NNPC’s Duke Oil to handle 80% of oil sales; to also bear costs, risks

The Nigerian National Petroleum Corp (NNPC) intends to handle up to 80% of the country's crude oil lifting contracts via its trading arm in...

Spot deals slow as Nigeria crude loadings for November compete with storage

Spot trading was limited on Wednesday as fresh loadings competed with offers from storage and leftovers from the October loading plan. Traders said differentials...

Stakeholders seek effective legislation for development of Nigeria’s gas sector

Operators in the Nigerian oil and gas sector at the opening session of a three-day Nigeria Gas Summit 2017, which started yesterday in Lagos,...

Nigerian crude exports to Asia at risk as region develops increasing taste for U.S....

As plunging regional output starves Asian oil buyers of high-quality crude, they are developing a taste for United States' (U.S.) oil even over Nigerian...

West African Gas Pipeline’s unmet regional gas demand hits 700mmscf/d

The West African Gas Pipeline Company (WAGP) needs about 700 million standard cubic feet per day (mmscf/d) to meet regional demand which cuts across...

Trading limited as Nigerian November crude programmes trickle out

Nigerian November loading programmes continued to emerge on Monday while trade overall was limited due to a wide spread between the European and Asian...

Seven Energy finalizes Calabar gas sales agreement

Seven Energy International Limited (“Seven Energy” or the “Group”), the leading integrated gas company in south east Nigeria, with upstream oil and gas interests...

Power firms, gas producers at loggerheads over dollar-denominated pricing

The denomination of the price of gas sold to electricity generation companies in United States dollars is sending ripples across the entire value chain...

Ghana inks another LNG deal with Gazprom as it seeks to reduce reliance on...

In further efforts to see Ghana wean itself off gas supply from Nigeria via the West African Gas Pipeline, the Ghana National Petroleum Corporation's...

Oil traders begin emptying key crude storage hub

Oil traders are emptying one of the world’s largest crude storage facilities, located near the southernmost tip of Africa, as the physical market tightens...

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