A floating production, storage and offloading (FPSO) vessel exploded offshore Nigeria early on Wednesday with 10 crew members on board, the company operating the vessel said on Thursday. The supertanker-sized Continue Reading
The oil sector is likely to witness further contraction as escalating theft and underinvestment have become a clog in the wheel of progress of the industry. Experts lament the oil Continue Reading
Tom majored in International Business at Amsterdam’s Higher School of Economics, he is Oilprice.com’s Head of Operations While all recent oil exploration attention has been on Exxon’s ( massive string Continue Reading
Shell had resolved tax dispute with NNPC only last year Development a blow to Nigeria’s quest to raise oil output Shell has delayed expansion work at its Nigerian offshore Bonga Continue Reading
A floating production, storage, and offloading (FPSO) vessel has exploded, caught fire, and sunk at the Ukpokiti Terminal in Nigeria. A floating production, storage, and offloading (FPSO) vessel has exploded, Continue Reading
The Chairman of Heirs Holdings, Mr. Tony Elumelu, yesterday, disclosed that Nigeria lost $4 billion worth of crude oil to thieves in the first nine months of 2021. Among this, Continue Reading
Nigeria was once more unable to meet its oil production allocation by the Organisation of Petroleum Exporting Countries (OPEC) in January. The country was only able to pump 1.46 million Continue Reading
There appears to be no end in sight to the financial and resource hemorrhage in Nigeria’s oil and gas industry, with the country once more losing as much as 6.596 Continue Reading
Attempts by the Rivers State Governor Nyesom Wike to identify and shut all the illegal oil refineries in local communities of the state have unsettled many in the after areas, Continue Reading
The African Petroleum Producers Organisation (APPO) has said the Dangote oil refinery will cut the importation of petroleum productions in Africa by 36 per cent. APPO also said the success Continue Reading
