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...

Works have begun on freshly damaged pipeline, gas supply to resume today – NNPC

The Nigerian National Petroleum Corporation (NNPC) Group Managing Director, Dr. Maikanti Baru, has directed that repair works should be executed immediately on the Escarvos...

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...

Oil price hits fresh three-year high of $69

Crude futures held at fresh three-year highs in European morning trading Thursday, as a larger-than-expected draw on US crude stocks continued to outweigh signs...

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...

Obaseki signs 5,500bpd Edo modular refinery deal with Sinopec, others

The Governor of Edo State, Mr. Godwin Obaseki, on Wednesday in China, signed a Memorandum of Understanding (MoU) with a Chinese consortium for a...

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...

U.S. oil output set to rival giant producers; Russia, Saudi Arabia

The U.S. may challenge Saudi Arabia and Russia in the next two years in the race to become the world’s largest oil producer, Bloomberg...

Swedish refiner Preem purchases Nigerian Escravos from Mercuria

Crude spot dealing has been limited by pending tenders, though one European refinery purchased a cargo of Nigerian oil, Reuters reports. Swedish refiner Preem purchased...

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