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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”.

Niger Delta Petroleum wins Global Gas Flare Reduction Award

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An indigenous company, Niger Delta Petroleum Resources Limited, has clinched the 2015 Global Gas Flare Reduction Excellence Award. The award conducted by the Global Gas...

Oil Theft: NNPC to Deploy Drones in Nigeria’s Territorial Waters

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…Says oil theft, pipeline vandalism claims 350 lives in three years The Nigerian National Petroleum Corporation (NNPC) declared plans to deploy drones across the nation’s...

NNPC to unbundle PPMC into three companies

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  ABUJA-REFORM, cleansing and restructuring of Nigeria’s oil and gas industry has taken a step further as Nigeria National Petroleum Corporation, NNPC has announced moves...

Shell declares force majeure on Bonny Light exports

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The Shell Petroleum Development Company of Nigeria, SPDC, has declared force majeure on Bonny Light exports effective August 27, 2015. The company stated in a statement...

Frontier Oil Boosts Gas Supply To Alaoji, Calabar, Ibom Power Plants

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The Chief Executive Officer of Frontier Oil Limited (FOL), Mr. Thomas Dada has stated that his company is the source of gas supply to...

Buhari Directs NNPC To Work With Indigenous Oil Producers To Boost...

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President Muhammadu Buhari Wednesday in Abuja directed the management of the Nigerian National Petroleum Corporation (NNPC) to work more closely with the indigenous oil...

Nigerian Gov’t Urged To Increase Oil Output above 2.2m Bpd

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The Federal Government has been urged to increase crude oil production from the current level of between 2.2millon and 2.3 million barrels per day...

RGU Oil and Gas Institute Launched In Nigeria

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Robert Gordon University (RGU) has formally launched its Aberdeen-based Oil and Gas Institute in Nigeria at an event recently at the British Deputy High...

Lazarus Angbazo unveils GE Manufacturing Capabilities In Nigeria

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GE Oil & Gas is continuously seeking to increase the competitiveness of the solutions for the Nigerian Oil & Gas industry  LAGOS, Nigeria, June 18,...

NUPENG Urges Govt To Rehabilitate Railways For Petroleum Haulage

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The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), has promised to continue to train and re-orient tanker drivers on safe driving to...

Erin Energy Announces Offtake And Prepayment Agreement With Glencore For Oyo...

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Erin Energy has agreed to heads of terms on a commercial agreement with an embedded prepayment element with Glencore Energy UK, a subsidiary of Glencore. Also Read: Glencore...

Panoro Energy Announces Rig Contract For The Aje Field, Offshore Nigeria

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Panoro Energy, an independent oil and gas E&P Company focused on West Africa, provides the following operations update. The operator of the OML113 license...

Oando Set To Increase Gas Production

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Oando is set to increase gas production by 20 million cubic feet with the construction of three gas-compression plants in Aba, Abia State; Port...

Seven Energy Advocates Robust Gas Pricing

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Seven Energy Ltd has advocated the need for robust gas pricing policy in Nigeria. Its Chief Operating Officer (COO), Mr. Jeff Corey, told reporters in...

New Era In Oil And Gas – Competitive Market With Modularized...

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By Ritch Wingo Right before the elections, I published an article, “Nigeria Didn't Implode It Froze - Drop In Oil”, about how Nigeria was grinded...

Seven Energy Begins Delivery of Gas to Alaoji Power Station

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Seven Energy International Limited (“Seven Energy”), the indigenous Nigerian integrated gas company, through its wholly owned subsidiary, Accugas, has commenced supply of gas to...

PETAN Refocus On Gas To Attract Investment Into Nigeria

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By Margaret Nongo-Okojokwu Gas utilisation is a primary goal of Nigeria's petroleum and energy policies. This is because, with a proven reserve of 260 trillion...

PETAN Leads Nigerian Delegation To Offshore Technology Conference (OTC), 2015.

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Offshore Technology Conference (OTC) is an annual gathering of thousands of people from around the world with interest in oil and gas, comprising policy...

Nigeria Loses N8bn To Gas Pipeline Vandalism

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Speaking at a press briefing in Warri, Delta State, the Managing Director, NGC, Mr. Dafe Sejebor, disclosed that since the beginning of this year...

Oando, NEPN Produces First Oil On Qua Iboe Field

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This is sequel to‎ completion of all civil and pipeline works associated with the field. The exert date of production commencement ‎as at press time...