IEA downplays Nigeria’s plans to export refined products

Projections that Nigeria will begin to export refined petroleum products by 2016 may not materialize after all, as the International Energy Agency, IEA, yesterday,...

Nigeria’s oil output down to 1.96mbd – IEA

Nigeria’s crude oil output declined to a six-month low of 1.96 million barrels per day, mbd, according to the International Energy Agency, IEA. This means...

Nigerian oil and gas deposits to deplete within 40 years

A professor of Medicine and sustainable environment advocate, Prof. Vincent Idemyor, has predicted that Nigerian oil and gas deposits, particularly in the Niger Delta...

Samsung Heavy wins $3bn FPSO platform order from Nigeria

South Korean shipbuilder Samsung Heavy Industries said Thursday it had won a $3.0 billion order to build a giant offshore oil storage platform in...

Nigeria needs robust policy to be able to harness gas potential – UK

The United Kingdom has advised Nigeria to develop a robust policy with strong legal framework to harness its huge gas reserves. The British Deputy High...

Nigeria’s OML 30 back producing over 35,000b/d according to Heritage Oil

Heritage Oil reported Wednesday its Oil Mining Lease, OML, 30 concession in Nigeria is back to producing more than 35,000 barrels of oil per...

Shell lifts force majeure on LNG from Bonny Island

The Royal Dutch Shell has lifted a force majeure measure on liquefied natural gas, LNG, exports from Bonny Island which was in place for...

DPR uncovers ghost filling stations, diversion of fuel allocations in Bayelsa

The authorities of the Department of Petroleum Resources (DPR) has released the result of an audit of petrol stations in Bayelsa State,announcing the discovery...

Dangote seals 20 year gas supply deal with NGC

A move aimed at conserving energy through cost saving measures was yesterday realized as Dangote is set to convert 5,000 of its trucks from...

Federal Government set to tackle Aturu’s deregulation suit

Having been caught unaware at the lower court, the federal government has fortified its legal team to challenge the decision of Justice Adamu Bello...

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