Industry

Crude exports of Nigeria’s key crude Qua Iboe are set to resume for the first time in almost six weeks after a fire at the terminal halted production and loadings, shipping and trading sources said Jan. 22. Later in the day, a spokesman…
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The Minister of State for Petroleum Resources, Chief Timipre Sylva has announced new dates for the 2021 Nigerian International Petroleum Summit (NIPS). The official Oil and Gas meeting of the Federal Republic of Nigeria which will now take…
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Libya is seeking funding from foreign oil companies to fix its ailing infrastructure after years of war and neglect, the nation’s top energy official said. The state-owned National Oil Corp. was forced to shut down a leaking pipeline on…
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The stability of global markets is one of the key factors for players in the oil sector. OPEC, which has made it its policy, therefore imposes reduction quotas on the production of its members, including Angola. Angola, Africa’s second…
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Oil and gas supply chain companies have seen their profits squeezed since the E&P cost cuts of the previous downturn – and just as the industry could finally hope for better days, the Covid-19 pandemic caused the value of 2020’s…
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The Nigerian National Petroleum Corporation (NNPC) has announced a total export receipt for crude oil and gas valued at $120.49 million for the month of September 2020. A statement by the Group General Manager, Group Public Affairs…
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President Muhammadu Buhari has declared that Nigeria will strengthen its position as regional leader in the oil and gas industry. Speaking at the virtual inauguration of the National Oil and Gas Excellence Centre (NOGEC) at the…
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Fire is still raging on the Ororo-1 well, in shallow water Oil Mining Lease (OML) 95, eight full months after a blowout occurred on the Hydraulic Work over rig Grace-1 HWU. The rig was involved in re-entry operations on the well,…
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•Says 60% of Nigerians without access to electricity The Managing Director, Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has said that there is at least $10 billion worth of investments currently ongoing in the…
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The Federal Government and oil companies in the country lost an estimated N170.77 billion from January to December last year. Analyses by Biz Watch Nigeria on Tuesday showed that a total of 166.27 billion standard cubic feet of natural…
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