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
Portugal Dominated Angola for Centuries. Now the Roles Are Reversed.
How the roles have reversed: The colonizer, some Portuguese contend, has been colonized. On the Portuguese coast of Cascais, where the nation’s royal court used to summer, a new 14-story 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