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   Market Date: 29-08-2014   
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Oil Sector

  1. 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.
  2. 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
  3. 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
  4. 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
  5. 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).
  6. 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
  7. The World's Five Most Important Oil Fields


    Much has been made about the role that hydraulic fracturing – or fracking-has played in revolutionizing the energy landscape, unlocking vast new reserves of oil trapped in shale rock. This "tight oil" is pouring into the global pool of oil supplies at a c
  8. China, Russia Sign Multibillion-Dollar Natural Gas Deal


    Beijing and Moscow signed a contract to supply China with hundreds of billions of dollars worth of Russian natural gas, after a decade of difficult talks between the two sides.
  9. Oil Prices could decline and undermine the 2014 Budget


    Forecasting oil price movement is one of the most treacherous disciplines, you are more likely to be wrong and farther from the actual than being accurate. That is why the recent forecast by Matthew Phillips published in the Bloomberg Businessweek makes f
  10. Why Oil Prices Haven’t Gone Crazy


    The oil markets have plenty of reasons to be spooked. In Libya, home to Africa’s largest reserves, production has fallen more than 80 percent since militias seized control of the country’s biggest ports last summer. Most of Iran’s oil remains trapped as w
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