Tag: Nigeria Oil and Gas
Shell Lifts Force Majeure On Bonny Light Exports
The Royal Dutch Shell, Nigeria division, has lifted a force majeure on exports of Bonny Light crude oil, the latest sign that oil production...
Hong Kong Firm To Build 200,000 Barrels Refinery In Nigeria
A Hong Kong based firm, Blooming Faith Petroleum Ltd, is partnering the Federal Government to build and operate a 200,000 barrels per day (...
Flared Gas In Nigeria Drops To 750mscf/D
With the increasing utilisation of associated gas, flared gas has dropped from over one billion standard cubic feet per day (bscf/d) to 750 million...
Baru is New NNPC Boss
...Kachikwu Heads Corporation’s 9-Man Board
Dr Maikanti Kacalla Baru
Dr Maikanti Kacalla Baru has emerged as the new Group Managing Director (GMD) of the Nigerian National...
NCDMB, NNPC, NIMASA agree to grow Nigerian Content in crude oil...
Contracts for lifting Nigerian crude oil will begin to yield tangible benefits for the Nigerian economy going by the renewed commitment by the Nigerian...
Seplat Pays Close to $700MM to the Nigerian Government
Seplat has reported it paid a total of six hundred and eighty six million, five hundred and forty thousand and eight hundred and ten...
Seplat Claws Back $150M “Cash Call” From NPDC
Seplat has, in the space of nine months, received about 150Million, amounting to a third of the money owed it by NPDC, its government-owned...
Niger Delta Militancy: Apply ‘carrots and sticks’ approach, says OPEC scribe
The incoming Secretary General of the Organisation of Petroleum Exporting Countries (OPEC), Mohammed Barkindo, has advised the Federal Government to adopt the strategy of...
Direct sales now guarantees premium value on product transactions – NNPC
Nigeria now earns maximum value from the petroleum products it put through a new framework – the Direct Sales-Direct Purchase (DSDP) used by it...
New militant group threatens to blow up Utorogu gas plant
A secessionist group, Utorogun Liberation Movement, ULM, surfaced, Thursday, in Delta State, vowing to destroy the Utorogu Gas Plant, Ughelli, which supplies gas to...
FG saving N1.4 trillion per annum from subsidy-Kachikwu
…wants NCDMB to build collaborations
The recent removal of subsidy from the pump price of premium motor spirit is saving the Federal Government over N1.4...
NLNG to take delivery of last of six vessels worth $1.41bn
The Managing Director, Nigeria Liquefied Natural Gas Limited (NLNG), Babs Omotowa has said that the company will this month receive the last of the six new...
Finally, Niger Delta Avengers agree to talks, insist on foreign mediators
The militant group, Niger Delta Avengers, which has carried out attacks on oil facilities in the Niger Delta region, said it would consider negotiation...
OPEC expects balanced oil market in second half of 2016
OPEC has forecast that the world oil market will be more balanced in the second half of the year as outages in Nigeria and...
Nigeria lost billions of dollars to sharp practices in oil, gas...
The Executive Secretary, Nigeria Extractive Industries Transparency Initiative (NEITI), Waziri Adio, said Nigeria lost billions of dollars in 2013 to sharp financial practices in...
Nigerian oil firm battles IOC over alleged breach of local content...
An indigenous Nigerian energy firm, Ofserv Nigeria Limited, has sued Weatherford International and its Nigerian affiliate, Weatherford Nigeria Limited, for alleged breach of trust...
Foreign Refineries To Stop Buying Nigeria’s Crude Oil As Militants Rebuff...
Niger Delta Avengers, NDA, yesterday, scuttled the hope of early resolution of the current spate of bombings in the Niger Delta, as it did...
Nigeria ranks top five among gas flaring countries in 2015
Nigeria has ranked fifth amongst countries in the world to have flared (burnt off) the highest volume of gas per day, an improvement against...
Oando secures N94.6 billion facility as part of its strategic restructuring...
Oando, Nigeria’s leading indigenous energy group listed on both the Nigerian and Johannesburg Stock Exchange, has announced the conclusion of a N94.6 billion facility...
Belemaoil to launch 650MW power barge, as Chevron hands over OML...
WorldStage Newsonline-- Chevron Nigeria Limited has completed the handover of oil mining lease (OML) 55 to Belemaoil Producing Limited.
According to a statement which Belamaoil,...
