Exports of Nigeria’s Forcados crude oil are unlikely to resume until early 2017 as the grade has been under force majeure since February following a militant attack on its main export pipeline, the Trans Forcado...
The Nigeria National Petroleum Corporation’s (NNPC) General Manager, Mele Kyari, said the company reduced the official selling price (OSP) of Nigeria’s crude oil grades as parts of a strategy to make Nigerian crude at...
According to a report by the Energy International Administration, the statistical arm of the United States’ Energy Department, Nigeria’s crude oil production is expected to remain depressed through 2017 as a result of...
US oil giant ExxonMobil plans to export Nigerian Qua Iboe crude oil through a secondary pipeline while it repairs damage sustained by the main line in July, Reuters reported. The crude oil grade, Nigeria’s largest exp...
Royal Dutch Shell, the largest oil producing company in Nigeria, which has suffered series of attacks on its 48-inch Forcados export pipeline that links onshore storage tanks with an offshore port, has ruled out the r...
Repair work on the pipeline feeding Nigeria’s Forcados crude oil to the export terminal are expected to take until June, Reuters reported citing sources familiar with the matter. The grade has been under force m...
The Nigerian National Petroleum Corporation (NNPC) said it recorded around $121.63m loss in February, when gas supply decline of 70mmscf/d to power plants due to vandalism of the Forcados export line, The Nation repor...