Concern mounts over Nigeria’s exemption from OPEC cuts deal

With Nigeria’s oil output recovering to its highest level in more than a year, industry analysts have raised concern over the country’s exemption from...

France to invest over 1bn Euros in Nigeria’s oil and gas sector

The French Government has said that it has set aside about one billion euros to be invested in the Nigeria Oil and Gas industry,...

Oil majors to divert capital from upstream to renewables – Wood Mac

A new report by Wood Mackenzie has predicted that capital will increasingly be diverted by the oil majors from the upstream sector to build...

Energia CEO says excess oil supply, unstable market affecting operations

In an interview with Mr. Felix Amieyeofori, Managing Director of Energia Limited, he disclosed that excess oil supply, oil market instability and other issues...

Total E&P Nigeria enters contract with Golden Energy for PSV

Total E&P Nigeria has awarded Golden Energy Offshore, a Norway-based shipowner and operator of offshore service vessels, a three-month contract for one of its...

Nigeria lost N131.8bn as oil production dropped in Q1

An analysis of various reports from the Nigerian National Petroleum Corporation (NNPC) has shown that the total volume of crude oil produced in Nigeria...

Century Energy, two other marginal field operators close to first oil

Three Nigerian independents and marginal field operators; Century Energy E&P, Excel E&P and Millenium Oil and Gas have all shown indications that they are...

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...

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...

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