Oil And Gas

By Chibisi Ohakah, Abuja Nigerian National Petroleum Company (NNPC) Limited has reported that federal government total payments on fuel subsidy between January and October this year totaled N1.03 trillion. A breakdown showed that in…

…….says only JIV report unravel cause, volume of spill By Kenechukwu Obiajuru, Yenagoa  National Oil Spills Detection and Response Agency (NOSDRA) has confirmed that some 4,150 barrels of oil and water residue had been recovered from…

…..LPG Association Beckon on Govt for Action By Chibisi Ohakah, Abuja    Experts under the auspices of Nigeria Liquefied Petroleum Gas (LPG) Association have cried out that the high prices of LPG in Nigeria is shifting demand to…

By Chibisi Ohakah, Abuja An indigenous Nigerian oil company, Seplat Energy (SEPLAT.LG), along with a partner, has began talk aimed buying America’s oil majors, ExxonMobil's (XOM.N) shallow-water oilfields in Nigeria. Seplat who…

By Chibisi Ohakah, Abuja with agency Royal Dutch Shell has revealed that a government security policy in the United States of America has delayed the sale of the company’s controlling interest in a Texas refinery to Mexico's national…

By Kenechukwu Obiajuru, Yenagoa A new flank has opened in the November 5 oil spill in Santa Barbra wells, Nembe in Nigeria’sNiger Delta, with residents in the neighboring Brass local government area alleging that crude oil from the…

.… Also $1.8bn over 2021 Bonga Spill By Kenechukwu Obiajuru, Yenagoa Artisanal fishermen in the Niger Delta region have called for compensation from Aiteo Eastern Exploration and Production Company following the lingering November 5…

….. Describes the oil spill as inevitable accident  By Kenechukwu Obiajuru, Yenagoa The federal government has called on the host communities in the Santa Barbara well area where the November 5 oil spill took place in Nembe, Bayelsa…

By Chibisi Ohakah, Abuja Nigeria and the State of Qatar have opened discussions on possible collaboration between the two countries in the area of gas production expansion. The Permanent Secretary at the ministry of foreign affairs,…

……Aiteo’s operations suspended in OML 29 By Chibisi Ohakah, Abuja Nigeria’s National Oil Spill Detection and Response Agency (NOSDRA), has engaged a Port Harcourt based, external oil spill control firm, Kenyon International, to…

By Chibisi Ohakah, Abuja  Finally, the Nigerian government has ordered the indigenous operator of Oil Mining Lease (OML) 29, AITEO Eastern Exploration and Production Company Ltd. (AEEPCo), to stop further operations at the Santa Barbara…

…….decry indifference of pipeline owners By Amaechi Okonkwo Nigeria’s National Oil Spill Detection and Response Agency (NOSDRA) and the government of Rivers state have adopted community based approach to tackle the perennial menace…

The Federal Government of Nigeria (FGN) has revealed that it was rebuilding the country’s upstream sector to attain 100% in crude oil production by producing 3.0 million barrels per day up from the 1.5 million barrel per day average it has…

The Nigerian National Petroleum Corporation (NNPC) Limited has signed a $1.04 billion facility deal with the African Export-Import Bank (Afreximbank) to finance petroleum exploration in Nigeria in order to boost crude oil production in the…

A report released a few days ago by the Organization of Petroleum Exporting Countries (OPEC) has shown that Nigeria has lost its position as the biggest oil producing country in Africa to Libya. According to the report, Nigeria’s oil…

Meanwhile, the National Oil Spills Detection and Response Agency (NOSDRA) has raised alarm that the Nov. 5 oil spill which occured at a well close to Oil Mining Lease (OML) 29 is yet to be taken care of as at date. The indigenous…

An Ijaw group under the aegis of Ijaw Diaspora Council, (IDC) has called on the Federal Government and the international community to urgently intervene to put a stop to the continued oil leak at Santa Barbara oil well 1 in Nembe, Bayelsa…

Revises Down Its Forecast by 160,000 bpd The Organization of Petroleum Exporting Countries (OPEC) has forecasted that global oil demand would average 96.4 million barrels per day (bpd) this year. It explained in a report released…

The Africa Safety Awards for Excellence (AfriSAFE) has disclosed that it will honour the Chief Executive Officer of the Nigeria Liquefied Natural Gas Limited (NLNG), Tony Attah, Seplat Petroleum Development Company Plc and other top…

As fears that energy supply could be threatened, Nigeria and other African nations are shifting their attention to natural gas for energy transition. Africa energy ministers at the Africa Oil Week conference in Dubai said that African…