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   Market Date: 16-04-2014   
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Oil Sector

  1. NSE approves for SEPLAT to list at N576 per share


    The Council of the Nigerian Stock Exchange (NSE) has approved a listing price of N576 per share for Seplat Petroleum Development Company Plc, thus making it the highest priced equity in the oil and gas sector.
  2. Analysts caution on OML deals and possible links to politically exposed persons


    As much as Nigeria remains committed to private sector participation in the economy as part of the transformation agaenda, international analysts remain concerned about a reverse engineering of the process.
  3. TALEVERAS clarifies role in crude oil swap arrangements


    The management of TALEVERAS has reacted to an erroneous news report in a Nigerian news daily of March 25, 2014, which wrongly published that the Nigerian Extractive Industries Transparency Initiative (NEITI) credited the group with 152,308,878 litres of u
  4. Russia Looks East as Relations with Europe Deteriorate


    The standoff between the U.S. and the EU on one hand, and Russia on the other, intensified pretty quickly late last week. The U.S. quickly slapped heavier sanctions on Russia after its annexation of Crimea, leading to a mutual escalation of retaliatory me
  5. NEITI Says Reports That Nigeria Loses $8b Annually From Crude Swap Deal Is Inaccurate


    In an apparent clarification of its previous position on the alleged $22.8bn missing oil money at the Nigerian National Petroleum Corporation (NNPC), during a recent legislative presentation, the Nigerian Extractive Industries Transparency Initiative (NEI
  6. Russia Eyes Crimea's Oil and Gas Reserves


    According to Reuters , Crimea may nationalize oil and gas assets within its borders belonging to Ukraine, and sell them off to Russia. Crimea’s Deputy Prime Minister hinted at the possibility that it would take control of Chornomorneftegaz, a Ukrainian st
  7. Boundless Natural Gas, Boundless Opportunities: Interview with EIA Chief


    The Energy Information Agency (EIA) has predicted that natural gas production in the US will continue to grow at an impressive pace. Right now output is close to 70 billion cubic feet a day and is expected to reach over 100 billion cubic feet per day by 2
  8. President Jonathan appoints FarouK Ahmed as new CEO for PPPRA


    President Goodluck Ebele Jonathan has approved the appointment of Mr. Farouk A. Ahmed as Executive Secretary of the Petroleum Products Pricing Regulatory Agency (PPPRA) with immediate effect.
  9. Iraqi Government Threatens Action Against Kurds as Oil Exports Set to Begin


    Iraq's Deputy Prime Minister for Energy Affairs firmly stated the central government will take action, "including fiscal measures," if Kurdistan begins exporting oil without coming to an agreement with Baghdad. The remarks came as Minister Hussain al-Shah
  10. Ukraine & Turkey: The European Energy Coup


    Though Norway in June overtook Russia in total exports of natural gas to Europe, the balance of Russian gas to Europe comes through Ukraine, which itself is dependent upon Russia for 60% of its current gas consumption.
  11. The Big Winners in Kenya’s Oil Debut


    Kenya will start pumping its first commercial oil next year and begin exporting in 2016, but this is just the opening salvo: new discoveries in recent months and fast-track new well development make Kenya the darling of East Africa from an investor’s pers
  12. The United States is on track to become the world’s No. 1 oil producer by 2017


    PARIS – After unleashing an energy revolution in the United States, shale gas and oil are now becoming energy game changers worldwide, a break with the past whose ramifications are still unclear.
  13. The Shale Boom, Just Getting Started: Interview with Tyler Cowen


    Thanks to the shale boom, markets already perceive the trade balance optimizing, energy prices are cheaper than they would otherwise be and we've even cut carbon emissions. And we are only getting started, according Tyler Cowen, New York Times best-sellin
  14. Egypt for Sale


    Three years has seen the overturn of two government, the deaths of thousands of people and the destruction of much of the Egyptian economy. In the end, the mobs have changed nothing, except to make their own lives more miserable.
  15. GON affirms its commitment to remove all Impediments to Investments in Nigeria


    President Goodluck Jonathan pledged Wednesday in Abuja that his administration will keep on implementing policies and measures that will continuously improve the operating environment for entrepreneurs and investors in the Nigerian economy.
  16. Mideast Oil Loses Some of its Power


    On his way back from the Yalta conference in February 1945 where US President Franklin D. Roosevelt met with Great Britain's Winston Churchill and the Soviet Union's Stalin, the American president made an unscheduled stop in Egypt where he met with Saudi
  17. Exploring for Oil in Nicaragua: Friends in High Places


    On 17 July, Nicaragua announced that US-based Noble Energy would invest $30 million in drilling two offshore wells in the Caribbean—launching Nicaragua's first-ever oil exploration. The wells will be drilled in the Tyra and Isabel blocks, which have under
  18. Time for Investors to Hunker Down


    It's time to step out from my 'normal' role as the 'energy expert' and make a comment or two on the markets in general, just as a professional trader who's seen quite a bit in his almost 3 decades of daily experience with capital markets and the way they
  19. The Next U.S. Oil Book Is About To Begin


    When the Bakken shale oil play really got rocking, stocks like Continental Resources went from $10-$100, and Brigham Exploration went from $2-$36-all in just 2-3 years. When the Eagle Ford got rolling, stocks like PetroHawk went from a few dollars to $37.
  20. An Insight into President GEJ’s vision on Solid Minerals Resource Development


    Address by His Excellency, President Goodluck Ebele Jonathan, GCFR At the Interactive Workshop on Solid Minerals Resource Development At the State House, Monday, August 19, 2013
  21. 6 Key Oil & Gas Discoveries of 2013 – Who's Worth Owning


    The pace of oil and gas exploration is frightening, and discoveries are weekly, if not daily, with volumes investors would only have dreamt of a decade ago. With each new discovery, it becomes difficult to keep track of the playing field, and even more di
  22. President Jonathan approves appointment of New Director of Petroleum Resources


    President Goodluck Jonathan has approved the appointment of Mr. George Abiodun Osahon as the new Director of the Department of Petroleum Resources (DPR). Mr. Osahon who has over 30 years experience in the petroleum sector is to replace the incumbent Direc
  23. Stock Returns remain impressive as mixed outlook hits Oil & Gold Markets


    An analysis of selected investment markets (Equities, Oil and Gold) reveals that at current prices, the stock market is out-performing the gold and oil markets. Recall that the stock market was recently hit by huge volatility on the back of strong profit-
  24. Iran’s election may remove about $5 -$10 from the crude oil benchmark price


    The surprise historic election of the Scottish trained pro-western moderate cleric Hassan Rouhani as the next president of Iran will probably remove about $5 -$10 from the Brent crude oil benchmark price in coming days and weeks. Historically the differen
  25. Mid 2013: Assessing the Risk of Disruption to Nigeria’s Oil Production


    A break in personal and political relations between Nigeria's President Goodluck Jonathan, and the governor of the country's largest onshore oil producing state, Rivers state Governor Rotimi Amaechi, threatens to once again plunge the volatile Niger Delta
  26. FBN Capital hosts Roundtable on Raising Equity/Mezzanine Capital for indigenous Oil & Gas Firms


    FBN Capital Limited, the investment banking and asset management subsidiary of FBN Holdings Plc, hosted its maiden Oil and Gas Roundtable on May 28th 2013 at the Radisson Blu Hotel, Lagos.
  27. Oil & Gas Sector: 83% of Oil Firms Issue no Bonus Scripts in 6Years


    The Oil and Gas sector on the Nigerian bourse seems to be recovering faster than we had expected; considering the consistent and improved patronage recorded so far in the year with an average sector performance of +20.35% gain which is now far above the
  28. Oxford University to host Diezani Alison-Madueke


    In the wake of the discovery of shale gas in the USA and China, oil producing African nations such as Nigeria are predicted to be at risk of losing 25 to 40 % of oil revenue by reduced demands and the subsequent effect of lower oil prices.
  29. Choosing the Right Oil Company to Own in 2013


    I have been making the point about crude oil production and capex absolutely CONTROLLING the energy space right now and through 2013 and this week's entry is perfect to point that out again through the released quarterly reports of EOG Resources (EOG) and
  30. The New Petroleum Industry Bill and Taxation of Petroleum Products in Nigeria


    No one would doubt that the taxation of severed mineral interests as well as oil and gas production is an important issue as governments hope to capitalize on this burgeoning industry, while maintaining an attractive environment for business expansion. In
  31. Memo to Investors in the Oil & Gas Sector - Price Trend Analysis Review


    The Oil & Gas sector is currently experiencing active reversal trend while the sector closed among top leading sectors on the Nigerian bourse as our sectoral analysis revealed.
  32. Oil Market Outlook Supportive of Naira Assets


    We continue with the serialization of our core strategy document the Nigeria Strategy report. Today, our discussion centres on a review of the recent drivers of oil prices, incorporating our expectation in 2013 and possible impact for naira assets.
  33. Kenyan Oil, Hot and Getting Hotter


    It's actually a very timely conversation as most eyes in the energy world (and investors) are tuned to Africa as being the next oil and gas exploration hot spot very big things are expected in 2013. The hottest spot in Africa at present is Kenya
  34. Crude oil price falls as uncertainty hits energy markets


    Oil prices fell on Monday following uncertainty about future action from the U.S. Federal Reserve and data showing the U.S. unemployment rate unchanged.
  35. Capital Oil Resumes Operations as AMCON Vacates Premises


    One month after its operations were shut down, Capital Oil and Gas Industries Ltd Thursday resumed normal business activities The premises of the company was shut down following an order of an Abuja Federal High Court that the Assets Management Corporati
  36. AMCON insists on possession of Capital Oil’s assets


    Asset Management Company of Nigeria, AMCON, said yesterday it would not yield possession of the assets of Capital Oil and Gas Industries Ltd, temporarily forfeited to it by virtue of a Federal High Court order of November 13 this year.
  37. 2012's Top 5 Oil & Gas Plays


    2012 has been a stellar year for oil and gas. From East Africa to North America , new technology, major new discoveries, an unparalleled appetite for exploration and a metamorphosing perception of risk have changed the playing field.
  38. OPEC Maintains Output


    OPEC decided to maintain its oil production ceiling of 30 million barrels a day, in a move that was widely expected, though it was unclear whether the group would say anything to address the fact that it is currently producing well above that target, acco
  39. OMG! Fuel subsidy hits N1trn in 2012


    The fuel subsidy bill for 2012 hit N1.05 trillion as President Goodluck Jonathan yesterday admitted that he had underestimated the cost of subsidising fuel. The President said this while submitting a request to the National Assembly to approve N161 billio
  40. Sonangol’s $3.2bn profit shows NNPC’s model as broken –


    Angolan state oil firm Sonangol’s strong profit growth for 2011 is highlighting the broken model of Nigeria’s state controlled oil company, the NNPC, which is hobbled by corruption, poor management and political interference.


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