By Oke Peter The Managing Director of Nigeria LNG Limited (NLNG), Tony Attah, at the recently-concluded Nigerian Economic Summit in Abuja, said that a long term strategic development plan would encourage investments, improve infrastructure in the country and boost production of both export and domestic gas. Chairing a breakout panel discussion at the Energy Session…
By Oke Peter An international oil giant, Exxon Mobil Corporation, has announced on Wednesday, that it has acquired a crude oil terminal in Wink, Texas from Genesis Energy LP. The terminal is located in the rapidly growing Delaware Basin, part of Permian Basin – one of the most prolific plays in the United States. The…
By Oke Peter Oil prices rose on Wednesday, lifted by a fall in U.S. crude inventories and concerns that tensions in the Middle East could disrupt supplies. Brent crude futures, the international benchmark for oil prices, were at 58.27 dollars at 0131 GMT, up 39 cents, or 0.7 per cent from their last close – and…
