Power sector records N103bn liquidity shortfall Q3 2017

OpeOluwani Akintayo 29 August 2018, Sweetcrude, Lagos — Nigeria’s power sector recorded a liquidity shortfall of N103 billion in the third quarter of 2017. More »

Govt repositioning maritime sector to lead economic diversification

Michael James 29 August 2018, Sweetcrude, Lagos — President Muhammadu Buhari says the Nigerian maritime sector is being repositioned by the Federal Government to take a leading position as one of the viable alternate sources of revenue in growing the economy as part of its resolve to continuously diversify the Nigerian economy. More »

Total leads energy companies’ trading

28 August 2018, Sweetcrude, Lagos — Total led in Tuesday trading on the floor of Nigerian Stock Exchange for energy companies with a 9k gain. More »

Iran oil exports set to drop in August ahead of U.S. sanctions: data

28 August 2018, News Wires — Iran’s crude oil and condensate exports in August are set to drop below 70 million barrels for the first time since April 2017, well ahead of the Nov. More »

Iraq sending team to U.S. to seek deal on transactions with Iran

28 August 2018, News Wires — Iraq will send a delegation to the United States seeking an agreement on financial transactions with Iran following Washington’s reimposition of sanctions on Tehran, Prime Minister Haider al-Abadi said on Tuesday. More »

Equinor to boost drilling to extend Norwegian shelf life

28 August 2018, News Wires — Oil producer Equinor aims to boost the recovery rate from its Norwegian fields to well above the global average to extend production from the mature basin beyond 2030. More »

Aker Solutions CEO expects Brazil revenue to double within 5 yrs

28 August 2018, News Wires — The chief executive of Norwegian oil services firm Aker Solutions said on Tuesday he sees big growth potential from its Brazilian business and from scaling up its exposure to floating offshore wind farms. More »