Eni cuts 2013 production outlook, blames Nigeria, Libya

Italian oil major, Eni, on Wednesday cut its oil and gas production outlook for 2013 citing continuous disruptions in Nigeria and Libya. The company said...

Banks ‘ready to fund Brittania-U’s acquisition of Chevron assets’

With the emergence of Brittania-U Nigeria Limited as the winner of the bids for three Chevron oil blocks, it has been reliably gathered that...

Proserv names country manager for Nigeria

International energy technology services company Proserv has reinforced its expanding global reach by appointing a country manager in one of West Africa’s fast-emerging provinces. Olu...

Global energy demand to rise by 52% in 2035 –El-Badri

The global energy demand is set to rise by 52 per cent in 2035. The Secretary General of the Organisation of Petroleum Exporting Countries,...

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...

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