FG delays renewal of oil lifting contracts

The Federal Government has delayed, without giving notice, the renewal of crude oil lifting contracts for the 2013/2014 period which is supposed to have...

The long road to Nigeria’s oil industry’s growth

The political intrigues in Nigeria may have emerged the cankerworm that has not only eaten into the fabrics of the nation’s democracy, but also...

Oil producing countries to provide 40 mbpd to meet global demand

The International Energy Agency (IEA) has indicated that the world needs 40 million barrels of oil per day production capacity between 2013 and 2035...

Publicise oil prospecting licences, NEITI tells DPR

The Nigeria Extractive Industries Transparency Initiative has called on the Department of Petroleum Resources to place all oil prospecting licences and mining leases in...

Shell to begin divestment of onshore assets in the Niger Delta

Indications have emerged that Shell Petroleum Development Company, SPDC, has begun a fresh divestment of its onshore assets in Rivers State as part of...

Govt advised to seek more oil, gas buyers

The Federal Government has been advised to look for buyers for its crude, following the discovery of Shale Gas in the United States. The President,...

Crude oil theft occurs at well heads – NNPC

The Nigerian National Petroleum Corporation (NNPC) has said there was no recorded incident of crude oil theft at the export terminals, stressing that all...

DPR moves to release data on 76 non-producing oil blocks

Apparently worried that local and foreign companies that won 76 of the 77 oil blocks put on offer during the licensing rounds conducted by...

Chevron’s sale of OMLs 83, 85 to be a one day auction affair

Chevron’s sale of its 40% stakes in Oil Mining Leases (OMLs) 83 and 85, in Nigeria’s shallow offshore, will be a one day auction....

Lekoil provides update on Afren-operated Ogo-1 sidetrack well in OPL 310

AIM-listed Lekoil, the oil and gas company with a focus on Nigeria and West Africa, has announced that, further to the announcement of 26...

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