Eland Plans To Increase Oil Production To 17,000 Barrels Per Day
Yemisi Izuora The Nigeria-focused firm Eland is set to double its oil production to about 17, 000 barrels a day in 2019. George Maxwell, the firm’s chief executive, said:…
Energy
Energy
Economic Growth Concerns Hit Oil Prices
Yemisi Izuora Oil prices were on Wednesday pulled down by economic growth concerns that darkened the outlook for fuel consumption, but supported by voluntary supply cuts led by producer club…
Morocco Firm To Build $600 Million 550MW Gas-Fired Power Plant In Nigeria
Yemisi Izuora Themis, an Africa-focussed power company based in Morocco, has announced a new partnership with Kingline Development Nigeria Limited (Kingline) to develop a 550 megawatts, MW, natural gas-fired power…
Oilserv Group Commissions New Ultra-Modern Office Complex
Yemisi Izuora Oilserv Group has commissioned a new corporate office complex sited in the premises of the registered base in Port Harcourt, Rivers State, Nigeria. The magnificent edifice, which was…
Nigeria Can Achieve 2.3 Million Barrels Per Day Crude Oil Production Target-NNPC
Yemisi Izuora The Nigerian National Petroleum Corporation (NNPC) has assured that the Oil Industry would attain the 2.3 million barrel per day production volume-target for the 2019 budget, assuring that measures have…
US/China Stalled Trade Talks Hit Oil Prices
Yemisi Izuora Oil prices nosedived on Wednesday, retreating from a four-month high, as concerns that trade talks between the United States and China have stalled, stoking fears over the outlook…
Vitol Forecasts Oil Demand Growth To Peak By 2034
Yemisi Izuora Vitol has maintained its position as the world’s largest oil trader, after reporting higher traded volumes last year on Tuesday. The firm also said it expected oil demand…
OVH Energy Partners FRSC On Drivers Training, Road Safety Culture
Yemisi Izuora OVH Energy Marketing Limited, has announced the commencement of a drivers’ training refresher program for 2019 themed Safe Driving – Imperatives for Road Safety and Operational Excellence. The…
Baru Confirms Progress In Drilling At Kolmani River-II Well
Yemisi Izuora The Kolmani River-II Well which spud-in was flagged off last month by President Muhammadu Buhari is progressing satisfactorily, with drilling so far of 6,700 feet, the Group Managing…
US Oil Output Set To Rise By 85,000 Barrels A Day
Yemisi Izuora There are strong indications that US oil output from seven major shale formations is expected to rise by 85,000 barrels per day in April to a record 8.59…
