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Tag: Marginal Field

“DPR yet to issue guidelines on marginal field bid rounds”- Auwalu

…Raises concerns about low domestic gas utilisation as penetration remains below 20% The Federal Government, through the Department of...

Nigeria to auction marginal fields as price crash delays major bid round

Managing Director of the Nigerian National Petroleum Corporation (NNPC) Mele Kyari has said that the federal government will be offering marginal oilfields...

Before you bid for that Marginal Oil Field…

As receipts from oil sales slip into the red zone, reports have it that Nigeria’s minister of state for petroleum resources has...
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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...