Nigeria has ceded control of one of the richest oil blocs on the continent – the Oil Prospecting License 245 bloc (OPL 245) and the country is to prosecute oil giants Royal Dutch Shell and Italian Eni in a corru...
General Electric Co (GE) has proposed investing in Nigeria’s oil refineries, potentially convening a consortium of companies to improve capacity at the run-down facilities, Reuters reported. According to Oil Pri...
The Nigerian National Petroleum Corporation (NNPC) has issued an invitation for bids under the model of direct sale of crude oil and direct purchase of petroleum products (DSDP), Oil Price informed. The DSDP model, un...
Angola’s crude oil exports are expected to fall to 1.51mb/d in March, a loading program showed mid-January. The total monthly volume is actually higher than February at 46.9m barrels but the greater number of da...
The Nigeria Liquefied Natural Gas Limited’s (NLNG) liquefied petroleum gas (LPG) vessel has discharged 13,000 tons of gas to the Lagos jetty, Premium Times reported. This was after the inability of its vessel to berth...
As of 2017, Nigeria will begin to track the volume of its crude oil production from fields of production and loading bays, to sales destinations in a renewed effort to cut down on prevalent oil theft and loss of reven...
The shutdown of seven power plants across Nigeria has led to a total electricity load loss of over 1,800MW, Punch reported. The latest industry data on sector reforms and activities indicated that four of these plants...
The three refineries of the Nigerian National Petroleum Corporation (NNPC) in Kaduna, Port Harcourt and Warri have resumed production of Automotive Gas Oil (AGO) or diesel, and Dual Purpose Kerosene (DPK) or kerosene,...
Nigeria is said to have returned back to the position of Africa’s top oil producer after Angola took over in March 2016, Nigerian Bulletin reported. As reported by secondary sources in the December 2016 Monthly...
The scarcity of kerosene, used by millions of largely poor Nigerians for cooking, has hit major cities causing huge increase in price, Premium Times reported. In Lagos, the Nigeria Union of Petroleum and Natural Gas W...