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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.
OPEC+ to Resume Halted Crude Oil Output
…Experts say global oil market still falteringThis week, the Organisation of Petroleum Exporting Countries (OPEC) will likely resume some of the crude output halted during the depths of the pandemic. World Oil said in a report…
NNPC Records ₦2,393.88bn From Products Sale in May
The Nigerian National Petroleum Corporation (NNPC) has confirmed that the total revenue generated from the sales of white products in May 2020, stood at ₦2,393.88billion, where PMS contributed about 98.84% of the total sales with a value…
Shell’s 2019 Social Investment Programmes in Nigeria
Shell companies in Nigeria have over the years shown atypical commitment to the growth and development of Nigerian economy as well as the Nigerian people.
Over the decades, Shell through its various social investment programme continued…
Sylva, Kyari Extol Rainoil for Deepening Gas Penetration
The Honourable Minister of State for Petroleum Resources, Chief Timipre Sylva and the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari have applauded Rainoil Limited for its efforts in…
Nigeria: $445.7m Worth of Gas Flared in 6Months – NOSDRA
The National Oil Spill Detection and Response Agency (NOSDRA) disclosed that the value of gas flared by oil and gas companies from January to June 2020 worth about $445.7m.
NOSDRA stated that 222.8 billion standard cubic feet (bscf) of…
FG to Encourage More Private/Public Partnership to Boost Domestic Gas
The Minister of State for Petroleum Resources, Chief Timipre Sylva, has said that more private and public sector collaboration will be encouraged as Nigeria steps up effort to realise its target of boosting domestic gas utilisation.
…
Oriental Energy Donates Palliatives to Akwa Ibom Communities
Oriental Energy Resources Limited, an indigenous oil producer in Nigeria, has donated food items to its host communities in Mbo Local Government Area, Akwa Ibom State, to cushion the effects of COVID-19 pandemic.
According to the…
Dangote Refinery at 71% Completion, DPR Says
Nigeria’s Department of Petroleum Resources (DPR) has said that the construction of Dangote Refinery is now 71% complete.
The refinery is expected to become Africa’s largest oil refinery and the world’s biggest single-train facility…
Nigeria’s Oil Pipeline Vandalism Drops by 43% in May
Nigerian National Petroleum Corporation (NNPC) has recorded a 43% drop in cases of malicious damage to oil pipeline infrastructure in May 2020.
Details of the report is contained in the May 2020 edition of the NNPC Monthly Financial and…
UBA Leads Consortium for a $1.5bn Refinancing For NNPC, NPDC
United Bank for Africa (UBA) Plc is leading a consortium of Nigerian commercial and international banks in the $1.5 billion pre-export finance facility for the Nigerian National Petroleum Corporation (NNPC) and its upstream subsidiary, the…
PPMC Fixes Ex-Depot Price of Petrol at N138.62 Per Litre
Nigerian National Petroleum Corporation (NNPC), downstream subsidiary, Petroleum Products Marketing Company (PPMC), has fixed the ex-depot price of premium motor spirit (PMS), known as petrol at N138.62 per litre.
In a memo signed by…
Agip Insists It Complied with Extant Laws in OPL 245
Nigerian Agip Oil Company, a subsidiary of Italy oil giants, Eni, has said that it complied with the law on issues pertaining to Oil Prospecting License (OPL) 245, and that it had published in its website the documents of the judicial…
COVID-19: IOCs suffer $27.8bn losses
…Condition forcing firms to slash capital budgets
The slump in oil prices caused by the Coronavirus is believed to have forced many companies, including International Oil Companies (IOCs) to slash their capital budgets…
Criticisms Trail OPEC’s Plan to Raise Supply in August
Deep production curbs by the Organisation of Petroleum Exporting Countries (OPEC) and its allies had helped oil rebound from its plunge below zero in April, but analysts say that it’s a not a comfortable time to pump up the volume at the…
FG, Shell, Bayelsa State Begin Oloibiri Museum and Research Center
Sixty-four years after the discovery of crude oil in commercial quantities at Oloibiri, Bayelsa State by Shell Darcy, the Federal Government working closely with the Bayelsa State Government and Shell Petroleum and Development Company…
HOSTCOM Wants Anambra Declared Oil-Producing State
Again, the Federal Government has been urged to declare Anambra State as an oil-producing state.
Anambra State chapter of the Host Communities of Nigeria Producing Oil & Gas (HOSTCOM) which made the call said it said would enable…
Nigeria’s Oil, Gas Earnings Drop 2.6% in Q1 2020 – CBN
The country’s earnings from the oil and gas sector dropped by 2.6 percent in the first quarter of 2020 the Central Bank of Nigeria has disclosed.
The Apex bank in a statement said Nigeria’s earning went down from N1.6 trillion realised…
Minister of Petroleum to Inaugurate Committee for Oloibiri Museum, Research Center
The Honorable Minister of State for Petroleum Resources, Chief Timipre Sylva will today, August 4, 2020 inaugurate the project committee for the development of the Oloibiri Museum and Research Center (OMRC).
The Nigerian Content…
Another Gas Explosion in Lagos Claims Two Lives, Many Injured
In less than five days, Lagos State recorded two explosions with yesterday’s claiming two lives and leaving five others seriously injured, Orient Energy Review reports.
The incident occurred at about 4:30pm near Wema Bank Bus Stop,…
Forum Launches Remote Piloting Capability for Perry, Sub-Atlantic ROVs
Forum Energy Technologies has developed and demonstrated the ability to remotely operate Workclass and Observation Class (Perry and Sub-Atlantic) ROV systems between an offshore vessel and a remote location, Orient Energy has learnt.
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