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NPDC to raise Nigeria’s oil production by 320,000bpd

Nigeria’s crude oil production is expected to increase by 320,000 barrels per day (bpd) by 2020 from different Oil Mining Lease (OML) in the Niger Delta region This increase, which would be coming from Nigerian Petroleum Development Company (NPDC), a...

September 27, 2017

Uncategorized

Senate may probe NNPC’s planned Ajaokuta-Kaduna-Kano gas pipeline contract

The Senate, yesterday, said it would carry out a holistic investigation into the proposed award of the Engineering, Procurement and Construction (EPC) contracts of Ajaokuta- Kaduna-Kano(AKK) Gas Pipeline, totalling $2.317 billion (N834.12 billion), to the highest bidders once it discovered...

September 24, 2017

Uncategorized

Nigeria: Dangote – We Should Pray Oil Prices Stay Low

Africa’s richest man, Aliko Dangote, has told a packed room in New York that he is hoping that oil prices will remain low to wean Nigeria away from its dependence. He said agriculture should be the focus of government, as...

September 21, 2017

Uncategorized

After Boko Haram attack, Nigerian govt turns to Sokoto Basin for oil search

Few months after the terrorist group in the north eastern part of the country, Boko Haram, ambushed and killed some lecturers from the University of Maiduguri who were part of a Nigerian National Petroleum Corporation, NNPC, oil exploration team in...

September 20, 2017

Green Post

UK, China, Togo increase petroleum import from Nigeria

United Kingdom (U.K.), China, and Togo, increased their import of crude oil from Nigeria in the month of May 2017, according to import destination report of the Nigerian National Petroleum Corporation (NNPC). Giving a breakdown of oil export to the...

September 20, 2017

Green Post

Nigeria: Kachikwu – $100 Oil Impossible in 2018

Abuja — The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu has said it would not be possible for the price of crude oil to rise to $100 per barrel in 2018 as the current market conditions did not...

September 19, 2017

Green Post

FG to meet with NUPENG over strike

The Federal Government says it will meet with the Nigeria Union of Petroleum and Natural Gas Work, (NUPENG) on Tuesday toward apprehending the ongoing industrial action embarked by the union. The Minister of Labour and Employment, Sen. Chris Ngige, said...

September 19, 2017

Green Post

Good News Nigeria: Oil prices hold steady

In what is sure to be good news for Nigeria, Crude prices are holding strong in the international market. Oil markets were firm on Monday and remained near multi-month highs reached late last week as the number of U.S. rigs...

September 18, 2017

Green Post

FG’s N720bn debt threatens oil workers’ jobs

The Petroleum and Natural Gas Senior Staff Association of Nigeria has alleged that oil marketers may have concluded plans to sack their workers if the Federal Government fails to settle the N720bn debt owed the marketers. PENGASSAN said this in...

September 18, 2017

Green Post

Despite Cap Agreement Exemption, Nigeria Still Under OPEC Pressure

After voluntarily agreeing to participate in the decision of OPEC and its non-members to cap oil production levels to stabilise price, Nigeria reaffirms commitment to the agreement in the face of fresh pressure. Chineme Okafor writes After a December 2016...

September 17, 2017

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NPDC to raise Nigeria’s oil production by 320,000bpd

Senate may probe NNPC’s planned Ajaokuta-Kaduna-Kano gas pipeline contract

Nigeria: Dangote – We Should Pray Oil Prices Stay Low

After Boko Haram attack, Nigerian govt turns to Sokoto Basin for oil search

UK, China, Togo increase petroleum import from Nigeria

Nigeria: Kachikwu – $100 Oil Impossible in 2018

FG to meet with NUPENG over strike

Good News Nigeria: Oil prices hold steady

FG’s N720bn debt threatens oil workers’ jobs

Despite Cap Agreement Exemption, Nigeria Still Under OPEC Pressure

Gas Supply Constraint Throws Geometric Power Into Blackout

Nigeria eyes $20bn in investments from 70 priority gas projects

Nigeria opens 2025 licensing round December, targets gas assets

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