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The Nigerian National Petroleum Corporation (NNPC) has recorded an encouraging 43 per cent drop in cases of willful damage of its oil pipeline infrastructure by suspected oil thieves in May, 2020. The corporation, in a release by its…
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The United Bank for Africa, UBA, Plc has announced a $200 million facility support to boost Nigeria’s crude oil production capacity. The facility is part of a $1.5 billion Pre-Export Finance Facility provided by consortium of Nigerian…
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Construction of the $12 billion Dangote Refinery, which has the capacity to refine 650,000 barrels per day/bpd, has reached 71 percent completion stage. The Department of Petroleum Resources, DPR, stated this in its latest report-- List…
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Nigeria, Africa’s biggest crude oil exporter, has hiked the ex-depot price for Premium Motor Spirit (PMS) also known as petrol by N5.32 per litre. The country’s Pipelines and Products Marketing Company (PPMC), which is a subsidiary of…
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The refining capacity of Nigeria has increased from 445,000 barrels per day, bpd, to 462,000 bpd, as private investors complete the construction of three new refineries, indicating an increase of 3.8 per cent. The refining capacity of…
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The delay in reaching Final Investment Decision, FIDs, on some critical oil and gas projects has resulted in the shut in of over 750,315 of crude oil production in Nigeria. Nigeria’s bucket list of oil and gas projects where FID has…
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The House of Representatives has waded into the alleged N13.07 billion contract debt owned an indigenous oil company, DE COON Services Limited by the Nigeria Agip Oil Company (NOAC). The House action followed a petition written to it by…
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The Minister of State for Petroleum Resources, Chief Timipre Sylva, has said that Nigeria’s gas reserve can match its energy need if there is efficient utilisation and monetization template of the resources. Speaking at the maiden…
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The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has explained why several licenses granted to private investors by government for the establishment of refineries could not come to…
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Oriental Energy Resources has commenced a marketing campaign of certain interests in its existing offshore Nigeria assets to qualified prospective partners, having recently obtained Government approval for its legacy block Oil Mining Lease…
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