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The one million barrel consignment, which will head toward the Dutch port of Rotterdam, comes at a tricky moment for the West African country, given a pledge it has made to OPEC and other oil producing countries to help them avert a glut…
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Nigeria is about to ship the first cargo of crude oil from a new deposit about 90 mi off its coast. The 1 MMbbl consignment, which will head toward the Dutch port of Rotterdam, comes at a tricky moment for the West African…
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Please note that the submission date for the Nigerian Gas Flare Commercialisation Programme (NGFCP) Statement of Qualification (SOQ) has been extended to Thursday, 28th February, 2019 as opposed to the…
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The fraction of oil monies accruable to Nigeria from Production Sharing Contracts (PSCs) related agreements it has with International Oil Companies (IOCs) has remained the lowest among other oil producing jurisdictions with same…
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Eterna Plc, an operator in the nation’s downstream oil sector, has said it aims to increase the number of its petrol stations across the country to 200 and acquire upstream oil and gas assets in the next five years. The Managing…
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A Federal High Court Lagos Wednesday adjourned until April 30, the $69 million suit filed by the federal government against Chevron Petroleum Nigeria Ltd, seeking to recover oil revenue. The federal government filed the suit against…
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Nigerian Navy, yesterday, said activities of oil thieves in the country cost it N11.08 billion in 2018. The disclosure came as it said 1952 illegal crude oil refining sites in the Niger Delta were uncovered and subsequently…
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The African Petroleum Producers Organization (APPO) and its member countries have called for unity, cooperation and reform amongst oil producers ahead of the Cape VII Congress and Exhibition, which will take place April 2-5, 2019 in…
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Exactly seven months after the Minister of State for Petroleum, Dr. Ibe Kachikwu, directed the Nigerian National Petroleum Corporation (NNPC) and Shell Nigeria Exploration and Production Company (SNEPCo) to commence the tendering process…
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The Nigerian National Petroleum Corporation (NNPC) yesterday indicated it would be willing to accept technical assistance from India to repair its refineries in Kaduna, Warri, and Port Harcourt, which have a collective processing capacity…
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