Oil disruptions speeding up new world energy order

By ADEBAYO OBAJEMU The world’s oil market is rebalancing faster than expected due to several serious outages, including disruptions in Nigeria. But for now, there is enough oil in storage and excess capacity to keep prices from spiking. “We’ve strung together an impressive number of outages and supply disruptions for the moment, but More...

by Vera Olubi | Published 1 year ago
By Vera Olubi On Tuesday, March 15th, 2016

It is cheaper to import petrol than refining locally – Kachikwu

It is cheaper to import petrol than refining locally – Kachikwu Nigeria’s Minister of State for Petroleum Resources, Emmanuel Ibe Kachikwu has explained why Nigeria will continue to import Premium Motor Spirit More...

By Vera Olubi On Friday, March 11th, 2016

Oil prices rise

Oil prices rise Brent crude was on track for its third weekly gain on Friday, supported by an optimistic report from the International Energy Agency. Still, analysts cautioned that a large glut of oil remained, More...

By hallmarknews On Wednesday, January 27th, 2016
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NUPENG condemns militants’ vandalism in Niger Delta

  The National Union of Petroleum and Natural Gas Workers (NUPENG) has condemned militants who blew up pipelines in the Niger Delta. The leadership of the union said perpetrators should face the music. Alhaji More...

By hallmarknews On Tuesday, December 1st, 2015

Oando may not pay dividends

In spite of its strategic acquisitions of ConocoPhillips and Medal Oil last year, Oando Plc which reported a dismal performance in respect of its third quarter 2015 financial profile, may not pay  dividends to More...

By Vera Olubi On Monday, October 26th, 2015

Kola Aluko: Billion dollar man in the eyes of the storm

By ADEBAYO OBAJEMU  |   Kola Aluko is one of the most elusive , rich and controversial figures in business in Nigeria. He was born October 20, 1969, in Lagos. Aside from his rich pedigree as the son of Chief More...

By Vera Olubi On Monday, October 19th, 2015

Mercurial Holding’s 17% stake in Fortes Oil: what analysts say

By ADEBAYO OBAJEMU |   Forte Oil plc was in the news throughout last week as  Mercuria Energy Holding SA, the world’s third largest independent energy trader and asset operator, acquired 17 percent More...

By hallmarknews On Thursday, September 3rd, 2015

Dangote to invest in Zimbabwe’s power, coal sectors

  AlikoDangote has disclosed intention to invest in Zimbabwe’s cement, power generation and coal-mining industries as part of expansion plans in the southern African nation. Dangote Cement Plc may start More...

By hallmarknews On Thursday, September 3rd, 2015

NERC abolishes ‘imbalance penalty’ against Discos

Stories OREDOLA  ADEOLA The Nigerian Electricity Regulatory Commission, NERC, has announced the removal of a controversial regulation, which penalises electricity distribution companies, Discos, for taking electricity More...