Upstream

Country loses estimated N995.2bn annually A new report on the age-long crude oil theft in Nigeria has revealed how International Oil Companies (IOCs) in the Niger Delta region steal and siphon large volumes of crude oil from the country…
Read More...

The Nigerian National Petroleum Corporation, NNPC, said it’s in talks with financiers to raise as much as $4.1 billion and will seek to sign service deals to increase production from three leases. The NNPC, is in discussions with…
Read More...

The largest single train refinery in the world, Dangote Refinery, will commence operations in April 2020, according to the President of Dangote Group, Aliko Dangote. Speaking with journalists in Lagos at the weekend during an inspection…
Read More...

Nigeria’s proposed 2.3 million barrels daily crude oil production capacity is achievable, key government officials have said. Since President Muhammadu Buhari presented the draft Appropriation Bill for the “2019 Budget of Continuity” to…
Read More...

Nigerian crude oil has been offered at its highest levels in almost a year this week, traders said, citing cheaper freight rates and shorter supply of competing grades such as Libyan crude. * Major grades such as Bonny Light and Qua…
Read More...

Four international anti-graft groups have protested against plans for an out-of-court settlement with Royal Dutch Shell (RDS) Plc and Shell Nigeria Exploration and Production Company (“SNEPCO”) over Oil Prospecting Licence (OPL) 245, which…
Read More...

At plateau, the Egina field will produce 200,000 barrels of oil per day, which represents about 10% of Nigeria’s production. The Floating Production Storage and Offloading (FPSO) unit used to develop the giant Egina field is the largest…
Read More...

The Nigerian National Petroleum Corporation (NNPC) on Tuesday raised alarm over the rising incidence of pipeline vandalism across the country. In a statement, the NNPC spokesperson, Ndu Ughamadu, said the corporation’s pipeline network…
Read More...

Eland Oil & Gas, an oil & gas production and development company operating in West Africa with an initial focus on Nigeria, has provided an update on operations and guidance for 2019. Highlights Average production in 2018 was…
Read More...

Recent pictures of Niger Delta Exploration & Production Modular Refinery in Ogbele, Rivers State. Work is at an advanced stage of completion, as production is scheduled to commence in March, 2019. They say PMB has not done…
Read More...