Chinese firms set to begin construction of subsea pipelines for Dangote Refinery

Two Chinese companies have held a groundbreaking ceremony to start the construction of a subsea pipeline installation for Dangote Oil Refining Company Limited in...

Kachikwu prefers oil prices to say in $60 range not $70 and above

Nigeria oil minister Emmanuel Ibe Kachikwu said on Saturday his country is aiming to achieve oil production of 1.8 million barrels per day by...

Axxela expands gas supply across West African sub-region

Axxela Limited, (“Axxela”), sub-Saharan Africa’s preferred and fastgrowing gas & power portfolio company, is set to expand its gas supply footprint across the West...

Oil price reaches $70 for first time since 2014

Oil topped $70/bbl in London for the first time in three years as production cuts by OPEC and rising demand whittle away a global...

NNPC spent N112bn on fuel subsidy payments in 10 months of 2017

The Nigerian National Petroleum Corporation (NNPC) spent N112.079 billion on fuel subsidy in the first 10 months of 2017, between January and October 2017, Vanguard...

Total vehemently denies bribery allegations in support vessels’ bids

Following a petition from the Indigenous Vessels Operators Association of Nigeria to the Senate Committee on Local Content, Total Upstream Nigeria Limited (TUPNI) and...

Sahara sells Bonga cargo as Shell puts several Nigerian crude grades on offer

Some Nigerian crude grades have traded amid a large number of tenders due to be awarded this week which has kept sellers on the...

Explosion rocks Nigerian Gas Company facility in Delta

A deafening explosion in the early hours of today rocked an oil facility allegedly belonging to the Nigerian Gas Company (NGC), Vanguard reports. The incident occurred...

Eroton E&P reports gas well fire incident in OML 18

Eroton Exploration and Production Company Limited has said in a statement that a gas fire broke out at a gas well located within Oil...

Risk of attacks on Nigerian oil infrastructure heightened by stalled dialogue – UK firm

A United Kingdom based security intelligence firm, IHS Jane has said that the federal government faces risks of attacks to critical oil and gas infrastructure...

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