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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.
Petrol Tops Nigeria’s White Products Sales, Generates N1.9trn in 13 Months
The Nigerian National Petroleum Corporation (NNPC) has said that its downstream subsidiary, the Petroleum Products Marketing Company, recorded a total of ₦1.95tn from the sale of white products for the period October 2019 to October 2020.
…
What ‘Government Agency of the Year 2020’ Award Means to NNPC –Kyari
The New Telegraph Newspapers on Tuesday in Lagos conferred Nigerian National Petroleum Corporation (NNPC) with the award of ‘Government Agency of the Year 2020’.
The Group Managing Director, Nigerian National Petroleum Corporation…
FG Announces New Date for 2021 NIPS
The 2021 edition of the Nigerian International Petroleum Summit (NIPS) has been postponed to June 6, 2021 instead of the earlier dates of March 28 to April 1, 2021.
The Minister of State for Petroleum Resources, Chief Timipre Sylva, who…
Mele Kyari Mourns Pioneer NNPC MD, Festus Marinho
The Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Mele Kyari has has mourned the death of the pioneer Managing Director of the Corporation, Festus Remi Ayodele Marinho.
In a statement on Tuesday, the…
OPEC Daily Basket Price: Wednesday, 20 Jan. 2021, Stood at $55.75 a Barrel
The price of OPEC basket of thirteen crudes stood at $55.75 a barrel on Wednesday, compared with $54.85 the previous day, according to OPEC Secretariat calculations.
The OPEC Reference Basket of Crudes (ORB) is made up of the following:…
Full Text of President Joe Biden’s Inaugural Speech
This is democracy’s day.
A day of history and hope.
Of renewal and resolve.
Through a crucible for the ages America has been tested anew and America has risen to the challenge.
Today, we celebrate the…
FG Takes Cooking Gas Expansion Programme to Rural Dwellers – Kyari
The Federal Government has set up plans to expand access to Liquefied Petroleum Gas (LPG), also known as cooking gas to rural dwellers, the Group Managing Director, Nigerian National Petroleum Corporation, Mr Mele Kyari has said.
Kyari…
Nigeria’s Cooking Gas Consumption Rises Above 1m MT – PPPRA
The Petroleum Products Pricing Regulatory Agency on Tuesday announced that the consumption of Liquefied Petroleum Gas in Nigeria, popularly called cooking gas, exceeded one million metric tonnes in 2020.
The PPPRA disclosed this on…
No Oil Spill from Our Funiwa Field – Chevron
Chevron Nigeria Limited (“CNL”), operator of the joint venture between the Nigerian National Petroleum Corporation (NNPC) and CNL has refute media reports suggesting that an oil leakage came from its Funiwa field in Bayelsa State.
The…
Shell Joins International Transport Forum’s Corporate Partnership Board
Royal Dutch Shell plc (Shell) has joined the International Transport Forum’s (ITF) Corporate Partnership Board. Shell and the ITF will work together on sustainability issues, the decarbonisation of transport, innovative mobility and…
JUST IN: Four Burnt to death, Many Injured as Tanker Explodes in Ogun
Four persons have been reportedly burnt to death while several others sustained various degrees of injuries in an early morning fuel tanker explosion in Abeokuta, the Ogun state capital.
Orient Energy Review gathered that the incident,…
Buhari Set to Inaugurate National Oil, Gas Excellence Centre January 21
In a bid to boost the operations of the nation’s petroleum sector, President Muhammadu Buhari will on January 21, virtually inaugurate the National Oil and Gas Excellence Centre (NOGEC in Lagos.
The Head, Public Affairs of the…
First Cargo of Nigeria’s Newest Crude, Anyala, En Route to Europe
The first export cargo of Nigeria’s newest crude grade Anyala is on its way to Northwest Europe, trading and shipping sources said on Monday.
This is the latest development after the commencement of oil production from the Anyala West…
Asharami Energy Appoints Menkiti as COO to Drive Enhanced Production Target
Asharami Energy, a Sahara Group Upstream Company, has appointed Henry Menkiti as its Chief Operating Officer to boost ongoing expansion projects aimed at delivering the company’s ambitious production target over the next few years.
…
NNPC Sells $120.49m Worth of Crude Oil, Gas in September
The Nigerian National Petroleum Corporation (NNPC) said that the country exported $120.49 million worth of crude oil and gas in September 2020.
While this shows a 16.28 per cent improvement over the $100.88 million figure posted in the…
Shell Nigeria Gas Seals 20-Year Gas Distribution Deal
The Shell Nigeria Gas, SNG, has signed a 20-year agreement for the domestic distribution of gas to industrial customers and manufacturing plants in Lagos and Ogun States.
In the new deal with the Nigerian Gas Marketing Corporation,…
Heirs Holdings Acquires 45% Stake in Nigeria’s OML 17
Heirs Holdings (HH), in partnership with Transnational Corporation of Nigeria Plc (Transcorp), on Friday announced the acquisition of a 45 per cent participating interest in Nigerian oil licence OML 17 and related assets from the Shell…
Osinbajo, Kyari, Others Meet Oil Majors Over PIB
Vice-President Yemi Osinbajo on Tuesday met with some stakeholders in the oil and gas industry in continuation of the Federal Government’s consultations ahead of the passage of the Petroleum Industry Bill currently before the National…
Nigeria Restates Commitment to OPEC+ Agreement on Oil Production
The Nigerian National Petroleum Corporation (NNPC), on Wednesday, said it will continue to abide by the output cut agreement of the Organisation of the Petroleum Exporting Countries (OPEC) and its allies aimed at stabilising the global oil…
NNPC Diversifying Portfolio Beyond Oil Assets – Kyari
The Nigerian National Petroleum Corporation (NNPC) says it is currently diversifying its portfolio beyond oil assets due to the impact of global energy transition.
Mele Kyari, Group Managing Director, NNPC made this known on Wednesday…