Total awards Egina contracts to Saipem, FMC

Total S.A. subsidiary Total Upstream Nigeria Ltd. awarded contracts to Saipem S.p.A. and FMC Technologies for the subsea Egina field development Tuesday. Under a contract valued...

Shell contractors arrested by JTF for oil theft

Contractors working for a Royal Dutch Shell Plc (RDSB) unit have been arrested in Nigeria as alleged accomplices in the theft of oil that...

NNPC relays fears over US shale oil discovery

The discovery of shale oil by the United States to meet its domestic crude oil needs may adversely affect Nigeria’s revenue. As a result, the...

NNPC pledges better management of transferred assets

NNPC/NPDC has expressed its readiness to professionally and efficiently run the assets and oil mining leases transferred to them by SPDC. NNPC Group Managing Director,...

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...

SUBSCRIBE TO LATEST ENERGY NEWS

Read the latest energy industry news and researched articles
for oil and gas, power generation, renewable energy, events and more...