Sirius Petroleum agrees on financing of Ororo field with BP

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

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...

Foreign interests allegedly ferment terrorist attacks over Lake Chad oil deposits

Fresh insights have emerged on why the Boko Haram terrorists have renewed their onslaught against the Nigerian military. Impeccable sources have revealed that crude...

Chinese banks commit funds to Nigerian oil and gas projects

In its bid to support the Federal government’s aspiration to increase power generation to 10GW, the Nigerian National Petroleum Corporation (NNPC) has unveiled plans...

Uruguay, Brazil pick up Nigerian crude but arbitrage remains in question

Strong refinery margins kept demand elevated, enabling several more Nigerian cargoes to trade. But gains in dated Brent were closing off some arbitrage routes...

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...

COPL working to raise funds for OPL 226 drilling by end of Q3

Canadian Overseas Petroleum Limited (“COPL” or the “Company”) (XOP: TSX-V) & (COPL: LSE), an international oil and gas exploration and development company focused on...

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...

Nigerian crude cargoes trade swiftly, but differentials to Brent falter

Cargo offer differentials softened slightly this week for Nigerian crude, though barrels continued to trade relatively quickly. Strong demand from refineries worldwide was keeping...

Pan Ocean’s Amukpe pipeline to boost Nigeria’s oil exports by 160,000bpd

Pan Ocean’s Amukpe-Escravos Pipeline Project (AEPP) in Delta State, which is scheduled to come on stream before the end of the third quarter of...

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