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...

NNPC to increase FG revenue by $30bn with 4 major JV investments

The Nigerian National Petroleum Corporation (NNPC) has disclosed that the four major investments it recently embarked upon with key upstream joint venture partners are...

Nigeria’s oil output climbed to 2.06 million bpd in July – Ministry

Nigeria's petroleum ministry said Monday that the country's average oil production including condensates, increased marginally to 2.06 million b/d in July, as the OPEC...

Nigeria Lost $60bn to non-enforcement of PSCs with IOCs – Kachikwu

The Minister of State for Petroleum, Dr. Ibe Kachikwu, has said that Nigeria lost close to $60 billion to the non-enforcement of the terms...

NNPC signs alternative financing agreements with Chevron, Shell

Two sets of alternative financing agreements on Joint Venture (JV) projects to boost reserves and production in line with government’s aspiration were executed in...

Oando PLC announces H1 2017 operational and financial results

Oando PLC (referred to as “Oando” or the “Group”), Nigeria’s leading indigenous energy group listed on both the Nigerian and Johannesburg Stock Exchange, today...

Kachikwu says Nigeria will stop oil production if cost remains high

The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, in his address at the opening ceremony of the Nigeria Annual International Conference and...

Shell sets out upcoming FID plans for Nigeria, others

Shell is targeting project sanctions in Nigeria, UK North Sea, China and US Gulf, with two LNG developments also seen, Upstream reports. Following the release...

FG extends JV cash call exit deadline to December 2017

The Federal Government has shifted the deadline for the exit of the joint venture (JV) cash call arrangement with oil companies to the end...

Army frees some Nigerian oil workers kidnapped by Boko Haram

An official has said that at least seven persons kidnapped by Boko Haram on Tuesday have been freed, Premium Times reports. It was reported earlier...

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