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TheCable

Petrobarometer

Afreximbank forecasts 10% rise in oil prices by 2021

    Afreximbank forecasts 10% rise in oil prices by 2021

The African Export-Import Bank (Afreximbank) has predicted that oil prices will rise by 10 percent in 2021. This was contained in the ‘Afreximbank African Commodity Index (ACCI) third quarter (Q3)

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‘It is premature’ — Shell dismisses alleged takeover of Kidney Island asset by Rivers

    ‘It is premature’ — Shell dismisses alleged takeover of Kidney Island asset by Rivers

Shell Petroleum Development Company (SPDC) has dismissed a purported takeover of its Kidney Island asset by Rivers state government. This was disclosed in a statement signed by Gbenga Odugbesan, spokesman

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Malabu oil deal: FG, Shell, Agip lose bid to stop suit on Abacha’s family ownership claim 

    Malabu oil deal: FG, Shell, Agip lose bid to stop suit on Abacha’s family ownership claim 

A federal high court in Abuja has declined an objection filed by the federal government, Shell Nigeria Exploration and Production Company Ltd, Nigeria Agip Exploration Company and others. The suit

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ExxonMobil declares force majeure on Qua Iboe terminal

    ExxonMobil declares force majeure on Qua Iboe terminal

ExxonMobil has issued a force majeure on Qua Iboe Terminal (QIT) after one of its supervisor allegedly died in a gas flaring accident at the facility on December 13, 2020.

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NNPC, NEITI resolve audit issues in previous reports

    NNPC, NEITI resolve audit issues in previous reports

Some audit issues raised against the Nigerian Petroleum Corporation (NNPC) in past reports of the Nigeria Extractive Industries Transparency Initiative

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Timipre Sylva: Refinery rehabilitation exercise is still in progress

    Timipre Sylva: Refinery rehabilitation exercise is still in progress

Timipre Sylva, minister of state for petroleum resources, says the refinery rehabilitation exercise across the country is in its final

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Seplat signs crude purchase agreement with Waltersmith modular refinery

    Seplat signs crude purchase agreement with Waltersmith modular refinery

Seplat Petroleum Development Company Plc has signed a crude purchase agreement (CPA) with Waltersmith Petroman Oil Limited. Edith Onwuchekwa, Seplat

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Buhari: Nigeria close to self-sufficiency in liquefied petroleum gas production

    Buhari: Nigeria close to self-sufficiency in liquefied petroleum gas production

President Muhammadu Buhari says Nigeria is on the verge of being self-sufficient in liquefied petroleum gas (LPG) production. Buhari was

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Buhari to inaugurate NPDC gas facility in Edo

    Buhari to inaugurate NPDC gas facility in Edo

President Muhammadu Buhari is set to inaugurate the 200million standard cubic feet per day capacity Integrated Gas Handling Facility (IGHF)

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OPL 245: Italian court to give verdict on Shell, Eni case March 2021

    OPL 245: Italian court to give verdict on Shell, Eni case March 2021

An Italian court will deliver judgement on Royal Dutch Shell and Eni executives over alleged corruption case in Nigeria by

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