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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”.

Nigerian National Petroleum Company is Set To List On The Stock...

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The repackaged Nigerian National Petroleum Company Limited is set to make its initial public offer in 2024.Chief financial officer (CFO), Umar Ajiya,...

Nigeria Positioned For Over $200bn In Deep Water New Investments –...

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Chief executive officer of Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe, has said that Nigeria is currently positioned to benefit from over N200billion in...

Nigeria LPG Growth Plans Knocked By Ukraine War

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Nigeria's plans to expand the domestic LPG market to 5mn t/yr by 2030 from 750,000 t/yr in 2017 have coincided with severely challenging conditions,...

Exxon Is Not Quitting Nigeria, We Are Not Leaving

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...Deep water in Nigeria remains an attractive opportunity – ExxonExxon Mobil Corp has expressed the hope that it will get Nigerian government approval to...

NNPC Acquires OML 18 From Operator, Eroton Exploration And Production

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NNPC Eighteen Operating Limited, a subsidiary of NNPC Limited, is now the new operator of OML 18. This development followed a decision by the...

Nigeria Targets Additional 400,000mb/d To Achieve OPEC Quota

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The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has said that it working hard to achieve additional 400,000b/d from some mega projects, to enable it...

Rivers Oil Explosion: LG Chairman Blames IOCs, Security Agencies Of Aiding...

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Chairman of Emohua local government area of Rivers state, Mr. Chidi Lloyd, has blamed security agencies drafted to protect oil pipeline infrastructure in the...

Major Oil Marketers Call For Full Automation Of The Sector

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The Major Oil Marketers Association of Nigeria (MOMAN) has called for the automation of the industry in order to facilitate transparency in the downstream...

Nigerian Gas Fuels Morocco, Algeria Pipeline Power Struggle

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Adversaries Morocco and Algeria are each racing to build a conduit pumping Nigerian gas to European markets, even as the continent aims to wean...

Nigeria’s New Oil Output Boosts OPEC’s Target in February – Survey

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A survey has revealed that oil output by the Organization of Petroleum Exporting Countries (OPEC) rose in February led by a further recovery in...

Crude Oil: Declining Output Shrinks Nigeria’s Economic Growth – NBS

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From 3.98% a year earlier, Nigeria’s oil theft coupled with deferred investment in Nigeria's oil industry has caused the country’s economy growth to slow...

NNPC Flaunts The Success Of Over 1.6mbpd Oil Output

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...Kyari attributes success to ‘Rectangular Approach’ Nigerian’s oil output has risen to 1.67 million barrels per day, though some millions short of the 1.8 million...

Nigeria’s Energy Sector Quick-Win Interventions Will Achieve 900,000bpd – Komolafe

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Nigeria reckons that the current quick-win interventions in the energy sector will boost Nigeria's oil production by about 900,000 barrels per day in the...

Oloibiri: Reminiscing On Shell’s Pioneer Oilfield

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The joy of Mr. Osajie Okunbor, managing director (SPDC) and lead country chair of Shell Companies in Nigeria was different as stakeholders and collaborators...

Buhari Urges Contractors To Apply Local Content In Oloibiri Museum Project...

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…Tasks host communities on sustenance Julius Berger, the contractor handling the Oloibiri Museum and Research Centre as well as the Local Content Conference Hotel, all...

Wabote Explains Concepts Of Oloibiri Museum, Local Content Conference Center

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The executive secretary of the Nigerian Content Development and Monitoring Board , Mr. Kesiye Wabote, has said that in the choice of the Oloibiri...

Bayelsa Urges FG To Rightly Name Oloibiri After Otuagbagi Host Community

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The people of Bayelsa state have called on the Nigerian government to properly name the Oloibiri Museum and Research Centre after Otuabagi Community, said...

How Nigeria Got Out Of Oil Theft Impunity And Recession –...

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Vice President Yemi Osinbajo has provided a brief on how the administration of President Muhammadu Buhari steered Nigeria out of recession and lingering, massive...

Nigeria Believes Its Oil Theft Incidence Is Exaggerated

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Nigerian upstream oil managers have said that metering errors account for around 40% of the crude oil losses in Nigeria’s production generally attributed to...

Sylva To Perform Groundbreaking Of Oloibiri Museum, NCDMB Conference Center In...

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Minister of state for petroleum resources, Mr. Timipre Sylva will tomorrow perform the groundbreaking of the Oloibiri Museum and Research Center (OMRC), in Bayelsa...