Nigeria | Egypt Oil & Gas - Part 17

Nigeria Targets 80% of Refining Capacity

The Nigerian National Petroleum Corporation (NNPC) has announced it is planning to reduce the country’s importation of petroleum products by increasing the capacity usage of the nation’s refineries to 60% by the...

Nigeria’s Oil Output Dropped to 1.45mb/d

Nigeria recorded the biggest oil production decline among Organization of Petroleum Exporting Countries (OPEC) members in December, as output dropped by 200,000 barrels to 1.45mb/d, All Africa reported. This drop in c...

Shell Shutdown TNP Oil Pipeline

Royal Dutch Shell shut the Trans Niger oil pipeline (TNP) after a fire, threatening to worsen a drop in Nigerian output due to unplanned disruptions, informed Business Report. The TNP has been repeatedly attacked by v...

Nigeria to Set Oil, Gas Free-zone in Akwa Ibom

Nigeria’s federal government is to partner the Akwa Ibom State Government towards establishing an oil and gas free zone in the State,  the official website of Obong Umana Okon Umana informed. Oil and Gas Free Zo...

BW Offshore Extended FPSO Deal offshore Nigeria

BW Offshore has signed a short-term interim extension agreement for the floating production, storage and offloading (FPSO) unit Abo with Eni subsidiary, Nigerian Agip Exploration, Offshore Engineer informed. The FPSO ...

Oil to Fund 40% of Nigeria Fiscal Plan

Based on a proposed plan by the Nigerian government to the National Assembly, the country has turned its attention to crude oil to fund the 2017 fiscal plan where oil mineral resources are projected to provide 40% of ...

Oil Output at OML18 Reached 61,000b/d

San Leon Energy Plc said re-perforation operations at wells in Oil Mining Lease (OML) 18 onshore Nigeria has increased production to about 61,000b/d of oil, Vanguard reported. According to the company, “the well has n...

Investors to Meet over Nigeria’s Brass LNG

The Nigerian National Petroleum Corporation (NNPC), Total, and Eni will meet early January to discuss  the $15b Brass Liquefied Natural Gas (LNG) project located on Brass Island, Bayelsa State, Ecofin Agency informed....

Penspen, Crestech Signed Agreement in Nigeria

Penspen, a leading provider of engineering and project management services to the energy industry, announced mid-December that it has signed a strategic alliance agreement with Crestech Engineering, a Nigerian enginee...

Angola Led Africa’s Oil Production

Angola will close 2016 as the lead oil producer in Africa, having surpassed Nigeria by reaching an average of 1.7mb/d, Prensa Latina reported. The figure exceeds the previous record of 1.5mb/d. Pumping has increased b...

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