Bumi permits oil flow from Oyo field into FPSO tanks despite Erin debts

Bumi Armada Berhad’s (“Bumi Armada” or “the Company”) announcement dated 21 June 2017 on the above matter refers. Despite numerous discussions with Erin Petroleum Nigeria...

Erin Energy says Pacific Bora drilling rig has arrived Oyo field

Erin Energy Corporation (Erin Energy or the Company) has announced the arrival of the Pacific Bora drilling rig to the Oyo field offshore Nigeria....

NNPC to clear JV cash call debts by April 2018 – Baru

The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has indicated that the corporation will clear its cash call debts to its...

Reps to invite Kachikwu as refineries go moribund 6 months after refurbishment

The House Representatives on Monday said it would invite Minister of State for Petroleum, Dr. Ibe Kachikwu, to explain why the four refineries that...

Nigeria requires N3.05tr to increase oil production – Kachikwu

Nigeria’s oil and gas industry would require $10 billion (N3.05 trillion) over the next three years to increase crude oil production from 2.2 million...

Belemaoil to hit 30,000bpd by Q4 2017

The Managing Director of indigenous oil firm, Belemaoil Producing Limited, Mr. Boma Brown has said that the company is expecting to hit a total...

Dangote fertiliser plant to commence operations in Q1 2018

Africa’s richest man and President of Dangote Group, Alhaji Aliko Dangote has said that the construction of the fertilizer plant at Dangote Refinery and...

Kachikwu warns that FG may eventually sell NNPC’s refineries as scrap metal

The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu has stated that the federal government might sell the country’s refineries as scrap metals...

Petroleum, gas policies not enough for oil sector revamp – Thomas

The President, Nigerian Gas Association (NGA), Mr. Dada Thomas, has said that the Federal Executive Council’s recent approval of both the National Gas Policy...

FG completes 1,000km gas pipeline with another 1,870km on the way

Determined to push enough gas to the power sector to ensure adequate generation of electricity, the Federal Government has laid and commissioned 1,000 kilometres...

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