Nigeria’s IOCs Relocate to Niger Delta

• Monday, 6th March 2017
• by

Nigerian’s Acting President, Yemi Osinbajo, has directed the relocation of all International oil companies head offices in the country to the Niger Delta during his visit to Uyo, Akwa Ibom in a town hall meeting on Th...

Suicide Bomb Attack Destroys 3 Tankers in Nigeria

• Monday, 6th March 2017
• by

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, ABC News reported....

Nigeria Charges Shell, Eni with Corruption

• Sunday, 5th March 2017
• by

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, Bloomberg reported. According to ABC Ne...

Nigeria Receives 128 Bids for Oil-for-Fuel Swaps

• Sunday, 5th March 2017
• by

Nigeria’s state oil company received 128 bids, known as ‘direct sales, direct purchase’, from companies that want to exchange processed fuels for as much as 800,000 b/d of unrefined crude in 2017, Re...

Nigerian Oil Minister: OPEC Must Lower Production Costs

• Thursday, 2nd March 2017
• by

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, Reuters reported. ...

Nigeria: NPDC to Witness a 500,000b/d Production Boost by 2020

• Thursday, 2nd March 2017
• by

The Nigerian Petroleum Development Company (NPDC) will see its production grow to 500,000 b/d by 2020, according to a new commitment made by the Nigerian National Petroleum Corporation (NNPC), Oil Price reported. The ...

Nigeria: Shell Demands Security Measures to Reopen Pipeline

• Thursday, 2nd March 2017
• by

Nigeria wants Royal Dutch Shell to reopen a major export pipeline in the Niger Delta but the oil major wants better protection first to avoid having it blown up yet again, Reuters reported. The Trans Forcados Pipeline...

Sirius Petroleum Raised $2m for Drilling in Nigeria

• Thursday, 23rd February 2017
• by Editorial Team

Sirius Petroleum has raised $2m in new capital for equipment mobilization deposits for the upcoming drilling campaign at the Ororo field, offshore Nigeria, Offshore Energy Today reported. Sirius Petroleum’s CEO, Bobo ...

NNPC Recorded $2.45b Crude Oil Export in 2016

• Tuesday, 21st February 2017
• by Sarah Samir

The Nigerian National Petroleum Corporation (NNPC) recorded $2.45b crude oil export sales in 2016. NNPC’s monthly Financial and Operations Report indicated a 13.4% rise in oil and gas sales from November 2016 to...

Lekoil Started Oil Production from Nigeria

• Monday, 20th February 2017
• by Sarah Samir

Lekoil started production at Otakikpo after it completed and commissioned the six kilometer long offshore pipeline extending between the storage tanks and the tanker offloading manifolds, reported The Telegraph. Lekoi...