Highlights Both countries still want exemptions from quotas Output recoveries may weaken their cases Delegates say it’s time they help rebalance the market Vienna — Libya and Nigeria could be Continue Reading
Petrol queues at gas stations often return during industrial disputes (Guardian ) Nigerians should brace up for another period of petrol scarcity, unless a resolution arrives soon enough. And no, Continue Reading
Plans by Nigerian government to fix Nigeria’s moribund refineries and make them work in utmost capacity will not materialise until 2020, Ibe Kachikwu, Nigeria’s oil minister has said. Mr Kachikwu Continue Reading
Nigeria will lose an estimated $6 billion in revenue to international oil companies, Shell and Eni, over the deal on the controversial oil block, widely known as Oil Prospecting License Continue Reading
Nigeria’s rig count — a standard yardstick used in measuring a nation’s activeness in exploration and production of crude oil and gas — for the month of October, 2018 increased Continue Reading
Nigerian opposition candidate Atiku Abubakar will seek to boost investment in the country’s oil sector if he becomes president next year, according to a draft copy of his manifesto. He Continue Reading
A presidential candidate from the People’s Democratic Party has said the Niger Delta communities could keep all of the revenues the oil-rich province produces. In an interview with the Africa Continue Reading
The Senate yesterday said it again uncovered illegal multiple withdrawals of $1.151 billion from the dividends accounts of the Nigeria Liquefied Natural Gas (NLNG) by the Nigeria National Petroleum Corporation Continue Reading
On Saturday, nearly two decades after securing the initial rights, Total’s CEO Patrick Pouyanné was in Luanda to snip the ribbon on a $16 billion oil project. It’s not clear Continue Reading
Shell Petroleum Development Company (SPDC) on Monday decried the high rate of vandalism on its pipeline network at its oilfields in Bayelsa resulting to oil leaks and pollution of the Continue Reading
