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.
NNPC Ltd, TotalEnergies Sign MoU on Adoption of Methane Detection Technology
The Nigerian National Petroleum Company Limited (NNPC Ltd) has signed a Memorandum of Understanding (MoU) with TotalEnergies for adoption and deployment of Airborne Ultralight Spectrometer for Environmental Application (AUSEA) in its upstream operations.
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).
FG Attracts $500m to Gas Value Chain Via Network Code
The Department of Petroleum Resources (DPR) has stated that the Nigerian Gas Transportation Network Code (NGTNC) introduced last year to guide open-access transportation of natural gas, has already attracted investment proposals of over $500 million.
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...
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.
OPEC+ Raised Output By 1,141Kb/d over 2-Month
The Organisation of Petroleum Exporting Countries (OPEC) and allies (OPEC+) has agreed to gradually boost oil output in May 2021 by 350 kiloliters barrel per day (kb/d), in June 2021 by 350 kb/d and in July 2021 by 441 kb/d. In addition, Saudi Arabia will reduce voluntary outputs cuts of one million per day that started in February 2021.
NLNG Delivered 3 Cargoes of LPG to Local Market in December, says Odeh
The Nigeria Liquefied Natural Gas (NLNG) says it has delivered three cargoes of Liquefied Petroleum Gas (LPG) to the local market in the month to moderate prices and ensure regular supplies during the period.
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 Mixed as OPEC+ Members Dispute Colour Supply Outlook
Oil prices swung as OPEC+ members altered their plans to digitally communicate output decisions after delaying their meeting for four days, flooding the markets with supply concerns.
