Crude oil output fluctuates between 2.2m and 2.3m bpd, says NNPC

Barely three years after the Amnesty Programme introduced by the federal government for repentant militants curbed the destructive attacks on oil workers and facilities,...

A new vista for Nigerian oil and gas independents

International oil companies have hinged their decisions to divest from onshore oil blocks on the need to restructure their asset portfolios as well security...

Nigerian crude values dip as prompt barrels struggle to sell

The Federal Government which has been experiencing dwindling revenue profile from crude oil sales is in for more trouble as the value of the...

Experts predict hard times ahead for Nigeria’s oil, gas sector

For the Nigerian economy, at a time like this, it does not only rain, it pours, what with the growing list of the woes...

Brittania-U: Our bid for Chevron blocks reflects independent evaluations

A wholly-owned indigenous Exploration and Production (E&P) company, Brittania-U Nigeria Limited, has stated that its submission of the bids for the three Chevron oil...

FTZ attracts additional N32bn investment

The Federal Government yesterday said that Onne Oil and Gas Free Zone has attracted fresh N32 billion investment into the country in the last...

Indigenous operators’ll buy more IOC assets – Seplat boss

The Chairman, Seplat Petroleum Development Company, Dr. A.B.C. Orjiako, has said that indigenous exploration and production companies will remain the preferred buyers in onshore...

Firm strikes oil in Northern Niger Delta

Newcross Petroleum Limited, the Operator of OPL 283 (formerly OML56) under a Production Sharing Contract with Nigeria National Petroleum Corporation (NNPC) (as the concessionaire),...

Debate on Shell, Chevron blocks’ sale on Nigeria’s oil industry

The Federal Government last Wednesday broke its silence on the sale of stakes in oil blocks by International Oil Companies in Nigeria. The Nigerian...

Shale oil: ‘Nigeria should focus more on agric, manufacturing, power’

Against the backdrop of continued drop of United States’ (US) imports of crude oil from Nigeria as a result of the US shale oil...

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