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Tag: Nigeria Oil and Gas Industry

FG saving N1.4 trillion per annum from subsidy-Kachikwu

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…wants NCDMB to build collaborations The recent removal of subsidy from the pump price of premium motor spirit is saving the Federal Government over N1.4...

NLNG to take delivery of last of six vessels worth $1.41bn

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The Managing Director, Nigeria Liquefied Natural Gas Limited (NLNG), Babs Omotowa has said that the company will this month receive the last of the six new...

Finally, Niger Delta Avengers agree to talks, insist on foreign mediators

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The militant group, Niger Delta Avengers, which has carried out attacks on oil facilities in the Niger Delta region, said it would consider negotiation...

OPEC expects balanced oil market in second half of 2016

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OPEC has forecast that the world oil market will be more balanced in the second half of the year as outages in Nigeria and...

Nigeria lost billions of dollars to sharp practices in oil, gas...

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The Executive Secretary, Nigeria Extractive Industries Transparency Initiative (NEITI), Waziri Adio, said Nigeria lost billions of dollars in 2013 to sharp financial practices in...

Nigerian oil firm battles IOC over alleged breach of local content...

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An indigenous Nigerian energy firm, Ofserv Nigeria Limited, has sued Weatherford International and its Nigerian affiliate, Weatherford Nigeria Limited, for alleged breach of trust...

Foreign Refineries To Stop Buying Nigeria’s Crude Oil As Militants Rebuff...

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Niger Delta Avengers, NDA, yesterday, scuttled the hope of early resolution of the current spate of bombings in the Niger Delta, as it did...

Nigeria ranks top five among gas flaring countries in 2015

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Nigeria has ranked fifth amongst countries in the world to have flared (burnt off) the highest volume of gas per day, an improvement against...

Oando secures N94.6 billion facility as part of its strategic restructuring...

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Oando, Nigeria’s leading indigenous energy group listed on both the Nigerian and Johannesburg Stock Exchange, has announced the conclusion of a N94.6 billion facility...

Belemaoil to launch 650MW power barge, as Chevron hands over OML...

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WorldStage Newsonline-- Chevron Nigeria Limited has completed the handover of oil mining lease (OML) 55 to Belemaoil Producing Limited. According to a statement which Belamaoil,...

DPR staff presents new book on oil and gas law &...

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An oil and gas law and policy book authored by Dr. Joseph Adebola Tolorunse, the Legal Adviser of the Department of Petroleum Resources was...
Oil Price Slips as New Coronavirus Strain Spreads

Q1 2016: Nigeria’s oil trade down ₦716.7bn – NBS

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Nigeria’s crude oil trade declined by ₦716.7 billion or 46.6% in the first quarter of this year against the level recorded in fourth quarter, 2015,...

NNPC: Kachikwu is brain behind Barkindo’s appointment

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The Nigerian National Petroleum Corporation (NNPC) says diplomatic shuttles by Ibe Kachikwu, the minister of state for petroleum resources, helped in the appointment of...

Nigeria’s Mohammed Barkindo becomes OPEC secretary general as cartel looks forward...

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A one-time group managing director of the Nigerian National Petroleum Corporation (NNPC), Mohammed Barkindo, was on Thursday appointed the secretary-general of the Organisation of...

Shell Suspend Crude exports Indefinitely Due to Niger Delta Avengers’ Attacks

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By Margaret Nongo-Okojokwu Shell Petroleum Development Company Limited yesterday confirmed an attack by the notorious militant group, Niger Delta Avengers , on their oil installations...

‘The facilities we have in LADOL make it possible to do...

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Dr. Jadesimi received her first degree from Oxford University, where she earned a BA in Physiological Sciences. She then attended Oxford University Medical School,...

Oil Freeze: Nigeria Seeks Consensus Among OPEC Members

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Nigeria is seeking a consensus among members of the Organisation of Petroleum Exporting Countries as regards talks concerning crude oil production freeze. The Minister of...

GE Brings Digital Solutions to Nondestructive Testing (NDT) Industry

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Mentor UT™ Improves Productivity with the Power of Apps and Live Wireless Collaboration Volatile oil prices, global competitive pressure, and the costs and challenges associated...

NCDMB, IOCs Endorse LADOL’s Integration Facility

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By Margaret Nongo-Okojokwu L-R: Managing Director of Samsung Nigeria, Wang Kim; Executive Chairman, Lagos Deep Offshore Logistics Base (LADOL), Mr. Ladi Jadesimi; Executive Secretary, Nigerian...

Ogoni Clean-Up Begins June 2

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The Federal government will on June 2 launch the kick-off of Ogoni clean-up programme as contained in the United Nations Environment Programme Report, UNEP. ...