Nigeria: Excess Crude Income Hits U.S.$65.4 Million Daily
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
Nigeria: It’s Official – Nigeria Has No Authentic Data On Petrol Consumption
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
Nigeria: How Nigeria Can Lower Oil Production Cost to $6/Barrel
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 Lags Budget Benchmark By 277,000 Bpd
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
Shell: Crude Oil Theft In Nigeria Rose 50% In 2017
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
Nigeria: Petroleum Products Top 45 Vessels Expected At Lagos Ports
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
Nigeria: Pain, Tears of Oil Exploitation – Gas Flare, Acid Rain Still Haunt Niger Delta
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
Nigeria: NNPC’s Refineries Contributed Only 0.55 Percent to Nigeria’s GDP in 2016, Says Report
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 Upstages Angola in Crude Oil Production
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
Nigeria: FAAC Meeting Deadlocked Over Discrepancies in NNPC Revenue
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