Proliferation of crude loading points cause of oil theft –Expert

A maritime, oil and gas expert has blamed the worsening spate of oil theft in Nigeria to the proliferation of loading terminals in the...

Nigerian LPG seen headed to China in rare move – Traders

China is set to receive a cargo of liquefied petroleum gas from Nigeria which is slated to arrive end-October or early November in a...

Global gas body cuts Nigeria’s gas flaring by 10 bcm a year

The Global Gas Flaring Reduction (GGFR) initiative may have assisted Nigeria to reduce gas flaring by 10 billion cubic metres (bcm) per year in...

Shell reopens TNP after fire incident

The Shell Petroleum Development Company of Nigeria Limited has reopened the 28-inch line of the Trans Niger Pipeline after repairs on it have been...

Shale gas to take longer to develop than expected – Shell CEO

Royal Dutch Shell CEO Peter Voser said it will take a longer time than expected for the company to reap benefits from its shale...

Oil theft: FG begins enforcement of new berthing rules for ships

As part of measures to contain the rising wave of petroleum products theft on the nation’s maritime domain, the Federal Government is concluding plans...

Brass LNG shareholders reaffirm commitment to project

Shareholders of the multi-billion dollars Brass Liquefied Natural gas (LNG) Limited located in Brass Island of Bayelsa State, have reaffirmed their commitment to the...

OPEC shipments to fall 1.7% as refinery demand drops

The Organization of Petroleum Exporting Countries will reduce shipments through October as refiner demand drops in the northern hemisphere in autumn, according to tanker...

Experts urge investors to explore Nigeria’s gas reserves

Participants at the recent First Bank of Nigeria Capital Project & Infrastructure Finance conference have stated the need for Nigeria to ensure it pursues...

Why the world oil production outlook is negative for tanker stocks

As crude tankers often begin their journey from places in West Africa and the Middle East, OPEC (Organization of the Petroleum Exporting Countries) production...

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