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   Market Date: 30-10-2014   
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Oil Sector

  1. If oil drops to $70, what will gas cost?

    Usually bullish, Goldman Sachs is changing its tune about oil (New York Mercantile Exchange: @CL.1). The widely followed investment bank is now predicting oil prices will fall another $10, ultimately dropping to $70 a barrel in 2015.
  2. Economic Commentary | Declining Oil prices, where do we stand?

    Oversupply Pressuring Oil Prices The recent decline in oil prices can be directly associated with increasing oversupply in the global market as Shale oil output in the US is forcing cutback on importation (no importation from Nigeria in H2:2014), coupled with reduced demand from other regions including China.
  3. Total put up OML 138 for sale

    Total SA, has put up its interest in OML 138 for sale again, the company has said, after a 2012 deal with Sinopec Corp failed.
  4. SacOil Holdings' acquisition of Lagia Oil Field

    SacOil, the African independent upstream oil and gas company, today announced the signing of an agreement to acquire the Cyprus-registered Exploration and Production Company, Mena International Petroleum Company Ltd (MIP).
  5. 1st Nigerian Lubricants Industry Summit: Manufacturers say lubricant sector can employ 50, 000 more

    With the right business environment, Nigeria’s lubricant industry can employ 45, 000 more people than it currently does, the manufacturers say.
  6. IEA warns on OPEC Oil Production Risks

    The sectarian strife in Iraq has put growth of OPEC crude oil production capacity over the next five years at risk, according to the International Energy Agency, highlighting the importance of the country to the global energy market. Roughly, 60% of the g
  7. Oando Plc - Conoco Phillip Acquisition - Transformational

    Yesterday, Oando Energy Resources announced the receipt of the long awaited ministerial consent of the Honourable Minister of Petroleum Resources of Nigeria for the acquisition of the upstream oil and gas business of Conoco Phillips for a total cash consi
  8. OANDO announces GON approval of its $1.65bn acquisition of CONOCOPHILLIPS Nigeria

    Oando Plc, a player in the oil and gas exploration and production business in Nigeria this evening, announced receipt of the consent of the Honourable Minister of Petroleum Resources of Nigeria for the acquisition of the Nigerian Upstream Oil and Gas Busi
  9. Petroleum Technology Development Fund gets a new Executive Secretary

    President Goodluck Ebele Jonathan has appointed Mr. Olufemi Ajayi as the Executive Secretary of the Petroleum Technology Development Fund (PTDF).
  10. Making an Economic Case (Oil) for helping IRAQ against ISIS

    There may be geopolitical reasons to help the unsavory Maliki in what looks less like an Iraqi insurgency and more like a regional Sunni-Shiite conflict, but America has surprisingly little economic interest in taking sides. The big economic issue involv
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