Seized €156m equipment at Onne Port stalls Kaduna’s 245Mw power station

The Senate was, yesterday, told that vital equipment meant for the completion of the 245 Megawatts Kaduna Power Plant have been rotting away in...

Nigerian grades weaken on sweet grade oversupply in Atlantic basin

Buying interest for light sweet Nigerian grades was limited on Tuesday and traders said differentials were falling with the glut of alternative crude grades...

Forcados to load at least two crude oil cargoes in May

Nigeria's Forcados crude is scheduled to load at least two cargoes of 950,000 barrels in May, the first volumes to load at the grade's...

NIMASA backs local participation in crude oil lifting

Foreign domination of crude oil lifting may soon end going by the plan of the Nigerian Maritime Administration and Safety Agency (NIMASA), The Nation...

Investors hail OGFZA, FG over piracy reduction around Onne free zone

Investors in the Onne Oil and Gas Free Zone such as Indorama/Eleme Petrochemicals and Brawal Oil Services Limited have commended the leadership of the...

Portugal books Nigerian LNG cargo for April 21st

REN-operated Sines LNG import terminal in Portugal is to receive a new cargo of the chilled fuel from Nigeria, LNG World News reports. The cargo...

Sirius gets OSVs from Tidewater for Ororo drilling campaign

Sirius Petroleum (AIM: SRSP), the investing company focused on oil and gas exploration and development opportunities in Nigeria, is pleased to announce that it...

Nigeria will become West Africa’s hub for FPSO integration – LADOL CM

The Chairman of the Lagos Deep Offshore Logistics (LADOL), Ladipupo Jadesimi, has expressed the hope of Nigeria emerging the hub for Floating Production Storage...

MRS Oil commissions ‘Africa’s largest jetty’ for petroleum products

Leading downstream oil company, MRS Oil Nigeria Plc, on Saturday commissioned a berthing terminal – Dantata Jetty, which has capacity to berth vessels of...

U.S. crude flow to Asia props up tanker market damaged by OPEC cuts

OPEC all but trashed the tanker market with its output cuts. That the damage hasn’t been even worse is thanks in large part to...

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