Post Tagged with: "Nigeria"

Rising Gasoline Demand Sparks Increased Oil Prices

Rising Gasoline Demand Sparks Increased Oil Prices

Stronger economic data helps lift oil prices

Oil prices are on track for the first weekly gain in a month today with both WTI and Brent crude prices up on Friday. U.S. Department of Energy numbers this week showed another …

Nigeria Seeks $3.5 Billion in International Loans to Fill Holes from Drop in Oil Revenue

Nigeria Seeks $3.5 Billion in International Loans to Fill Holes from Drop in Oil Revenue

OPEC member Nigeria looking to fund power, transport and road infrastructure projects with cheap money

Nigeria, an OPEC member and Africa’s largest economy, is looking to international institutions in order to fund its record-setting 2016 budget. With approximately 35% of …

OPEC: Too Close to Call - Oil & Gas 360

OPEC Production Highest Since 2012

Iraq and Nigeria pushed OPEC production higher in April

OPEC supply rose to 31.04 MMBOPD in April, the highest in more than two years, according to a Reuters survey. The increase puts the cartel’s production even further above demand …

May 1, 2015 - 5:34 pm International, Oil and Gas 360 Articles, OPEC
ConocoPhillips looks to Divest 20% of its Canadian Assets

ConocoPhillips looks to Divest 20% of its Canadian Assets

The U.S. oil major has retained Scotiabank to help sell assets in Western Canada

ConocoPhillips (ticker: COP) hired the Bank of Nova Scotia (Scotiabank) to advise on the sale of about 20% of its production in Western Canada outside of …

March 30, 2015 - 4:48 pm Canada, International, Oil and Gas 360 Articles
CAMAC Energy: Third Analyst Initiates Coverage, Predicts Net Profit by 2015

CAMAC Energy: Third Analyst Initiates Coverage, Predicts Net Profit by 2015

Kase Lawal, Chairman and Chief Executive Officer of CAMAC Energy (ticker: CAK), first said 2015 will be the company’s most profitable year in history in its Q1’14 conference call. Since then, interest around the industry is building in anticipation …

September 23, 2014 - 5:44 pm International, Offshore, Oil and Gas 360 Articles
Afren plc Exceeds Pre-Drill Estimates by 283% in Wild Cat Discovery in Offshore Nigeria

Afren plc Exceeds Pre-Drill Estimates by 283% in Wild Cat Discovery in Offshore Nigeria

Afren plc (ticker: AFR) is an independent upstream oil and gas exploration and production company listed on the main market of the London Stock Exchange. Afren is currently producing from its assets offshore Nigeria and Côte d’Ivoire and holds further …

November 19, 2013 - 3:56 pm Discoveries & Formations, Offshore, Oil and Gas 360 Articles

CAMAC Energy “Highly Encouraged” By Preliminary Results of Oyo-7 Well

CAMAC Energy Inc. (NYSE MKT: CAK) is a U.S. based oil and gas company engaged in the exploration of offshore oil and gas leases in deep water Nigeria. The Company was founded in 2005 and has offices in Houston, Texas, …

October 16, 2013 - 4:12 pm Oil and Gas 360 Articles

OPEC Output Hits Two-Year Low – Analysts Encouraged by Potential Energy Independence in the United States

According to a recent survey by Reuters, OPEC’s oil output dipped to a two-year low, falling from 30.32 MMBOPD in August 2013 to 30.07 MMBOPD in September 2013.

The survey comes despite the fact that Saudi Arabia, the world’s largest …

October 3, 2013 - 5:59 pm Oil and Gas 360 Articles, OPEC, Politics & Opinions
Afren Makes Discovery Offshore Nigeria – Prospective Resources Exceed Expectations

Afren Makes Discovery Offshore Nigeria – Prospective Resources Exceed Expectations

Afren Plc (ticker: AFR) and Lekoil (ticker: LEK) jointly announced a major discovery of significant light oil accumulation at the Ogo-1 well located on the OPL 310 license offshore Nigeria. Today’s discovery confirms the extension of the same Cretaceous sandstones …

CAMAC Energy Inc. Announces Year End and Fourth Quarter 2012 Results and Provides Operational Update

CAMAC Energy Inc. (ticker: CAK) is a Houston-headquartered oil and natural gas company exploring the vast onshore and offshore basins of East and West Africa. Offshore Nigeria, CAK currently produces from the Oyo Oilfield on block OML 120 with additional …

CAMAC Energy Inc: Exploring Proven Africa Basins

CAMAC Energy Inc: Exploring Proven Africa Basins

CAMAC Energy Inc (ticker: CAK) is a Houston-headquartered oil and natural gas company exploring the vast onshore and offshore basins of East and West Africa. Offshore Nigeria, CAK currently produces from the Oyo Oilfield on block OML 120 with additional …

February 26, 2013 - 9:03 pm Oil and Gas 360 Articles