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OIL AND GAS NEWS

New and analysis from Nigeria's oil and gas sector.

Bloomberg report Seplat plans to defer some oil investments while expanding gas output to survive low crude prices,...
Standard & Poor's Ratings Services warned Tuesday that it might downgrade Nigeria's credit rating, citing tumbling oil prices...
Standard & Poor's downgraded Afren Plc on Wednesday, becoming the second major ratings agency (after Fitch) to warn of...
South Africa's oil and gas explorer SacOil Holdings said on Monday it may cancel an agreement to complete...
The Punch Newspaper carried a story on Friday that Nigerian banks were currently negotiating with Local Oil and...
Nigeria resumed operations on its Trans Forcados oil pipeline, a senior oil official said on Monday, bringing back...
  Source: thebreakthrough.org Bloomberg is reporting that Oil prices jumped after the death of King Abdullah of Saudi...
Nigerian stocks have had a volatile last 8 weeks as it rides on a wave of boom and...
  Bloomberg reports Billionaire Harold Hamm, one of the early adopters of shale drilling in North Dakota  plans to...
Reuters, reports PENGASSAN and NUPENG  will begin an indefinite nation-wide strike starting on Monday Dec. 15. The Petroleum...
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has announced plans to commence a three-day...
Oando Energy Resources Inc., a subsidiary of Oando Plc has announced the completion of the 45,000bbls/d, 51km Umugini...