attacked by saboteurs near the United Arab Emirates, Reuters reports, adding a statement by the UAE that a total four vessels were attacked off its coast at the port of Fujairah.

New Oil Players Embrace Angolan President’s Investment Drive

Johannesburg, South Africa, May 13, 2019/ —  The Angolan oil and gas sector has grown from strength to strength and opportunities await for businesses in all sectors who are keen to increase their exports into new markets.

Oil Supply Shortages Countered By Trade War

May 11, 2019//-Oil prices were flat in early trading on Friday, sandwiched between supply outages and the escalating U.S.-China trade war. 

Oil Inches Higher As Rig Count Continues To Decline

May 11, 2019//-The number of active oil and gas rigs fell again in the United States this week according to Baker Hughes, after a string of losses in the weeks prior, keeping the overall rig count well below year-ago levels for a fourth week in a row.

Eni Announces Akoma Discovery in CTP-Block 4 Offshore Ghana

San Donato Milanese (Milan),  May 9, 2019 –Eni announced a gas and condensate discovery in CTP-Block 4 offshore Ghana.

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