News

…Resolution Will Immediately Unlock about $510million of Gas Revenue In its bid to meet the target of revving up production to 3million barrels per day and unlock gas revenues to the tune of about $225 million in the short term and…
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Oil-producing communities in Bayelsa have asked the Federal Government, Shell Petroleum Development Company (SPDC) and its Joint Ventures (JV), to disregard the purported 21-day ultimatum from a group in the area. The communities…
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A Canadian judge has confirmed the seizure and grounding of a luxury private jet purchased by a former Nigerian oil minister, Dan Etete, with some of the alleged proceeds of the controversial $1.3 billion Malabu OPL245 oil deal. The…
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There are 29 shallow water fields among the 52 fields on offer in the ongoing Nigerian marginal field bid round, which wraps up on September 2, 2020. This represents 56% of the total. Compared with six offshore fields (or 25%) out of…
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…SPDC working to eliminate spills from operational activities, remediate past spills and prevent spills caused by sabotage. …Company’s remediation practices compliant with the Environmental Guidelines and Standards for the Petroleum…
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*Set fire on site In its fight against crude oil theft and other economic sabotage in the Niger Delta, the Defence Headquarters says the maritime component of Operation Delta Safe, has dismantled illegal diesel refining operations in…
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A forum of business leaders from the Niger Delta region have appealed to the Inspector-General of Police (IGP) to unmask the identities of persons threatening the life of Chief Operating Officer, Upstream, Nigerian National Petroleum…
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LEKOIL has signed agreements for the development of the next phase of the Otakikpo marginal field. Further to the execution of a non-binding Memorandum of Understanding (MoU), the Otakikpo Joint Venture (JV) has executed agreements with…
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The refining capacity of Nigeria has increased from 445,000 barrels per day, bpd, to 462,000 bpd, as private investors complete the construction of three new refineries, indicating an increase of 3.8 per cent. The refining capacity of…
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The delay in reaching Final Investment Decision, FIDs, on some critical oil and gas projects has resulted in the shut in of over 750,315 of crude oil production in Nigeria. Nigeria’s bucket list of oil and gas projects where FID has…
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