Nigeria spent an estimated $35b as subsidy on petroleum products out of the $300b earned from crude oil over the course of 5 years since 2010. This amounts to approximately $7b annual expenditure on subsidies.
Siemens Limited Nigeria has inaugurated a new $3.35m facility in Port Harcourt to increase local capacity in the Nigerian oil and gas industry. The facility was equipped to repair and overhaul equipment that would ha ...
MT Gaz Providence vessel carrying Liquefied Petroleum Gas (LPG) by the Nigeria LNG Limited was stranded at Apapa Jetty in Lagos due to lack of berthing space.
Royal Dutch Shell lifted its force majeure on Nigeria's Bonny Light crude exports. The Nembe Creek Trunk Line was repaired and reopened, allowing Shell to resume exports.
US’s Chemex Modular LLC reached an agreement with Niger Delta Petroleum Resources Ltd (NDPR) to expand NDPR's existing refining capacity from 1,000b/d of crude to 11,000b/d.
Nigeria’s crude oil production declined by 130,000b/d in August to an average of 1.44mb/d, as oil companies struggle to repair pipelines damaged by severe militant attacks
Nigeria's national oil company said the government has no immediate plans to increase gasoline prices, days after fuel marketers and Nigerian National Petroleum Corporation's (NNPC) management called for the removal ...