Browsing Category
Oil And Gas
Get the latest news in the Oil and Gas industry from Nigeria and across Africa.
Our coverage includes exploration, production, drilling, oil and gas companies, training and more.
Dangote Oil Refinery to Begin Production in Q3 of 2022
By Sunday Elom
Management of Dangote Industries Limited, has informed that the oil refinery will start processing crude oil in the Q3 (third quarters) of 2022.
The chairman of the Dangote Industries, Aliko Dangote, who made this…
Shell Wins Crystal Award At Port Harcourt Polo-Club 50th Anniversary
Chibisi Ohakah, Abuja
Shell Nigeria Exploration and Production Company (SNEPCO) has bagged the Crystal Award at the Port Harcourt Polo Club’s 50th Anniversary celebrations.
The Port Harcourt Polo Club president, Engineer (Dr.)…
Oil Production: Nigeria Lost $32.9m Per Day in December
The latest Organization of the Petroleum Exporting Countries (OPEC's) Monthly Oil Market Report (MOMR) released on Tuesday, shows that Nigeria's oil production failed to meet the OPEC+ required quota for December and the 2021 budget…
Crude Oil Demand Proves Resilient to Omicronm, Hits Fresh 7-year Peak
By Chibisi Ohakah, (with agency report)
Bloomberg reported yesterday that price of crude oil touched its highest level since October 2014, even as the International Energy Agency (IEA) said the market looks tighter than previously…
Nigeria’s Tale of Perennial Pipeline Vandalism
By Chibisi Ohakah, Abuja
A recurring feature in Nigeria’s oil and gas experience is the incidence of oil pipeline vandalism. It is a permanent title in the Nigeria National Petroleum Company Ltd (NNPC) Monthly Financial and Operations…
Nigeria Endorses NLNG Cooking Gas New Export Policy
By Sunday Elom
The federal government of Nigeria has endorsed decision by the country’s liquefied natural gas company to suspend the export of cooking gas (Liquefied Petroleum Gas (LPG).
The Nigerian Liquefied Natural Gas (NLNG)…
Vitol predicts drop of oil and gas demand amid rising prices
By Sunday Elom
The world's largest crude oil trader, Vitol, has predicted that there might be a drop in oil and gas demand as the price of the commodity continues to rise in the global market.
According to Vitol’s head of Asia,…
Nigeria Limits Tax Incentives on Oil, Gas Operations
This new policy which is aimed at renewing the drive to boost domestic resource mobilization, is part of the latest changes effected in the Finance Act, 2021, which was signed into law by President Muhammadu Buhari on December on 31…
Global Oil, Gas Investments to Grow By $26bn in 2022 – Study
By Chibisi Ohakah, Abuja
A study has said that despite challenges currently faced by the global oil and gas market, investments in the sector may grow by $26 billion in 2022, globally.
This corresponds to a 4% rise from last year…
OPEC Blames Nigeria, Others for Target Failure
............Nigeria’s compliance, 239%
By Chibisi Ohakah, Abuja
The Organisation of Petroleum Exporting Countries (OPEC) has blamed the inability of Nigeria and a number of other members to pump enough crude oil, for the overall…
OPEC Working Not To Overheat Oil Market, As Prices Edge Lower
The Organization of Petroleum Exporting Countries and its allies are trying to prevent crude prices to climb to $100 a barrel, and are reviving production quickly enough to prevent global markets from “overheating,” Oman’s oil minister…
NLNG Plans to Crash Price of LPG with Supply of 100% Production
By Sunday Elom
Nigeria has taken the bold step to boost local consumption of liquefied natural gas (LNG) also known as cooking gas, by ensuring that 100% of Nigeria Liquefied Natural Gas (NLNG) production is emptied into the Nigerian…
Nigeria’s Tale of Perennial Pipeline Vandalism
By Chibisi Ohakah, Abuja
A recurring feature in Nigeria’s oil and gas experience is the incidence of oil pipeline vandalism. It is a permanent title in the Nigeria National Petroleum Company Ltd (NNPC) Monthly Financial and Operations…
Oil And Gas: Bauchi Is Nigeria’s Future – Gov Mohammed
The discovery of oil, gas and other mineral resources in Bauchi State is really a blessing not just to the state but to Nigeria as a whole, Governor Bala Abdulkadir Mohammed has said.
Naija News reports that Mohammed while addressing…
The Energy Report: OPEC+’s Spare Production Capacity Is Razor Thin
More reports that OPEC plus is failing to meet its production quotas is raising larger concerns about OPEC’s real ability to produce more oil if needed.
Those concerns right now are being highlighted in a report by Platts analytics.…
Nigeria, Angola, Libya Wobble With Production As Oil Hits Below $80pb
By Chibisi Ohakah, Abuja
Analysts say Nigeria, Angola and Libya face difficulties ramping up production, even as oil prices came down below $80 a barrel on Wednesday after the Organisation of Petroleum Exporting Countries (OPEC)+…
Shell’s Onshore Divestment: Let the Buyer Beware!
Since last year, Royal Dutch Shell has been in the news with the plan to sell off its onshore oil fields in Nigeria to focus on deep offshore exploration and production, citing several operational risks it claimed had become incompatible…
Force Majeure Blamed as Nigeria, Libya Record Lowest OPEC Oil Outputs in December
……..S/Arabia, Angola recorded first and second highest respectively
By Chibisi Ohakah, Abuja
A survey has recorded Nigeria with the second-largest drop in the Organization of the Petroleum Exporting Countries (OPEC) oil output last…
5 Indigenous Oil Firms Queue for Shell’s Oilfield Assets in Nigeria
By Chibisi Ohakah & Sunday Elom
Processing of bids is believed to be in various levels as no fewer than five Nigerian indigenous oil and gas firms are reportedly in queue for Royal Dutch Shell's onshore oilfield assets that are up…
Oil Industry: 2021 in Retrospect and Prospects for 2022
In 2021, the Nigerian oil and gas industry witnessed uncommon activities. From the enactment of the Petroleum Industry Act (PIA) to the declaration of the ‘Decade of Gas’, the sector remained a major hub as Nigeria began to make haste to…