NNPC prioritizes security of onshore, shallow waters assets to maintain oil production

The Nigerian National Petroleum Corporation (NNPC) Wednesday disclosed that it has prioritized security over oil assets located in Nigeria’s onshore and shallow waters, to...

WAPCo seeks new gas supply from Lagos oil field

The West Africa Pipeline Company Limited has said it is looking to capture new gas supply from Nigeria, with a focus on the Aje...

Prices of petroleum products high in May

Average price paid by consumers for Premium Motor Spirit (PMS) also known as petrol, increased by 0.5 per cent month-on-month from N149.9 in April...

Shell is reviewing its Nigeria strategy but not quitting – MD

Nigeria’s oldest energy company, Shell, has said it is reviewing its Nigeria strategy but that it does not involve quitting the country, Daily Trust...

Nigerian exports rebound, set to hit 2million bpd in August

Loading plans showed on Wednesday that Nigeria's August loading plan hit its highest since before the early 2016 Forcados force majeure, Reuters reports. Nigeria's August exports...

Indonesian firm to build 10,000 bpd refinery in Akwa Ibom

The Federal Government’s plan to attract investment in modular refineries as part of efforts to boost local refining capacity has started gaining momentum with...

Bumi suspends Oyo FPSO over Erin debts

Bumi Armada Berhad’s ("Bumi Armada" or the "Company") wholly-owned subsidiaries, Bumi Armada (Singapore) Pte Ltd (“BASPL”) and Armada Oyo Limited (“AOL”), have each issued...

Julius Berger partners Petrolan as it diversifies into oil and gas sector

Julius Berger Nigeria Plc (JBN) has indicated its intention of diversifying into the oil and gas industry through a notice sent to the Nigerian...

Nigeria spends $28bn annually on petrol importation – Kachikwu

The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said that Nigeria allocates an average of $28 billion of her foreign exchange...

Downstream oil pipeline vandalism dropped by 12% in April – NNPC

The extensive engagement with oil and gas community stakeholders embarked upon by the Federal Government and the Nigerian National Petroleum Corporation, NNPC has continued...

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