Buhari declares Nigeria fully open to oil and gas investors

President Muhammadu Buhari says Nigeria is open to investments and ready to provide leadership for Africa in oil and gas, The Guardian reports. The President...

Kachikwu explains FID delay for development of $13.5bn Zabazaba oilfield

The Minister of State for Petroleum, Dr. Ibe Kachikwu, has explained the delays in the signing of the Final Investment Decision (FID) for the...

OPEC Sec Gen to visit Nigeria as part of oil sector investment drive

The Secretary General of the Organization of the Petroleum Exporting Countries (OPEC), Dr. Mohammed Sanusi Barkindo, will be leading other global oil and gas...

Nigeria still being cheated in PSC earnings by IOCs – NNRC report

A report — the 2017 Benchmarking Exercise — conducted by the Nigeria Natural Resource Charter (NNRC) has disclosed that the current earnings of the...

Nigeria “not ruffled” by oil price drop – Kachikwu

Nigerian oil minister Emmanuel Ibe Kachikwu said he was “not ruffled” by the recent oil price decline and OPEC member nations needed to focus...

Seplat in the running for acquisition of Petrobras’ Nigerian assets

Seplat, a Nigerian oil firm, is said to be among the companies bidding for Petroleo Brasileiro SA’s (Petrobras) African oilfields, and also expects to...

Nigerian oil independents on course to pump more as OPEC cap sets in

Oil Ministry data has shown that domestic independent Nigerian producers are aiming to pump almost 250,000 barrels a day more crude by 2020 as...

Kachikwu laments FG’s losses to PSCs, vows changes to contract terms

The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, on Tuesday said the country had lost a lot of money to Production Sharing...

Oil price above $80 detrimental to investments – Seplat boss

The Managing Director and Chief Executive Officer of Seplat Petroleum Development Company Plc, Mr. Austin Avuru has stressed the need for crude oil prices...

Nigeria sees oil production rise to 1.736 mb/d in January

Nigeria’s oil output increased by 167,000 barrels per day (b/d) or 10.6 percent to 1.736 million barrel per day (mb/d ) in the month...

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