Upstream

Although Nigeria has set a target of ending gas flaring by 2020, the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, said the country’s infrastructure gap remain a critical challenge to government’s gas commercialisation…
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Amid cautious economic projections for the nation’s economy by experts in the new year, Edo State Governor, Mr Godwin Obaseki, has assured that the recent addition of Egina production facility to the bouquet of income streams in the…
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Stakeholders in the oil and gas sector yesterday said implications of the resumption of hostility against oil facilities in the Niger Delta by militants may cripple implementation of the nation’s budget benchmarked at $60 per barrel and…
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The United Nations says Nigeria lost an estimated 2.8 billion dollars in revenues in 2018, mainly due to oil-related crimes. This is according to a new ‘Report by the Secretary-General on the activities of the United Nations Office for…
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The Nigerian National Petroleum Corporation (NNPC) has affirmed that it is keen on meeting its December 2019 deadline proposed by the Federal Government to end the importation of petroleum products. This will be a progress, seeing…
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Penspen, a leading global provider of engineering and project management services to the energy industry, is pleased to announce that it has been awarded a contract by the Office National des Hydrocarbures et des Mines (ONHYM) and the…
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…raises the alarm over blackmail, defamation Ocean Marine Solutions Limited (OMS), a leading asset company dedicated to protecting the nation’s strategic assets, has tasked the Federal Government to investigate the management of Trans…
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As the Nigerian National Petroleum Corporation (NNPC) intensifies its search for hydrocarbon deposits in the Benue trough, the Group Managing Director of the Corporation Dr. Maikanti Baru, has said that plans have been concluded for the…
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Activity was focused on a handful of small tenders on Thursday with sellers staying on the sidelines as demand has yet to resurface following the holiday period. Chinese demand has been weaker for the latest month’s cargoes and…
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Oil cargoes departing from Nigeria to the United States fell to 103,000 bpd in December, down by 48,000 bpd, new data show. Generally exports by OPEC nations to the US fell to 1.63 million barrels per day (bpd), down from 1.80 million…
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