Blog

Tuesday, January 3, 2017 - 12:31
Some say 2016 was the worst year ever but we found a lot to be thankful about - thanks to you! 
Season's Greetings
Sunday, December 25, 2016 - 06:21
As the year draws to a close (yes, we're nearly there), we want to take a moment to thank you for allowing us to be an important part of your daily life. It’s our privilege to serve you - a responsibility we take very seriously.
Energy Map Nigeria
Thursday, October 6, 2016 - 08:36
There are two types of Licenses issued to oil producers in Nigeria namely: the Oil Prospecting License (OPL) and the Oil Mining License (OML) with validity periods ranging from 5 to 20 years respectively.
Nigerian Crude Spec
Thursday, September 15, 2016 - 14:59
Nigeria produces only high value, low sulphur content, light crude oils - Bonny Light, Brass Blend, Escravos Light, Forcados Blend, Qua-Iboe Light. Others include Antan Blend, Bonny Medium, IMA, Odudu Blend, Pennington Light, Ukpokiti. 
Successful Broker
Monday, August 29, 2016 - 08:21
There's no one formula for trading success, but there are a few common denominators and certain inalienable traits, abilities and strengths that seem to resonate in those exhibiting consistent success.
Shell Screen
Saturday, August 20, 2016 - 09:43
Shell Screen London…There is no such thing! The “Shell Screen” is an old Joker Broker myth based on a very thin application of truth. There is no “Shell Screen Company” in London run by Lloyds of London or the NNPC or anyone else. The “Shell Screen” doesn’t exist, it is a complete MYTH.
FAQ
Wednesday, August 3, 2016 - 08:38
There are a number of questions that we are asked on a regular basis and we have compiled a list of Questions and Answers that we hope you will find useful.  Are you still not finding the answer you’re looking for? Contact us directly and we will get back to you as soon as possible.
Saturday, July 30, 2016 - 16:47
The new norm in the oil and gas terrain is a regime of significant commodity price volatility, affecting many businesses across different industry sectors and across the entire energy chain. 
Monday, July 25, 2016 - 20:23
You will not find courses taught about international commodities trading that involve Intermediaries (Facilitators). Almost all courses assume that trading goes on between Buyers and Sellers only.
Monday, July 11, 2016 - 15:16
'Dated Brent' is a market term for physical cargoes of crude oil in the North Sea that have been assigned specific dates when they will be loaded onto a Tanker.
Monday, June 27, 2016 - 06:48
With oil's stature as a high-demand global commodity comes the possibility that major fluctuations in price can have a significant economic impact. The two primary factors that impact the price of oil are: Supply and Demand, and Market Sentiment
Monday, June 13, 2016 - 21:58
Most of the people we are communicating with expect the Seller to show that he is selling to others. They want some verifiable proof of that fact.  Those Buyers because they are financially capable of buying, want to work with a Seller that is known to be capable of selling. In many cases they want to start here – who are we dealing with?
Saturday, June 11, 2016 - 11:33
Now, we try to pre-qualify a Buyer prior to a deal. At this point, we send out the verbiage for BCL/RWA/MT199/MT999, as the case may be. This is important at this stage for two reasons: one, we want a signed contract to be able to close a deal, and two, we want Buyers to keep their integrity.
Tuesday, June 7, 2016 - 14:11
Those who wish to buy and sell Nigerian crude oil must demonstrate their commitment to the oil industry through allocation of adequate resources of capital, equipment and manpower to the general business of prospecting, exploration and production of crude oil.
Saturday, June 4, 2016 - 07:11
Eastern Union Energy is happy to announce a simplified process to acquire Nigeria’s crude oil with well-defined financial requirements to get a vessel loaded and exit Nigerian waters legally.
Thursday, June 2, 2016 - 10:04
Nigeria has reached their OPEC quota and can not sell new contracts for crude oil without exceeding its OPEC quota. Regardless, Nigeria has been doing so for many years. It is a very private marketplace. 
Wednesday, May 25, 2016 - 06:57
Celebrating 3 years of setting the industry standard in Nigeria and beyond - as an energy partner of choice, we are excited to announce the launch of our website!
Friday, May 20, 2016 - 20:17
When proper protocols are put in place and followed rigidly then issues such as trust are no longer needed. Every step of a transaction, from initial introduction to continued delivery is informed by a protocol that protects every party in the transaction. These are the basics that we, at Eastern Union Energy, practise.