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By Saidu AbubakarShell Nigeria Exploration and Production Company Ltd (SNEPCo) produced more oil at Bonga last year than the previous one, a review of operations has shown. Nigeria’s first deep-water development produced some…
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Nigeria crude oil production drops ...As Bonga adds 138,000 barrels Nigeria last month produced 1.281 million barrels per day of crude oil, as the country’s output edged slightly against the 1.231 million output in March.Monthly…
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Acting SEC DG, Emomotimi Agama The Securities and Exchange Commission (SEC) has vowed to collaborate with the Economic and Financial Crimes Commission (EFCC) to mitigate forex trading manipulations within the virtual space.Acting…
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Following the naira’s depreciation, the Central Bank of Nigeria has raised the exchange rate for calculating import duty at Nigeria’s ports to N1,457.014 per dollar. The Customs Forex duty rate represents a three-percent hike in the…
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The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) is urging oil marketers to integrate Compressed Natural Gas (CNG) points into their filling stations, aiming to enhance accessibility for consumers. Engr.…
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The Nigerian Midstream and Downstream Petroleum Regulatory Authority has agreed to clear the outstanding N200 billion bridging claims to petroleum products marketers as a way of resolving the crisis which has led to fuel scarcity in…
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Funds, competence necessary in Nigeria’s bidding round- ND WesternAn indigenous oil and gas company, ND Western, has disclosed why financial muscle, technical competence and historical performance form the major considerations in…
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– Threatens nascent industryA rush by U.S. fuel makers to recalibrate their plants to produce renewable diesel has created a supply glut for low-emissions biofuels, hammering profit margins for refiners and threatening to impede a…
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FILE PHOTO: A Chevron gas station sign is seen in Del Mar, California, April 25, 2013. Chevron will report earnings on April 26. REUTERS/Mike Blake/File Photo/File PhotoAmerican oil giant Chevron has launched the sale of its stakes in…
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Oil Spill The National Youth Council of Ogoni People (NYCOP) said they have begun the process of multi-stakeholder negotiations on the resumption of oil extraction in Ogoniland.The group disclosed this during a mega rally organised…
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