US, FG back Eko Petrochem’s 20,000bpd oil refinery in Lagos

The construction of a 20,000-barrels-per-day crude oil refinery in Lagos by a Nigerian petrochemical and refining company has received a major boost with the...

Nigeria’s exploration, production activities declined in 2016

According to the Organisation of Petroleum Exporting Countries (OPEC), Exploration and production (E&P) activities, which determine reserves and volume addition, have fallen significantly, as only...

Nigerian LNG cargo to arrive Portugal on August 18th

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...

Mobil Nigeria officially changes name to 11 Plc

An official has indicated that Mobil Oil Nigeria Plc has officially changed its name to 11 Plc and that the change will be implemented by...

Petroleum, gas policies not enough for oil sector revamp – Thomas

The President, Nigerian Gas Association (NGA), Mr. Dada Thomas, has said that the Federal Executive Council’s recent approval of both the National Gas Policy...

NNPC to increase FG revenue by $30bn with 4 major JV investments

The Nigerian National Petroleum Corporation (NNPC) has disclosed that the four major investments it recently embarked upon with key upstream joint venture partners are...

Nigeria’s oil output climbed to 2.06 million bpd in July – Ministry

Nigeria's petroleum ministry said Monday that the country's average oil production including condensates, increased marginally to 2.06 million b/d in July, as the OPEC...

Nigeria Lost $60bn to non-enforcement of PSCs with IOCs – Kachikwu

The Minister of State for Petroleum, Dr. Ibe Kachikwu, has said that Nigeria lost close to $60 billion to the non-enforcement of the terms...

NNPC signs alternative financing agreements with Chevron, Shell

Two sets of alternative financing agreements on Joint Venture (JV) projects to boost reserves and production in line with government’s aspiration were executed in...

Kachikwu urges Dangote to complete refinery before 2019, promises FG support

The Minister of State for Petroleum Resources, Ibe Kachikwu, while visiting the Dangote oil refinery site at Lekki Free Trade Zone, in Lagos, said...

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