Crude Oil Metering, Baker Hughes Partners TREXM
Baker Hughes, a GE company, in partnership with a local firm, TREXM Oil and Gas Services, has unveiled the latest innovative metering solution in the Nigerian market to help players in the oil and gas sector cut costs,...
Crude Oil: Kachikwu Commends DPR On Digital Accounting
The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has commended the Department of Petroleum Resources for the digital technological breakthrough in crude oil accounting through the deployment of the National Production Monitoring System platform.
Kachikwu, who...
Crude Oil: Nigeria Gained N3.254tr From Exportation In Q4 Of 2017
Nigeria realized N3.254trillion from crude oil export in the fourth quarter (Q4) of 2017, representing 83.2 per cent of the highest proportion of the country’s total exports during the period under review.Besides, the country...
CBN- Nigeria Makes N7.3tr From Oil In 2017
Nigeria’s total revenue from crude oil rose by 29 percent to N7.3 trillion in 2017, reflecting impact of increases production and in crude oil price. Governor, Central Bank of Nigeria (CBN), Mr Godwin Emefiele The revenue from...
OPEC: Oil Market Heads Towards Rebalancing
After long years of punishingly low oil prices, the global oil market is moving closer to reaching a healthy balance between supply and demand, OPEC said on Thursday.
In its monthly oil market report, the Organization of Petroleum Exporting Countries...
The price of brent crude oil rose to 70 dollars a barrel on Monday, supported by ongoing output cuts led by OPEC and Russia, and ignoring a rise in US and Canadian drilling activity that points to higher future output in North America.
Brent sweet...
