Transform Nigeria to Energy Hub of Africa – Heritage Energy
Mr Ado Oseragbaje, Chief Executive Officer, (CEO), Heritage Energy Operational Services Limited (HEOSL), has called on Federal Government to use its comparative advantage and work to position Nigeria as the energy hub of Africa.
Oil Falls as Market Keeps Tab on US-Iran Nuclear Deal
Crude oil prices slide lower early Tuesday, after recovering slightly at the start of the week, as recession fears force a substantial correction and nuclear deal talks conclude in Vienna, OANDA analyst Craig Erlam said in a Tuesday note.
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.
Seplat Energy’s Amukpe-Escravos Pipeline Begins Operation
Seplat Energy Plc today announces that it has begun commercial injection of crude oil through the new Amukpe-Escravos Pipeline.
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)
Oil Leak at TotalEnergies Egina Field Minor, Contained – Official
TotalEnergies has confirmed that the oil leak at its Egina Floating Production Storage and Offloading (FPSO) vessel has been contained.
Oil Climbs as Geopolitical Risks Worsen
Oil prices climbed again on Friday as geopolitical risks continued to grow. ICE Brent price rose by 2.09% to $79.03 per barrel from the closing price of $77.41. Also, West Texas Intermediate (WTI) increased by 2.11% to $73.54 per barrel from $72.02 per barrel.
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.
Oil Rises as Prospect of Iran Deal Dims
Oil prices rise on supply concerns triggered by declining prospects of an Iran deal while an estimated increase in the United States (US) inventories capped further price upticks, raising demand woes.
Crude Oil Production, Price Benchmark for 2024 Budget Realistic – NNPCL
The Nigerian National Petroleum Company Ltd. (NNPCL) has assured that projections on crude oil production and price benchmark for the 2024 Budget were realistic and realisable.
