Category: Nigeria

Nigeria’s excess crude account is set to swell as the price of Bonny Light leaps towards $75 per barrel in the international market. The price of Bonny Light stood at Continue Reading

Although Nigeria is Africa’s largest oil producer, it is also one of the continent’s largest importer of refined petroleum products. However, despite being a net importer of refined petroleum products, Continue Reading

Gbenga Onadeko is the Senior Vice President, Africa, for Welltec. In this interview, he speaks on how technology can drive down Nigeria’s cost of oil production from $20 to $6 Continue Reading

Nigeria’s crude oil production stood at 2.022 million, bpd in March, 277,000 bpd below the 2.3 million bpd benchmark for budget 2018, indicating, the country is still struggling to step Continue Reading

Despite the fact that Nigeria as a whole managed to increase and stabilize its crude oil production last year, crude oil theft on Shell’s pipeline network resulted in a 50-percent Continue Reading

No fewer than 45 vessels are expected to berth at Lagos ports in two weeks, with 15 of such vessels laden with Premium Motor Spirit (PMS), otherwise known as petrol.Vessels Continue Reading

When oil and gas production started at the Erhoike flow station, Kokori/Orogun bloc, Delta State in 1963, just three years after the nation’s independence, the villagers, chiefly subsistence farmers, who Continue Reading

Abuja — A study commissioned by the Nigerian Natural Resource Charter (NNRC) and conducted by the Centre for Petroleum, Energy Economics and Law (CPEEL), University of Ibadan on the contributions Continue Reading

Nigeria has steadily overtaken Angola as the top oil and gas producer in Africa, with an increased out put of 91,500 barrels per day (bpd) in February 2018. Angola, which Continue Reading

The three tiers of government couldn’t share revenue for the month of February owing to discrepancies of about N37.76 billion in revenue presented by the Nigeria National Petroleum Corporation (NNPC). Continue Reading

The labour dispute between the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and the oil service firms has worsened despite efforts by Petroleum Technology Association of Nigeria Continue Reading

Representatives of the 36 states and the Federal Capital Territory, Abuja returned home on Tuesday disappointed as the Federation Accounts Allocation Committee (FAAC) meeting ended in confusion in Abuja amid Continue Reading

Crude oil output from independent and sole risks producers have increased by over 100 per cent from 2.388 million barrels recorded in May 2017 to 7.487 million barrels in June, Continue Reading

Thousands of oil workers in Nigeria may lose their jobs after a wave of picketing against several service companies from the industry from members of the Petroleum and Natural Gas Continue Reading

Royal Dutch Shell  has filed a criminal complaint with Dutch authorities against a former employee over the sale of a Nigerian onshore oilfield in 2011, a Shell spokesman said on Continue Reading

There are indications that thousands of jobs may be lost as the confrontation between Petroleum and Natural Gas Senior Staff Association (PENGASSAN) and petroleum industry service firms worsens. Leaders of Continue Reading

Leaders of Niger Delta, yesterday, gave members of Reformed Niger Delta Avengers, RNDA, and other militant groups in the region a four-day ultimatum to withdraw their 30-day ultimatum issued to Continue Reading

Warri — Department of State Service, DSS, has called on Nigerians not to panic over reported threat by some groups under the aegis of Niger Delta Avengers to wreak havoc Continue Reading

Amnesty International has accused international oil companies, Shell and Eni of negligence when addressing spills in Nigeria, describing their actions as “serious negligence.” Amnesty said the companies were “taking weeks Continue Reading

Prototype of the modular refinery in Gbarain, Yenagoa. With the launch of Azikel Petroleum Refinery, Nigeria’s first modular refinery, Emmanuel Addeh , examines the prospects and challenges of modular refineries Continue Reading

The Shell Petroleum Development Company of Nigeria Limited (SPDC) and Nigerian Agip Oil Company Limited (NAOC) have faulted Amnesty International’s (AI’s) oil spill report against them. While SPDC described the Continue Reading

Nigeria’s long-awaited Petroleum Industry Governance Bill (PIGB) will be signed into law by President Muhammadu Buhari towards the end of March, legislators hope, according to Reuters . The OPEC nation Continue Reading

In a groundbreaking research project, Amnesty International has accused Shell and Eni of gross negligence and irresponsible approach to oil spills in the Niger Delta, thereby exacerbating environmental crisis in Continue Reading

Amnesty International on Friday accused international oil majors Shell and Eni of negligence when addressing spills in Nigeria.  Describing their actions as “serious negligence”, Amnesty said the companies were “taking Continue Reading

Abuja — The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, wednesday in Abuja, said the idea of modular refineries in the Niger Delta was not designed to address Continue Reading

The Nigerian National Petroleum Corporation hinted yesterday that overhaul projects of the nation’s ailing refineries will commence in the second quarter of 2018. According to Reuters, the chief operating officer Continue Reading

West Africa’s biggest fuel consumer Nigeria will start reducing the sulfur levels allowed in fuel imports in July 2018, a year after a July 2017 deadline it had initially pledged Continue Reading

The recent judgment by the UK Appeal Court on the dispute between Shell and two Niger Delta communities underscores the need for people of the environmentally-polluted region to seek redress Continue Reading

The Nigeria Extractive Industries Transparency Initiative (NEITI), the agency tasked with cleaning up Nigeria’s murky oil industry, has said even though financial accountability has improved, the Nigerian National Petroleum Corporation Continue Reading

A recent revelation by the Nigerian National Petroleum Corporation that it spent N774 million daily to subsidise petrol consumed in the country was a confirmation of Nigeria’s return to the Continue Reading

Lagos — Nigeria’s oil supply to the international market is facing glut as ample supply of light and medium grades from the North Sea and the Mediterranean are limiting buying Continue Reading

The Nigerian National Petroleum Corporation (NNPC) Wednesday said it received a request from Indonesia to supply it more volumes of Nigeria’s crude oil blends to enable it to meet the Continue Reading

The International Monetary Fund on Wednesday warned that Nigeria remains vulnerable despite slowly exiting recession since its growth is tied to oil prices and improved revenues are restricted to the Continue Reading

The Nigerian National Petroleum Corporation can produce crude oil at around US$20 a barrel, but there are plans to bring this even lower, to US$15 a barrel, the company’s group Continue Reading

There was confusion at an Italian court Monday as two lawyers purportedly representing the Nigerian government surfaced in the trial of Shell and Eni executives over alleged corruption in Nigeria. Continue Reading

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru has said that the corporation has as at today brought down the cost of production of Continue Reading

The raging labour dispute between the oil workers’ unions and Nigerian indigenous firms that have committed huge resources to develop local capacity and capability in line with the Nigerian Oil Continue Reading

A logo of Shell is pictured at a gas station in the western Canakkale province, Turkey April 25, 2016. REUTERS/Murad Sezer Earlier this week, the Milan tribunal informed lawyers that Continue Reading

Nigeria’s inefficient refineries are unable to meet domestic fuel demand and have made Nigeria the only OPEC member to import gasoline, according to the managing director of the Nigerian National Continue Reading

Residents of Peace Estate in Baruwa area of Ipaja, were thrown into panic yesterday, following the explosion of a Nigerian National Petroleum Corporation, NNPC’s pipeline, which resulted in fire. But Continue Reading

The House of Representatives yesterday ordered the Nigeria National Petroleum Corporation ( NNPC) to stay action on the plan to expend $1.8 billion on the turn around maintenance (TAM) of Continue Reading

While Nigerians across many states continue to grapple with the unavailability of petrol at the official price, the situation may get worse due to threat by depot owners. On Tuesday, Continue Reading

Tension is brewing in Ogoni ethnic nationality of Rivers State following the insistence by Movement for the Survival of Ogoni People, MOSOP, that the people of Ogoni have not endorsed Continue Reading

As OPEC allies push to restrict oil output in an international attempt to bolster crude prices, Nigerian producers are heading in the opposite direction, aspiring to increase output by 250,000 Continue Reading

 Senate ad hoc committee investigating the $16 billion Egina Deep Sea Project has disclosed that the participating foreign firms in the contract would refund billions of dollars to the Federal Continue Reading

Bloomberg . The “dire” shortage, which has reached “force majeure” proportions, requires 625,000 barrels per day of gasoline imports daily to be quelled, Ndu Ughamadu, a spokesman for the Nigeria Continue Reading

There is no respite in sight for Nigerians as the fuel crisis, which began in November 2017, continued on Thursday. Most filling stations were out of fuel despite claims by Continue Reading

The Federal Government, Thursday, ordered the Nigerian National Petroleum Corporation, NNPC, to bring an end to the lingering fuel crisis before the end of the weekend. Addressing newsmen on the Continue Reading