Nigeria’s crude oil export dips by N4.4trn over 9 months – NBS

A sharp decline was recorded in revenue accruable to the Federal Government from the petroleum sector, as the country’s earnings from crude oil exports...

Repair work on Nigeria’s Forcados oil pipeline to last till June

Repair work on the pipeline feeding Nigeria's Forcados crude oil to the export terminal is expected to take until June just as Shell whose local affiliate...

Marginal Fields: Bayelsa, Eurafric, 10 others, yet to commence production

Out of the 29 marginal fields awarded by the Federal Government since 2003, Bayelsa Oil, Eurafric Limited, Network Exploration and Production Limited and nine...

Shell suffers Q3 profit losses from project write-offs

Royal Dutch Shell highlighted in its third quarter financial report that its upstream oil and gas production division suffered a loss for the first...

EFCC sets up four-man panel to probe Alison-Madueke

The Economic and Financial Crimes Commission has commenced a full investigation into the activities of the immediate past Minister of Petroleum Resources, Mrs. Diezani...

Oil, gas in commercial quantities confirmed in Bida basin, Niger State

The standing committee set up by the Niger State government to fast-track exploration and exploitation of hydrocarbon (oil and gas) deposit in the Bida...

COPL working to raise funds for OPL 226 drilling by end of Q3

Canadian Overseas Petroleum Limited (“COPL” or the “Company”) (XOP: TSX-V) & (COPL: LSE), an international oil and gas exploration and development company focused on...

OPEC to cut production by 500,000 barrels

The Organisation of Petroleum Exporting Countries(OPEC) may cut oil production by half a million barrels a day when its meets in December, the International...

Panoro says Aje field to produce first oil ‘shortly’

Panoro Energy, an independent oil and gas E&P company focused on West Africa, has informed that the Aje oil field offshore Nigeria is in the...

Marginal Oil Fields Development In Nigeria: Status, Constraints, Prospects & Way Forward

The recent announcement of the second licensing round for 31 marginal oil fields by the Petroleum Minister has come 12 years after the previous...

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