Global investors eye oil and gas sector opportunities in 2025
Oil and gas investments may attract more investments in 2025, according to experts. Foreign Direct Investments (FDIs) into Nigeria rose by 248 percent in the […]
Oil and Gas
Buhari urges timely completion of LNG Train 7
By Abdullahi M. GullomaAbujaPresident Muhammadu Buhari Tuesday charged that the Nigeria Liquefied Natural Gas (NLNG) Train 7 be delivered on time so that the Train […]
Oil output: Nigeria joins as OPEC+ takes stand, Russia concurs
On Easter Sunday, Nigeria joined its other Organisation of Petroleum Exporting Countries (OPEC)+ counterparts to bring into effect the agreement to cut 9.7 Million Barrels […]
DPR to issue licence to NDPR for additional 5,000bpd modular refinery
The Department of Petroleum Resources, has said it is set to grant a Licence to Operate, LTO, to Niger Delta Petroleum Resources, NDPR, for the […]
Nigeria should be earning more from gas but…
Nigeria, by now, should be earning more from gas than petroleum, President Muhammadu Buhari has said, when he hosted the Special Envoy of President of […]
Senate begins amendment of production sharing contract Act
The Senate on Tuesday commenced the amendment of the Production Sharing Contract Act, following consideration of a bill to that effect. Ezrel Tabiowo, special assistant (press) […]
Nigeria to Begin Rehabilitation of Refineries January 2020 – NNPC
Group Managing Director, Nigerian National Petroleum Corporation, Mele Kyari, has announced that full rehabilitation of Nigeria’s four refineries in Port Harcourt, Warri and Kaduna will […]
OPEC Cuts 2020 Oil Demand Forecast, Urges Effort To Avert New Glut
OPEC on Wednesday cut its forecast for growth in world oil demand in 2020 due to an economic slowdown, an outlook the producer group said […]
FG To Take Fids On $2.8bn AKK Pipeline, Refineries, Others
The Federal Government yesterday, said Final Investment Decisions (FIDs) will be taken on at least four key projects within the nation’s oil and gas industry […]
Nigeria Loses 10,000 Barrels Of Crude Oil Daily – Shell
The Shell Petroleum Development Company of Nigeria Limited (SPDC) has decried the spate of attack on pipelines and other oil assets in the Niger Delta […]
Solo Oil Exits Nigeria Marginal Fields Venture
Solo Oil PLC (LON:SOLO) told investors that it has exited its Nigerian marginal fields venture. The company has agreed to sell its 20% interest in […]
Nigeria Approves Extension Of OPL 310 Block Exploration Licence For Three Years
LEKOIL, the Africa-focused oil and gas exploration, development and production company, announces that pursuant to a letter dated 4 September 2019, the Federal Government of […]
Nigeria Oil Export To China Hit 3m Barrels In 30 Days
The latest China bound VLCC crude laden vessel is marking its biggest month of buying from Nigeria in years as it ramps up its crude […]
Forte Oil Contemplates Delisting From NSE
Following the proposed takeover offer by Ignite Investments and Commodities Limited to other existing shareholders, strong indications emerged yesterday that Forte Oil was contemplating delisting […]
Nigeria Needs Good Policy To Drive Investment — ExxonMobil
“Globally competitive fiscal policy, a robust legal framework and a healthy contract integrity culture have been identified as panacea and key drivers to profitability and […]