UPDATE ON CRUDE OIL PRICES AS AT 01/06/2020

Oil prices soared on Friday, with U.S. futures closing out May with record monthly gains, on hopes that the U.S.-China trade deal would remain intact and on falling crude production. Both benchmarks saw steep monthly rises due to falling global production and expectations for demand growth as parts of the United States, including New York…

DPR OPENS MARGINAL FIELDS BID ROUND 2020

The Department of Petroleum Resources (DPR) has commenced the 2020 Marginal Field Bid Round exercise. In a statement signed by Management of the organization, the Bid Round exercise is opened to indigenous companies and investors interested in participating in Exploration and Production (E&P) business in Nigeria. According to the statement, a total of fifty-seven (57)…