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