OIL & GAS

OIL & GAS

Nigeria's oil output
COVER NEWSLETTER OIL & GAS

The Nigerian National Petroleum Corporation (NNPC) said it would increase its stake in a Chevron-operated gas-to-liquid (GTL) refinery to 60 per cent as part of a cost dispute ...
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NNPC
COVER NEWSLETTER OIL & GAS

The Nigerian National Petroleum Corporation (NNPC) has disclosed that it recorded more breaks on its oil pipelines across the country in September, with 28 (or by 18%), compared ...
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Border Closure
COVER NEWSLETTER OIL & GAS

Ibrahim Ciroma, Adamawa state operations controller of the Department of Petroleum Resources (DPR), says the number of trucks entering Adamawa on a daily basis has reduced from 100 ...
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DPR Unveils New Guidelines
COVER NEWSLETTER OIL & GAS

The Department of Petroleum Resource (DPR) has launched its new guidelines of operations for the upstream sector of the Nigerian oil and gas industry. The regulatory document is ...
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Forte Oil Announces Change of Name
NEWSLETTER OIL & GAS

Forte Oil Plc has announced a change of name of the company to Ardova Plc. In a notice filed at the Nigerian Stock Exchange on Wednesday, the company ...
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Nigeria's Petrol Importation
COVER NEWSLETTER OIL & GAS

Nigeria spent a whopping N1.13 trillion on petrol importation between January and September 2019, latest report released by the National Bureau of Statistics (NBS) revealed. The report stated that Nigeria ...
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DPR Seals off four LPG Plants
COVER NEWSLETTER OIL & GAS

The Department of Petroleum Resources (DPR) on Wednesday sealed off four Liquefied Petroleum Gas (LPG) plants, over non-compliance and illegal operations in Lagos. Officers of the Nigeria Security ...
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Seplat
LEGAL NEWSLETTER OIL & GAS

Seplat Petroleum Development Company Plc has announced the approval of the court on its acquisition of Eland Oil Plc. In a notice filed at the Nigerian Stock Exchange ...
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NNPC
COVER NEWSLETTER OIL & GAS

The Nigerian National Petroleum Corporation (NNPC) has signed a partnership with Nigeria Agip Oil Company (NAOC) to boost reserve base. In a statement released by the corporation, the Group Managing Director ...
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INEC
COVER NEWSLETTER OIL & GAS

The Federal High Court in Abuja on Monday ordered the transfer of Soku oil field from Bayelsa State to its rightful owner, Rivers State. Delivering judgment in a ...
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NNPC
COVER OIL & GAS

The Nigerian National Petroleum Corporation (NNPC) said it made ₦5.20bn trading surplus for the month of August, reflecting an increase of 22 percent, compared with the ₦4.26bn surplus ...
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FG
COVER NEWSLETTER OIL & GAS

Group targets $30bn annual revenue The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, has stated that the 650, 000 per day Dangote Refinery and Petrochemical ...
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NLNG
COVER NEWSLETTER OIL & GAS

The Nigeria LNG Limited (NLNG), Friday signed what it called “the first Basic 20-year term” of Gas Supply Agreements (GSAs) with International Oil Companies (IOCs) operating in Nigeria ...
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Petrol Importation
COVER NEWSLETTER OIL & GAS

The Federal Government has set a 2023 deadline to stop the importation of petrol into the country. Nigeria, an oil-producing country has been heavily dependent on the importation ...
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Omar Farouk Ibrahim
COVER NEWSLETTER OIL & GAS

The African Petroleum Producers Association has appointed Dr. Omar Farouk Ibrahim as its new Secretary-General. Before the appointment, Ibrahim was a Group General Manager, International Energy Relations for ...
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NLNG
COVER NEWSLETTER OIL & GAS

Oil market to remain oversupplied, says IEA Commodities trader, Vitol, has signed a 10-year deal with Nigeria Liquefied Natural Gas (NLNG) to buy 500,000 tonnes of LNG per ...
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Senate
COVER NEWSLETTER OIL & GAS

The lawmakers in the Senate are set to probe the Petroleum Products Pricing Regulatory Agency (PPPRA) over its failure to remit N800 billion to the Federal Roads Maintenance ...
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Crude Oil Prices
COVER NEWSLETTER OIL & GAS

Oil prices edged higher on Thursday with the market mood switching to relief as OPEC forecast a supply deficit next year, from doom and gloom over data showing ...
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NNPC
COVER NEWSLETTER OIL & GAS

Records 45,347 pipeline breaks in 18 years The Nigerian National Petroleum Corporation (NNPC) has unveiled plans to mitigate the raging twin menace of pipeline vandalism and crude oil ...
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Crude Oil
NEWSLETTER OIL & GAS

Oil prices slipped on Tuesday for a second straight session as the cons of a slowing global demand outlook outweighed the pros of OPEC’s agreement with associated producers ...
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