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Increased production by Nigeria and Iraq above the agreed quota by members of the Organisation of the Petroleum Exporting Countries (OPEC), in February, saw compliance level hitting 79 per cent last month, three per cent above…
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Nigeria, in January and February, imported a total of 986, 492 metric tonnes of petroleum products representing 1,387,410,984.2 litres of fuel, data from the Nigerian Ports Authority Shipping Position revealed. Frozen fish…
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Next two years promises to be bright for operators in the Nigerian oil and gas industry with an investment opportunities of $25 billion underway, the Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Mr. Simbi…
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Next two years promises to be bright for operators in the Nigerian oil and gas industry with an investment opportunities of $25 billion underway, the Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Mr. Simbi…
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International Oil Companies (IoCs) have so far contributed about $180 million (about N64.8 billion) of the expected $200m into the London escrow account of the Standard Chartered Bank for the $1 billion Ogoni clean up. The…
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A tribunal sitting at the Lagos Court of Arbitration has awarded over $1.69bn in favour of the Nigerian Petroleum Development Company (NPDC) Limited in the arbitration between Atlantic Energy Drilling Concepts Nig Ltd and Atlantic Energy…
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The Nigerian National Petroleum Corporation (NNPC) yesterday urged firms involved in the crude swap also known as Direct Sale Direct Purchase (DSDP) scheme of the corporation to patronise the shipping subsidiary (NIDAS). The DSDP is a…
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The Civil Society Legislative Advocacy Centre (CISLAC) in collaboration with CORDAID have decried the slow pace of the cleanup work in Ogoniland and call on the Federal Government to separate HYPREP, the agency overseeing the cleanup…
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Seplat Petroleum Development Company Plc (“Seplat” or the “Company”), a leading Nigerian indigenous oil and gas company, listed on both the Nigerian Stock Exchange and London Stock Exchange, today announces its full year 2018 financial…
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Shell Nigeria Exploration and Production Company has announced the release of invitation to tender to contractors for the development of the Bonga Southwest Aparo oil field. SNEPCo said in a statement that the project’s initial…
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