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In what sounds like a respite for the oil industry, the Minister of State for Petroleum Resources, Dr Ibe Kachikwu on Tuesday revealed that the Federal Government has begun tracking of Nigeria’s crude oil production to ensure the perennial…
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The Nigerian National Petroleum Corporation (NNPC) has proposed collaboration among African countries in the area of oil and gas infrastructure in order to remain competitive on the global stage. Group Managing Director of the NNPC, Dr.…
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...As group inaugurates board in Africa Nigeria’s Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, Tuesday, in Abuja, said the African Petroleum Producers Organisation (APPO), will ensure that Africans benefitted from the…
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Upon completion of Total’s Egina project targeted to add 200,000 barrel per day to Nigeria’s oil production, the company would be boasting of contributing 23 percent of the country’s national production. Its Deputy Managing Director,…
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THE Federal Government, on Monday, sought for collaboration among African continent in the areas of joint pipelines, research and building of refineries. President Muhammadu Buhari, made this known in Abuja in his message to the…
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Despite Friday’s assurance by the Federal Government that there were no irregularities in the ongoing renewal of over 42 oil licences, stakeholders in the oil and gas sector, yesterday, raised the alarm over the ongoing exercise. With…
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Total’s Egina field, located 93 mi (150 km) off Port Harcourt, kicked into production just as 2018 was winding to a close. The start-up of any offshore field is notable, but Egina’s is especially so: The field is estimated to contain…
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Nigerian crude differentials remained strong on Thursday, while the high offer levels and a number of pending buy tenders were heard to be keeping some buyers on the sidelines. An unplanned outage in Libya, reduced exports from Algeria…
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The Department of Petroleum Resources and the Ministry of Petroleum Resources have denied allegations that there are irregularities in its renewal of oil and gas licenses. The DPR and the Petroleum Ministry were reacting to the decision…
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LEKOIL (AIM: LEK), the oil and gas exploration, development and production company with a focus on Africa, provides an update on OPL310 (the “Block”) with reference to the Company’s Application for a Declaration regarding Ministerial…
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