Divestment of assets by IOC’s no threat to oil sector – SPE

The Society of Petroleum Engineers (SPE) has allayed fears that the continuous divestment of assets by International Oil Companies (IOCs) portends grave danger to...

Chevron worried over persistent oil theft in Niger Delta

The continued illegal oil bunkering and other related criminal activities in the Niger-Delta have remained a major headache of oil and gas multi-nationals operating...

Total developing new oil field offshore Nigeria

Total Nigeria is developing a new offshore oil field that it expects to produce 200,000 barrels a day. Friday's statement from the French oil major...

SPDC sets out its future intent for Nigeria

The Shell Petroleum Development Company of Nigeria Ltd (SPDC) as operator of the Nigerian National Petroleum Corporation (NNPC)/SPDC joint venture (SPDC JV) today announced...

Oil production drops by 150,000 barrels, as Shell shuts Trans Niger Pipeline

Nigeria faces a serious credit crunch in the months ahead as crude oil production has dropped further by 150,000 barrels per day due to...

FG refuses bailout for marginal fields operators

The Federal Government has ruled out any intervention in form of provision of bailout funds for marginal oil fields operators in Nigeria. Speaking at the...

Afren Plc hits 42,000 bpd, boosts nation’s production capacity

Afren, a major oil and gas producing firm in Nigeria has realised a daily production of 42,000 barrels per day, bpd. The Chairman, Mr. Egbert...

WorleyParsons shares rise on Nigerian oil deal

Shares in mining engineer WorleyParsons are up three per cent after a South Korean shipbuilding giant awarded it a $US100 million ($A105.97 million) offshore...

Committee will submit PIB report by July 11 —Tambuwal

The Speaker of the House of Representatives, Aminu Tambuwal, said on Tuesday the House Committee on the Petroleum Industry Bill would submit its report...

Chevron to offload more Nigeria blocks

Chevron is reportedly putting up for sale interests in three more Nigerian oil blocks, taking to five the number of assets to be auctioned...

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