Oil & Gas

NNPC restates commitment to OPEC+ Agreement The Nigerian National Petroleum Corporation (NNPC) has reiterated its commitment to abide by the output cut agreement of the Organization of the Petroleum Exporting Countries (OPEC) and its allies aimed at stabilizing the global oil market. The Group Managing Director of NNPC, Mallam Mele Kyari, stated this Wednesday while

LEKOIL appoints Tennyson Securities as Joint Broker   LEKOIL, the oil and gas exploration and production company with a focus on Nigeria and West Africa, has appointed Tennyson Securities to act as the  Tennyson Securities to act as the Company’s Joint Broker alongside SP Angel Corporate Finance LLP with immediate effect. In a statement obtained by

JUST IN: Bonny Light surges towards $56 per barrels on OPEC oil cut By Eyo Nsima The price of Nigeria’s Bonny Light has surged to $55.95 per barrel, just 5 cents behind $60 per barrel in the international oil market as the Organisation of Petroleum Exporting Countries, OPEC, and others intensify efforts in their oil

Asharami Energy appoints Menkiti as COO to drive enhanced production target   Asharami Energy, a Sahara Group Upstream Company, has appointed Henry Menkiti as its Chief Operating Officer to boost ongoing expansion projects aimed at delivering the company’s ambitious production target over the next few years. Henry’s appointment took effect on the 8th December 2020.

Bonny Light Energy and Offshore Limited supplies 20,000 MT of diesel to market in Nigeria WITH 20,000 MT AGO BonnyLight Energy and Offshore Limited, a wholly indigenous petroleum downstream and an emerging player in product storage, marketing, and distribution of petroleum products and other related services have announced the supply of 20,000.00 MT of Premium

Bonny Light price rises to $52.29 on oil output cut   The price of Nigeria’s Bonny Light has risen to $52.29 per barrel as the members of the Organisation of Petroleum Exporting Countries, OPEC and others continue to push for an oil output cut. The leap in price, apparently the highest in recent times, showed