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Nigeria’s oil output could fall 35% without reforms – Expert

Cost increases and uncertainty in Nigeria’s crucial energy sector could lead to a 35% decline in oil output over 10 years as...

Why NPA revoked LADOL’s Land Lease Agreement

Fresh facts have emerged that the Nigerian Ports Authority (NPA) revoked the land lease agreement signed with the Lagos Deep Offshore Logistics...

VANDALISM: Pipeline feeding Brass export terminal shutdown

An oil pipeline explosion in Nigeria forced the local subsidiary of Italian oil major Eni to close a pipeline feeding the Brass...

EFCC to try nine foreigners for oil theft

The Nigerian Navy has handed over seven Sri-Lankans and two Ghanaians, who were among the 66 suspected crude oil thieves arrested in...

NNPC suspends power purchase agreement for AKK project

The Nigerian National Petroleum Corporation (NNPC) has announced the suspension of the Power Purchase Agreement (PPA) for the Ajaokuta-Kaduna-Kano gas pipeline project.

Huawei launches digital oilfield IOT solution in Nigeria

Huawei has launched its fully digital oilfield IOT solution at the Nigeria International Petroleum Summit 2020. The firm, in...

NNPC, USTDA sign Grant Agreement for Abuja IPP

In a further bid to concretize the ‘Year of Gas’ mantra of the Ministry of Petroleum Resources, the Nigerian National Petroleum Corporation (NNPC) has...

NIPS 2020: OVH Energy emerges Downstream Company of the Year

…As Shell, Total, Samsung also bag awards OVH Energy, an Oando licensee and the second largest downstream petroleum business...

NLNG achieves 83 percent of its Nigerianization target

The Nigerian Liquefied Natural Gas Company, NLNG has said that it has completed about 83 percent of its Nigerianization process with...

Manufacturers seek concession as government mulls new gas regulation in June

The former Senior Technical Adviser to the immediate Minister of State for Petroleum, Timothy Okon, has stated that a new regulation will...

“Nigeria to adopt gas as transitional fuel”- Oil Minister

…Launches National Gas Transportation Network Code …Sets six-month deadline for migration of GTAs Nigeria’s Minister of State for Petroleum...

NLNG calls for massive investment as Nigeria’s ranking drops to 5th globally

THE Nigerian LNG Limited has called for massive investment in LNG as Nigeria’s ranking dropped from fourth to fifth globally.
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Nigeria leads rebound as Chinese demand lifts West African crude values

The resurgence of Chinese buying interest has sustained a dramatic rise in values for Angolan, Chadian, Ghanaian and Congolese crude grades, while...

Nigeria’s Bonga oil export terminal shut for maintenance

Nigeria’s Bonga crude oil export terminal has begun routine maintenance, its operator Shell disclosed on Tuesday, adding it aimed to have the...

Covid-19: Downstream Petroleum Group to complete, equip Abuja Diagnostic Centre

Just when you thought Nigeria’s oil marketing companies were all about their profit margins and clamouring for total market deregulation, the industry’s...

Petrol price may rise as Brent stabilises around $35/barrel

Brent, the oil against which Nigeria’s crude is priced, has hovered around $35 per barrel for about one week, raising concerns of...