Nigeria | Egypt Oil & Gas - Part 11

Nigeria Destroys 80 Illegal Oil Refineries

Parallel to the military troops’ operations, the government has also been holding talks with militants to end the attacks on the country’s oil pipelines.

Nigeria Mulls Investment in Solar Power Projects

Senators in the capital of Abuja are debating allocation of $30m to solar projects in 2017’s budget.

Nigeria’s Crude Oil Exports to US Triple

Nigeria tripled the volume of it’s crude oil exports to the United States from last year, seven years after the US began depending less on Nigeria’s crude.

Lekoil Targets 10,000 b/d in Nigerian Otakikpo Field

Lekoil, an oil and gas exploration and development company has announced commencement of continuous production from the Otakikpo Marginal Field in OML 11.

Angolan Cargoes Find Buyers, Nigeria Witnesses Delays in Crude Loading

Angolan crude cargoes were steadily finding buyers while delays in the loading of Nigerian crude Qua Iboe were weighing on differentials.

Nigeria’s IOCs Relocate to Niger Delta

Nigerian’s acting president, Yemi Osinbajo, has directed the relocation of all International oil companies head offices in the country to the Niger Delta.

Suicide Bomb Attack Destroys 3 Tankers in Nigeria

Three suicide bombers set ablaze three fuel tankers in the center of Nigeria's northeastern city of Maiduguri before dawn Friday, just days before a planned visit by the U.N. Security Council.

Nigeria Charges Shell, Eni with Corruption

Nigeria’s anti-graft agency filed new charges against Royal Dutch Shell plc and Eni , alleging the companies “corruptly” paid $801m in 2011 when acquiring an offshore oil field.

Nigeria Receives 128 Bids for Oil-for-Fuel Swaps

Nigeria's state oil company received 128 bids from companies that want to exchange processed fuels for as much as 800,000 b/d of unrefined crude in 2017.

Nigerian Oil Minister: OPEC Must Lower Production Costs

Nigerian Minister of Oil, Emmanuel Ibe Kachikwu said that Members of the Organization of the Petroleum Exporting Countries (OPEC) must lower production costs to compete better with shale producers.

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