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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.
Russia Oil Embargo: Mixed Reactions As EU Turns To Nigeria, Others For Supply
Indications that the European Union (EU) may turn to Nigeria and other oil-producing countries for oil supply amid moves to approve an embargo on Russian oil, is generating mixed reactions.
The New York Times reported last Friday, that…
PENGASSAN to Partner NUPENG to stop Casual Staff Syndrome in Oil Sector
The President of Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), Mr. Festus Osifo, has revealed that the association is making moves to stop or reduce to a minimal level, the issues of casualisation in the oil…
Navy Confirms Relocation of Illegal Refiners to Nigeria’s South East Region
…….Announces Seizure of Stolen, 6m litres of Crude Oil Worth N3bn during raids
The Nigerian Navy has confirmed the migration by operators of illegal refining sites IRS from the South South geopolitical zone to the South East.
The…
Nigeria’s Oil Production Rigs Drops to 10
The Organisation of Petroleum Exporting Countries (OPEC) has released a data stating that the number of functional crude oil production rigs in Nigeria decreased by 37.5% to just 10 operational rigs in March 2022.
An oil rig, offshore…
GEIL Commences Phase 2 Development of Otakikpo Oil Field
The indigenous integrated energy firm operating the Otakikpo Marginal Field, the Green Energy International Limited (GEIL), has announced its beginning of the Phase-2 development of the field located at the Oil Mining Lease (OML) 11 in…
U.S. To Become World’s Top LNG Exporter This Year
Five years after the United States became a net exporter of natural gas on an annual basis, the country’s natural gas exports both by pipeline and as liquefied natural gas (LNG) have grown by leaps and bounds.
The U.S. Energy…
JPMorgan: Immediate EU Ban On Russian Oil Could Send Prices To $185
………A full immediate ban would cut over 4 mbpd of Russian supply. ………JPMorgan sees 2.1mbpd of Russian supply to EU if it imposes gradual ban. ……….France' Finance Minister: EU ban on Russian crude is in the works.
Oil prices could shoot…
Bayelsa Oil Leak Caused by Crude Oil Thieves – NOSDRA
The National Oil Spills Detection and Response Agency (NOSDRA) has blamed the massive drop in power generation and collapse of the national grid on the frequent vandalism of gas pipelines for the oil leak in Bayelsa state.
NOSDRA…
Nigeria: Oil Firms Spill 1,545 Barrels of Crude Oil in Q1’22
Oil and gas companies operating in the Niger Delta spilled 1,545 barrels of crude oil, an equivalent of 246, 000 litres, in three months, from January to March 2022, according to data obtained from the National Oil Spill Detection Response…
Russia Ready to Sell Oil, Gas at ‘Any Price Point’
………..As Economic Sanctions Kick In
There are indications that warring Russia may have started feeling the impact of global economic sanctions following Russia’s aggression against Ukraine.
Last night major international journals…
Nigeria’s Oil Output Declines by 15% in March 2022 – OPEC
The Organisation of Petroleum Exporting Countries (OPEC) has reported that Nigeria’s oil output declined by 15% to 1.24 million barrels per day (bpd) in March 2022.
The report, which is contained in OPEC monthly Oil Market Report (MOMR)…
The African Oil and Gas Windfall in Western Europe is a Pipe Dream
There has been much talk about Africa stepping into the gap to supply gas and other fuel to western Europe as it accelerates a structural shift away from Russian energy dependence. That’s nothing but a pipe dream.
Countries such as…
Falling Oil Production, Theft Compound Nigeria’s FX Woes
Despite rising oil prices, Nigeria’s foreign reserves have suffered greatly since the turn of the year, following decline in oil production and activities of oil thieves.
The oil sector provides for 95% of Nigeria’s foreign exchange…
Tecon Oil Services
About Tecon Oil Services
Tecon Oil Services is a family-owned and operated, full-service oilfield company that has been providing quality oil service for over 30 years.
Tecon's team of experienced professionals provides a…
Oil theft: Troops Recover 12.1m litres of Stolen Oil in Niger Delta
Director of the Nigerian Army defence media operations, Bernard Onyeuko, has revealed that Nigerian troops of Operation Delta Safe have recovered 12.1 million litres of illegally refined Automotive Gas Oil (AGO), and 4,000 liters of stolen…
Nigeria: Agip Gas Pipeline Vandalized Again in Bayelsa
A gas pipeline operated by Nigerian Agip Oil Company (NAOC) has been vandalized and set ablaze again, barely one week after it was attacked by vandals, the News Agency of Nigeria has reported.
The breach of the pipeline cuts the oil…
Why Nigeria’s oil is losing relevance
One of the most common platitudes held by Nigerians is Nigeria is a major competitor in the international oil markets. The seat at the Organization of Petroleum Exporting Countries meetings and the fact that it is the country’s largest…
Oil Theft: NNPC Proposes Collaboration with NUPENG, NARTO, Others
The Nigerian National Petroleum Company Ltd, is seeking partnership with the National Association of Petroleum and Engineering Gas Workers (NUPENG), the National Association of Road Transport Owners and other stakeholders in the oil and…
Why Measurement, Metering are Critical in Nigeria’s Oil, Gas Sector
Oil and gas stakeholders in the country have linked the growing crude oil theft and subsidy misalignment to the inadequacy of metering and measurements in Nigeria.
While the Minister of State for Petroleum Resources, Timipre Sylva had…
FG Solicits Gas Supply to NLNG from Shell, Chevron, NNPC
Nigeria is soliciting for partnership among the Nigeria Liquefied Natural Gas (NLNG), Shell Plc, Chevron, the Nigerian National Petroleum Company (NNPC) Limited and other oil companies in the country in order to increase gas supply to the…