Nigeria Delta Protestors Shut Down Two Oil Wells
Protestors shut down Adibawa wells 4 and 10, which feed into a flow station of the same name. Hundreds of demonstrators, comprising youths, elderly people, and women gathered to sing Continue Reading
How Nigeria’s Oil Industry Went Local
The biggest real-estate foreclosure in Manhattan’s history began with a Nigerian jet-fuel binge. Kola Aluko, now in hiding from the authorities of multiple countries, allegedly spent so much money on Continue Reading
Can Nigeria And Libya Avoid A Production Cut?
Beyond discussing the broader terms of the production cut deal, OPEC will crunch the numbers of exempt producers Libya and Nigeria this week to see if their oil production has Continue Reading
Nigeria Makes First Step Away From Oil
Nigeria’s state oil company is venturing into renewable fuels with a contract that will see a bioethanol plant built in the state of Kebbi, in northeastern Nigeria. The plant will Continue Reading
Nigeria: Reps Kick Against Nigerian Govt’s Plan to Spend $1.8 Billion On Refineries
The House of Representatives has criticised a bid by the Nigerian National Petroleum Corporation, NNPC to spend $1.8 billion on the maintenance of the refineries across the country. In a Continue Reading
Nigeria: Again, Militants Threaten Proposed Pandef Meeting in Warri
The Reformed Niger Delta Avengers (RNDA), has again kicked against the proposed Tuesday meeting of the Pan Niger Delta Elder Forum (PANDEF) in Warri, Delta State, describing the meeting as Continue Reading
Nigeria: Militant Group Threatens Attack On SPDC Facilities
Supreme Egbesu Tigers of Africa, a militant group in the Niger Delta region, yesterday, threatened to attack oil and gas facilities belonging to Shell Petroleum Development Company, SPDC, in Ekeremor Continue Reading
Nigeria: Crude Oil Suffers Setback As More Traders Opt for U.S. Blend
Nigeria’s crude oil is under serious pressure at the international market, as Asian refiners have increasingly been moving away from their usual favourite, frequently opting for United State (U.S) crude Continue Reading
Another Group Joins Niger Delta Avengers’ Ceasefire Boycott
Another militant group in the Niger Delta has vowed to break its truce against the Abuja government and restart attacks on oil and gas infrastructure in the area, according to Continue Reading
Nigeria’s Bonny Light crude at 3-month high on steadier exports
Nigeria’s Bonny Light crude has seen its price rise to its highest levels since February, as the grade began to trade in a more regular fashion in the spot market Continue Reading
Nigeria: Another Militant Group Shelves Ceasefire in Niger Delta
More Fatalities in Western Ethiopia Amid Communal Violence Watch Mugabe’s Son Expose Lavish Lifestyle in a Video Zimbabwe’s Sacked Vice-President Heads for South Africa Any poker site can offer you Continue Reading
Nigeria: Govt, Delta Appeal to Avengers for Patience
The federal and the Delta State governments Monday appealed to the Niger Delta Avengers (NDA) to put paid to its threat at the weekend to resume hostilities in the oil-rich Continue Reading
Nigeria supports OPEC cut extension under ‘the right terms’
Nigeria supports an extension of a deal between OPEC, Russia and other non-members to cut oil supply until the end of 2018 “as long as the right terms are on Continue Reading
There will be blood, Nigerian militant group warns
To the international oil companies working in the Niger Delta region of Nigeria, a militant cease-fire is officially over, the Niger Delta Avengers said Friday. “Our next line of operation Continue Reading
Decent labor figures, Nigerian oil threats, boost oil prices
Steady improvements in the U.S. labor market, coupled with militant threats against a major OPEC producer, helped support a soft rally in oil prices Friday. The U.S. Labor Department reported Continue Reading
Nigeria’s ‘Delta Avengers’ militants end oil hub ceasefire
A Nigerian militant group whose attacks on energy facilities in the Niger Delta last year helped push Africa’s biggest economy into recession said on Friday it had ended its ceasefire. Continue Reading
Nigeria: Judge Throws Out Diezani’s Application to Facilitate Her Return From UK
A Lagos Federal High Court has dismissed an application filed by Diezani Alison-Madueke, former Minister of Petroleum Resources, that she be joined as a defendant in an alleged N450m fraud Continue Reading
Nigeria: Oil Spill Victims Sue Shell in UK Over Alleged $3.6 Bn Compensation
Oil spill victims under the aegis of Oil Spill Victims Vanguard (OSPIVV) have initiated a lawsuit in the United Kingdom against Shell Nigeria Exploration and Production Company (SNEPCO), a subsidiary Continue Reading
Nigeria: 26 Firms Bid to Overhaul Nigeria’s Refineries – Govt
The Nigerian government has disclosed that 26 firms have shown interest in the plan to overhaul the nation’s oil refineries. The Minister of State for Petroleum Resources, Ibe Kachikwu, made Continue Reading
Nigeria: Oil Spills Lead to Increased Newborn Mortality in the Niger Delta
Researchers from the University of Sankt Gallen have found that neonatal mortality rises if a child’s mother lives close to an oil spill before conception. Niger Delta resident Annkio Briggs Continue Reading
Shell Restarts Bonny Light Exports
Shell Nigeria has lifted the latest force majeure off its Bonny Light exports, which was introduced a month ago after a leak was discovered in one of the two pipelines Continue Reading
Nigeria: Senate Partners Russian Oil Giants to Develop Nigeria’s Oil and Gas
The Senate said on Thursday that it had began talks with Russian oil companies for partnership to develop Nigeria’s oil and gas sector. Disclosing this in an interview with newsmen Continue Reading
Nigeria: Shell Lifts Force Majeure On Bonny Light Exports
Barely two days after Aiteo Eastern Exploration and Production Company announced the completion of repairs of the Nembe Creek Trunkline (NCTL), Shell Petroleum Development Company (SPDC) thursday lifted force majeure Continue Reading
Nigeria: $3.8 Billion Egina FPSO Vessel to Arrive Nigeria Q1 2018
The technical partner of the Lagos Deep Offshore Logistics Base (LADOL), in the building of $3.8 billion Egina oil production vessel at LADOL’s Free Zone, Samsung Heavy Industry (SHI), has Continue Reading
Crude or condensate? The dilemma over Nigeria’s oil-cut exemption
When OPEC agreed to exempt Nigeria from its oil production-restraint deal last year, it knew the country faced a huge challenge in recouping output lost due to militant unrest. A Continue Reading
Nigeria: Government Rules Out Possibility of Building New Refineries
The Federal Government has ruled out the possibility of building new refineries to compliment the four existing ones in Nigeria.The Minister of State for Petroleum Resources, Ibe Kachikwu, who made Continue Reading
Nigerian producers eye India’s new-found appetite for US crude
The competition that Nigerian crude oil cargoes has faced from US crude oil grades in Northwest Europe over the past two years has begun to expand into other regions, according Continue Reading
Niger Delta State Looks To Break Free From Oil
Bayelsa, a state in the Niger Delta region of Nigeria, will search for non-oil natural resources to diversify away from its main commodity—oil. This is what the state’s new commissioner Continue Reading
Nigeria’s “Zero Oil Plan”
I recently reported on the development of economic diversification plans among countries in the Gulf Cooperation Council (GCC) as oil demand prepares to reach a climax in 30 years. Nigeria, Continue Reading
Nigeria: How Much Did Former Oil Minister ‘Steal’?
Cape Town — Diezani Alison-Madueke, served under former president Goodluck Jonathan from 2010 to 2015 and was Nigeria’s first female minister of petroleum resources. She has been accused of corruption Continue Reading
Nigeria’s NNPC expects force majeure on Bonny Light to be lifted ‘very soon’
State-owned Nigerian National Petroleum Corporation expects the force majeure on Nigeria’s Bonny Light crude to be lifted “very soon,” Mele Kyari, group general manager of NNPC’s crude oil marketing division Continue Reading
Oil Majors Brace For More Niger Delta Attacks
The slow pace of talks between the Nigerian government and representatives from the Niger Delta—exacerbated by the impending 2019 elections—have frustrated the militants who prompted the negotiations, causing oil majors Continue Reading
Nigeria: Pressure On Nigeria As the World Turns Away From Oil
It may assault sensibilities of some people to insinuate that Nigerians will have to drink their oceans of oil, as it may be unscientific to suggest that the resource will Continue Reading
Nigerian Oil Output Below 1.8 Million BPD Quota
Nigerian oil production remains below 1.8 million barrels per day, in compliance with a quota set on the African nation by OPEC earlier this year in response to its explosive Continue Reading
Nigeria ready to play OPEC ball, Russia says
Nigeria may be ready to give up its status as an OPEC member exempt from the effort to balance the market with production cuts, Russia’s oil minister said. Members of Continue Reading
Nigerian fuel truck drivers start strike; shortages feared
Nigerian fuel truck drivers have begun a strike, their union said Wednesday, triggering fears of a fresh shortage of oil products. In addition to seeking a pay rise and a Continue Reading
Nigerian Workers Stop Oil Product Loading As Union Goes On Strike
Oil workers in Nigeria stopped on Monday the loading of oil products, natural gas, and aviation fuel as the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) joined an Continue Reading
Nigeria: Oil Production Dips to 1.3mbd Over Vandalism, Says NNPC
An average of 700,000bpd of crude oil was deferred in 2016 due to pipeline sabotage, this brought Nigeria’s production down to as low as 1.3 million barrels per day from Continue Reading
Nigeria To Shutter Three Oil Refineries To Rehabilitate Output
Wednesday . The Kaduna , Warri and Port Harcourt refineries will shutter to allow the national oil company to return refining capacity to their nameplate levels, NNPC managing director Dr. Continue Reading
Nigeria Defies Calls To Curb Crude Oil Output
Although it faces mounting pressure to join OPEC’s production cuts, exempt producer Nigeria will resist any attempt to cut its oil output because it needs time at least until March Continue Reading
Niger Delta Militants Rescind Threat Against Oil Majors
A coalition of militants in the Niger Delta who had previously vowed to attack Nigerian oil and gas pipelines if their demands were not met by October 1 st , Continue Reading
Nigeria: Total’s Egina to Raise Nigeria’s Oil Output By 200,000bpd in 2018
Federal Government’s plans to increase crude oil production to four million barrels daily (bpd) will receive a boost, as the multi-billion dollar Egina Floating Production Storage and Offloading (FPSO) vessel, Continue Reading
Nigeria Pays $120 Million Demurrage Annually On Imported Fuel
The federal government is currently counting significant losses arising from demurrage paid by vessels which bring in imported petroleum products into the country. Available statistics shows that the country pays Continue Reading
Shell starts new work in Nigeria’s Niger Delta
The Nigerian subsidiary of Royal Dutch Shell said Wednesday that hundreds of thousands of new barrels of product are expected from a project in the Niger Delta. Shell said it Continue Reading
Nigeria: Oil Production At $32 Per Barrel Too High – Kachikwu
The Minister of State for Petroleum Resources, Ibe Kachikwu, has decried the high cost of oil production at 32 dollars per barrel, saying it makes cost of Foreign Direct Investment Continue Reading
Nigeria: NNPC Cuts Production Cost to $23/Barrel
The Nigerian National Petroleum Corporation (NNPC) said yesterday that the country has saved a minimum of $3billion per annum by cutting the cost of crude oil production from $78 dollars Continue Reading
Protesters drag Shell Niger Delta oil facility shutdown into fifth day
Protesters on Tuesday dragged the shutdown of a Shell crude oil facility in the Niger Delta into its fifth day, after storming the flow station demanding jobs and infrastructure development Continue Reading
Nigeria: We’ll Continue Operation Till You Empower Us, Ex-Illegal Oil Refiners Tell FG
Former illegal oil refiners in Rivers State have vowed to continue in their illegal dealings in petroleum products until the Federal Government provides them with empowerment. The artisanal refiners, who Continue Reading
Nigerian Protesters Storm Shell Crude Oil Flow Station
Hundreds of Nigerians stormed on Friday a Shell-owned crude flow station that feeds the Bonny export terminal, protesting against lack of jobs and demanding infrastructure development, according to a Reuters Continue Reading
Niger Delta Legalizes Illicit Oil Refineries
The Nigerian government will make illicit refineries operating in the Niger Delta legal, and will even supply them with crude oil, the presidency announced yesterday. The legalization process will take Continue Reading