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Orient Energy Review, Africa’s top energy news website brings you the latest, carefully curated Nigerian Oil and Gas News, covering updates from diverse companies/stakeholders from the Upstream/Downstream Oil & Gas Industry in Nigeria.

Brief History of Nigeria’s Oil and Gas Industry

Nigeria is the largest oil and gas producer in Africa. Crude oil from the Niger delta basin comes in two types: light, and comparatively heavy – the lighter around 36 gravity and the heavier, 20–25 gravity. Both types are paraffinic and low in sulfur.

Nigeria’s oil revenue has totaled $340 billion in exports since the 1970s and it is the fifth largest producer.
Though Nigeria is a major oil exporter, it imports most of its gas, and when fuel subsidies were lifted in January 2012, fuel increased from roughly $1.70 per gallon to $3.50.

Nigeria produces a form of oil ideal for the United States, has huge reserves, and has increased its production to 2.8 million barrels (450,000 m3) of oil a day. But this, some say, is all a resource curse that is hurting Nigeria and disadvantaging her people.

Enjoy our top list of “Oil and Gas News in Nigeria”.

Nigeria’s Oil Roam EU International Waters, Searching For Buyers

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A report quoting unnamed four traders, has said that between 20 and 25 shipments of Nigerian crude for April loading are still floating on...

Court Throws Out Money Laundering Against NLNG

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A Federal High Court in Lagos has dismissed a lawsuit alleging collusion with foreign companies and agencies, corruption and money laundering against Nigeria LNG,...

FG Flaunts Scorecard On Maritime, Cross Border Oil Related Crimes Fight...

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President Muhammadu Buhari has said that over 220 vessels involved in maritime criminality within Nigeria's Exclusive Economic Zone, up to the Republic of Togo,...

NBS Raises Concern Over Rising Cost Of Petrol, Profiteering Activities Of...

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The Price Watch of Nigeria’s National Bureau of Statistics (NBS), has said that a combination of high petrol and diesel costs, added profiteering activities...

NNPC Hires French/Swiss National To Head Trading Team

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The Nigerian National Petroleum Company (NNPC) Limited has named Mr. Jeane-Mare Cordier, a former vice president of the Abu Dhabi National Oil Company (ADNOC)...

NCDMB Hosts Nigerian Oil And Gas Opportunity Fair in Yenegoa

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The Nigerian Content Development and Monitoring Board (NCDMB) has explained that it decided to hold the 4th and Nigeria Oil and Gas Opportunity Fair...

NGA Opens Its Learning Solutions Training Series For Stakeholders

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The Nigerian Gas Association has announced the opening of its Learning Solutions Training Series coming up between March 27 and 30, 2023. The four-day...

Former NNPC Chief, Anibor Kragha, Re-Elected African Refiners Association Helmsman

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Former chief operating officer (COO), of erstwhile Nigerian National Petroleum Corporation (NNPC), Anibor Kragha, has been re-elected as executive secretary of the African Refiners...

NCDMB Concludes Training of 100 Youths on Solar Power Installation In...

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The Nigerian Content Development and Monitoring Board (NCDMB) has concluded the training and empowerment of 100 youths in Suleja, Niger state, on solar power...

San Leon Energy Speaks From Eroton’s Side In The OML 18...

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San Leon, the independent oil and gas production, development and exploration has said that its economic interest in OML 18 is not impacted by...

Seplat Energy Pushes Production In Its ANOH Gas Plant To Q4,...

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Seplat Energy has pushed production till fourth quarter , with a hint that the completion of the company’s ANOH gas processing plant is being...

GPPSL Delivers First AOGV Technology Deployment for LNG Plants in Nigeria/

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The Global Process and Pipeline Services Limited (GPPSL) in partnership with IK-Group of Norway has delivered for the first time in Nigeria and Africa,...

Seplat Passes Vote Of Confidence On Embattled CEO

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…describes allegations against him as ‘spurious’Seplat Energy Board has unanimously passed a vote of confidence on its embattled chief executive officer, Mr. Roger, describing...

NNPC, NUPRC Differ On Nigeria’s Increased Oil Output Data

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Nigeria’s Upstream Petroleum Regulatory Commission's (NUPRC) has differed with the group chief executive officer of the Nigerian National Petroleum Company , Mr. Mele Kyari,...

40% Oil Loss Attributable To Measurement Inaccuracies

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That Nigeria has lost a lot of revenue from oil is a fact. However, unknown to many, 40 per cent of this is caused...

Nigeria Urges UK Court To Overturn P&ID $11bn Judgement Debt

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Nigerian government has hopes that the judgment by a London Court asking the country to pay $11billion as debt over the controversial Process and...

Nigeria’s Crude Oil Output Increases To 1.3mbpd In February

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The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has confirmed that the country’s average crude oil production witnessed an increased output in February 2023 with...

Court Bars Seplat Energy CEO From Management Activities

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A Federal High Court in Lagos Wednesday issued an interim order restricting the Chief Executive of Seplat Energy, Roger Brown, from everyday running and...

Nigeria Content Development Management Board Emerges Best MDA in Efficiency, Transparency...

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The Nigerian Content Development and Monitoring Board (NCDMB) has emerged as top performer in business efficiency and transparency in federal government’s ranking of ministries,...

NCDMB, BOI Launch $50m Fund For Oil Sector Manufacturers

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The Nigerian Content Development and Monitoring Board (NCDMB) and Bank of Industry on Wednesday in Lagos launched a $50 million dollars fund for NOGAPS...