Nigeria | Egypt Oil & Gas - Part 46

Nigeria’s President Says He Will Not Appoint an Oil Minister

The President of Nigeria, Muhammadu Buhari, will not appoint a new minister of Petroleum, stated Reuters. Buhari, whose political campaign was largely against corruption in the government and oil industry, said that h...

ExxonMobil Starts Nigerian Erha North Phase 2 Production Early

ExxonMobil Corporation said that its subsidiary, Esso Exploration and Production Nigeria Limited, has started oil production ahead of schedule and under budget at the Erha North Phase 2 project offshore Nigeria, Petro...

Buhari Thanks China for Intercepting Nigeria’s Stolen Crude

Nigeria’s President Muhammadu Buhari, at a meeting with President Xi Jinping of China on the sidelines of the 70th United Nations General Assembly in New York, said China has intercepted shiploads of crude oil s...

Nigeria NNPC Contracts to be Made Public

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Emmanuel Kachikwu, said contracts to be awarded by the corporation would henceforth be made public, according to AllAfrica.com. “...

Nigeria’s Oil Firm NNPC Secures Funding for 36 Wells

Nigeria’s oil firm NNPC had signed a deal with a consortium of local and foreign lenders to develop 36 oil wells that would also boost domestic power generation in Africa’s largest crude producer. “In a landmark move ...

Nigerian Refineries Undergoing Overhauls

Port Harcourt Refining Company (PHRC) managing director Bafred Enjugu told AFP that Nigeria was finally “domesticating” the refining of crude into products, in reference to the successful relaunching of hi...

Nigeria Resumes Crude Exports to US

After flows of Nigerian crude to the US during past June and July were partly driven by high prices for domestic light sweet crudes, in September a few Nigerian cargoes were heading to US refineries, according to a tr...

Nigeria’s Buhari in France to Strengthening Cooperation

Nigerian President Muhammadu Buhari was scheduled to travel to Paris on Monday for a three-day official visit to France following an invitation from President Francois Hollande, South Africa’s News24 reported with inf...

Nigeria Lifts Bans, Renews Swaps While Combating Oil Corruption

Bloomberg learned that Nigeria has canceled a two-month old ban on 113 foreign-flagged vessels, preventing them from loading crude or gas from the country. This was according to a letter from the state oil company obt...

Lekoil Announces First Oil from Otakikpo in Nigeria

Lekoil has confirmed that the Otakikpo field, a shoreline location in Nigeria, has achieved first oil. Two intervals (of four) in just one well yielded rates of 5,703 b/d, whereas two wells had been expected to flow 6...

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