Nigeria’s Oil Production Falls Below 1Mbpd
Nigeria’s crude oil production fell below 1 million barrels per day (mbpd) in August, figures from its regulator show, as the nation grappled with widespread theft from its pipelines.
FG recovered N2.6trn revenue from oil coys – NEITI
The Federal Government has recovered a total of N2.6 Trillion revenue from oil firms following the Nigeria Extractive Industries Transparency Initiative (NEITI) National Assembly intervention.
Oil Prices Decline as IEA Sees Demand Slowdown
Oil Prices Decline as IEA Sees Demand Slowdown
Shell considers safety, schedules 200,000 bpd Bonga FPSO TAM for October
Shell Nigeria Exploration, and Production Company Limited (SNEPCo) on Sunday said its 200,000 barrels per day capacity Bonga Floating Production Storage and Offloading (FPSO) vessel has been scheduled for Turnaround Maintenance (TAM) in October.
20 ships discharge petroleum products, others at Lagos ports – NPA
20 ships discharge petroleum products, others at Lagos ports – NPA
The Nigerian Ports Authority (NPA) said that 20 ships at the Lagos Port Complex...
ExxonMobil Renews Oil Mining Leases for 20-Year
ExxonMobil Nigeria has expressed commitment to maintain a significant deepwater presence in Nigeria for the next 20 years to unlock a sizeable potential value in its renewed Oil Mining Leases (OMLs)
Crude oil production: Angola, Libya overtake Nigeria – OPEC report
Angola and Libya have overtaken Nigeria as Africa’s highest crude oil producer, says a report by the Organisation of the Petroleum Exporting Countries (OPEC).
Oil Tumbles below $100/Barrel on Expected Output Hike
Crude oil prices tumbled, falling below $100 per barrel, on expectations that the Organisation of Petroleum Exporting Countries (OPEC) and allies will raise output at their august meeting. The price decline is also noted to have been supported by the prospect that oil companies would ramp up output following a very good earnings season, according to OANDA analyst Edward Moya.
Buhari Reverses Consent on Seplat-ExxonMobil Acquisition Deal
Nigeria’s President Muhammadu Buhari has withheld his initial approval of Exxon Mobil’s sale of local offshore shallow water assets to Seplat, his spokesman said on Thursday, after the oil regulator refused to give its consent.
Eterna reiterates commitment to deepening gas utilisation in Nigeria
Eterna Plc says it is investing in the colocation of Compressed Natural Gas (CNG) and Liquefied Natural Gas (LPG) skids across some of its retail outlets in the country.
