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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.
Oil, Gas After Covid-19: Day of Reckoning or A New Era of Opportunity?
The combination of disruptive Covid-19 epidemic demand and oversupply has created an unprecedented crisis for the global oil and gas industry.
The oil and gas industry is experiencing its third price collapse in a span of 12 years.
…
Explosions Damage Crude, Gas Pipelines at Shell, Agip Oil Fields in Bayelsa
Unidentified persons on Monday attacked oil facilities operated by Shell Petroleum Development Company (SPDC) and Nigerian Agip Oil Company (NAOC) at Ikarama community, Yenagoa Local Government Area of Bayelsa.
Mr Ben Warder, a youth…
Buhari Commissions Waltersmith 5,000bpd Modular Refinery, Hails NCDMB
President Muhammadu Buhari on Tuesday commissioned the 5,000 barrels per day (bpd) Waltersmith Modular Refinery, developed with 30 percent equity investment by the Nigerian Content Development and Monitoring Board (NCDMB).
President…
Correct Oil Industry Mistakes, Bayelsa State Government Charges FG
The federal government and other critical stakeholders in the Nigerian oil and gas industry have been charged to ameliorate the mistakes that are depriving host communities of their benefits.
The Deputy Governor of Bayelsa State,…
Train 7 to Create 52,000 Jobs, Says NLNG
The Managing Director and Chief Executive Officer of the Nigerian Liquified Natural Gas, Tony Attah, has said that at least 55 per cent of the scope of work on the newly signed Train 7 project of the Nigerian Liquefied Natural Gas Limited,…
Buhari to Inaugurate Waltersmith’s 5,000bpd Modular Refinery, Today
President Muhammadu Buhari will today inaugurate the 5,000 barrels per day Waltersmith Modular Refinery and conduct the ground-breaking ceremony for the 45,000 barrels per day refinery expansion project at Ibigwe, Ohaji/Egbema Local…
Nigeria’s Moribund Refineries Record N79bn Deficit, Zero Refined Crude
Nigeria has continued to reel under the burden of frightening overheads in the four refineries despite the absence of any drop of refined crude oil coming from the refineries. The refineries are located in Warri, Port Harcourt and Kaduna.
…
Minister says Nigerians Should be Happy to Import Petrol from Niger
Nigeria’s minister of state, petroleum resources, Timipre Sylva, has called on Nigerians to be happy and proud that Africa’s biggest oil state is about to resume petroleum products importation from neighbouring Niger Republic.
Sylva…
Eni Ranked Top by Corporate Human Rights Benchmark
The Corporate Human Rights Benchmark (CHRB) has ranked ENI tops among the 199 companies assessed for leadership, the design and implementation of an effective approach to human rights.
CHRB is an internationally recognized benchmark…
Europe Faces Renewed Lockdowns, More Refineries Risk Closures
With fuel demand in Europe falling again as major economies re-imposed lockdowns to fight the spike in coronavirus cases, it is believed that more refineries in Europe are at risk of permanent closure.
Oilprice.com reported last weekend…
NNPC Cuts Losses in One Financial Year by N800bn – GMD
The Group Managing Ddirector of the Nigerian National Petroleum Corporation (NNPC), Engr Mele Kyari, has said that the apex oil corporation is the only company in the country that has cut its losses within one financial year by N800…
Covid-19: Middle East Oil Producers Drowning in Debt
Oil producers in Arab Gulf are reportedly losing billions of U.S. dollars from oil revenues this year due to the impact of the Covid-19 pandemic that crippled global oil demand and oil prices.
Oilprice.com reported last weekend that as…
Africa Energy Chamber Sees Increased Gas-Monetisation in the Continent
The African Energy Chamber has released The Africa Energy Outlook 2021, with the forecasts for increased gas monetisation across the continent on the back of decarbonisation and industrialisation drive.
The Chamber said it discovered…
Kenya Slashes Petrol, Diesel and Kerosene Prices
Kenya has slashed the prices of super petrol, diesel and kerosene by Sh1.42, Sh2.21 and Sh2.10 per litre respectively, with immediate effect.
The Energy and Petroleum Regulatory Authority for Residents, said Nairobi residents will…
Stakeholders Examine Energy Security Challenges, Decry Nigeria’s Fuel Import Regime
The Executive Secretary, African Refiners and Distributors Association (ARA), Anibor Kragha, said that population explosion in the continent will force Africa to target sustainable financing options to build refineries and transport…
FG Signs MoU on Fuel Transportation, Storage with Niger Republic
The Federal Government on Thursday signed a Memorandum of Understanding (MoU) with the Republic of Niger for the transportation and storage of petroleum products.
In a statement by the Group General Manager/Special Adviser on Media to…
Techno Oil Boss Calls for Govt Funding for Gas Terminal Construction
…As Nigeria’s LPG storage capacity now 69,698MTThe Group Managing Director, Techno Oil, Mrs. Nkechi Obi, has said that the 8,400MT-capacity LPG terminal built at Apapa by the company, would generate up to…
Total E&P Reiterates on Risks Confronting Investors in Nigeria Oil Sector
The management of Total Exploration and Production Nigeria Ltd has taken the position that despite the presence of oil and gas majors in the Nigerian turf, the country remains very risky for business.
The company points at what it…
Sylva inaugurates Techno Oil 8,400MT LPG terminal in Lagos
The Minister of State for Petroleum Resources, Chief Timipre Sylva, on Wednesday inaugurated the 8,400 Metric Tonnes (MT) Liquified Petroleum Gas (LPG) terminal built by Techno Oil in Kirikiri, Lagos.
Inaugurating the gas terminal, the…
Nigeria’s Rig Count Drops by 30%, Stakeholders Lament Lull in Oil Sector
The Organisation of Petroleum Exporting Countries (OPEC) has said that the number of active oil rigs in Nigeria declined by 30% in October, with the rig count falling to seven in October from 10 in September.
The rig count is largely a…