Tag: Nigeria Oil and Gas Industry
FG remains committed towards implementing local content policy – Kachikwu
...Charges NCDMB, NAPIMS ‎on six months contracting cycle
Houston Texas:Â the Minister of State for Petroleum Resources and Group Managing Director of Nigerian National Petroleum Corporation, NNPC,...
Modular refineries will end continuous fuel scarcity – PENGASSAN tells FG
The Petroleum and Natural Senior Staff Association of Nigeria (PENGASSAN) has advised the Federal Government to encourage modular refineries to end petroleum products’ scarcity...
Europe, US increase demand for Nigerian crude
The premium of Nigeria’s Brass River crude to Dated Brent has jumped to its highest in almost a year as a result of increased...
NAPE Calls for Abstracts for Forthcoming Conference
The Nigerian Association Of Petroleum Explorationists (NAPE) has called for papers ahead of its forthcoming 34th Annual International Conference & Exhibition (AICE), with the theme: ‘Nigeria...
Nigeria: Vitol SA, Seplat among Nine Companies Bidding For Co-Location of...
Vitol SA and Seplat Petroleum Dev. Co. are among nine companies that submitted bids to construct new oil refineries in Nigeria as Africa’s top...
‘NNPC Opens Bids For Co-Location Of Refineries’ – Garba Deen Muhammad
The Nigerian National Petroleum Corporation {NNPC} says it is committed to boosting the nation’s refining capacity which in turn would put an end to...
Seven Energy Secures $100m Fresh Capital
Seven Energy International Limited, an integrated gas company in the country with oil and gas interests in the South East region, recently said it...
Stop Sabotaging Oil Facilities, Lawmaker Warns N’Delta People
Bayelsa State lawmaker and prominent member of the All Progressives Congress, Mr. Israel Sunny-Goli, has warned the people of the Niger Delta against sabotaging oil...
Oando Shareholders Approve OER Buy-Out Offer
Shareholders of Oando Energy Resources, OER, Inc- the Toronto Stock Exchange (TSX) - listed exploration and production subsidiary of Oando Plc, have approved the proposal...
‘Nigeria produces 2.2mbd of crude in February’
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Minister of State for Petroleum Resources and Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Dr. Ibe Kachikwu, says Nigeria’s oil production...
Buhari Urges OPEC Members To Unite And Help Stabilize Oil Prices
President Muhammadu Buhari in Doha, Qatar, has stressed the need for member states of OPEC and non members to unite and find a common...
Low Oil Price: Indigenous Oil Firms to Close Shop Next Year...
Indications have emerged that the decline in crude oil prices might force some indigenous oil and gas companies operating in Nigeria to close shop...
LADOL’S Partnership with Samsung Will Create 5,000 Jobs’ – Jadesimi
Positioned strategically at the entry-point to Lagos harbour, The Lagos Deep Offshore Logistics - LADOL provides a one-stop-shop for multinational industrial and oil and...
Navy uncovers illegal refinery at Macobar jetty in Port Harcourt
The Nigerian Navy says its personnel have uncovered an illegal oil bunkering site at a ship building yard in Macobar jetty in Port Harcourt...
Chevron reports $588m Q4 loss, $4.6bn 2015 earnings
US oil giant Chevron has reported a loss of $588 million for fourth quarter 2015, compared with earnings of $3.5 billion in the 2014...
Pipeline attack cuts Agip crude export by 16,000 barrels
The attack on pipelines allegedly carried out by Niger Delta militants has cut down the crude oil export of the Nigeria Agip Oil Company...
Oil swap: Reps caution Kachikwu
The House of Representatives has expressed reservation over the capacity of the present managers of the nation’s oil and gas industry to reposition the...
Oil producing states get N27.703bn as derivation
The oil-producing states of the country got N27.703 billion as Derivation Fund for December 2015, according to the Federation Accounts Allocation Committee, FAAC.
The Federation...
Direct-sale, direct-purchase to replace crude swap arrangement – Kachikwu
The Minister of State for Petroleum Resources and Group Managing Director of the Nigerian National Petroleum Corporation, Dr. Ibe Kachikwu, has said that the crude-for-products...
Epic Refinery Signs Consulting Agreement to Build Refinery
Epic Refinery Group has signed agreement with Chiron Refineries to build a modular refinery at Okporoma, Bayelsa State
EPIC Refinery Group, a Nigerian firm, has...
