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Nigeria loses N417bn to oil production disruption in February

Nigeria’s oil industry lost an accumulated 27.3 million barrels in the month of February to production disruptions arising from pipeline vandalism, The Guardian reports. With the current Brent crude oil price put at $50 per barrel, the country lost about...

June 11, 2017

Green Post

$21.7 billion crude oil proceeds not remitted in four years, NEITI tells Reps

NEITI’s Executive Secretary, Mr. Waziri Adio, also claimed that the $15.8 billion Nigeria Liquefied Natural Gas (NLNG) Federal Government dividend proceeds is yet to be accounted for. Adio made the startling revelation while testifying before the Mr. Abdulrazak Namdas led...

June 8, 2017

Green Post

Nigerian crude oil exports threaten market balance

Oil export operations in Nigeria are back in service following repairs, a division of Royal Dutch Shell said, adding to lingering supply-side concerns. A spokesperson for the Shell Petroleum Development Company of Nigeria Ltd said the company lifted force majeure,...

June 8, 2017

Green Post

OPEC Production Spikes – Has The Cheating Begun?

OPEC’s crude oil production increased by 270,000 bpd in May over April, to stand at 32.12 million bpd–the highest level since January this year–as exempt Libya and Nigeria saw their respective output sharply recovering, according to an S&P Global Platts...

June 7, 2017

Green Post

Nigeria: $17bn Undeclared Proceeds – Revenue Agencies Lack Clout to Verify NNPC Crude Oil Claims CBN, FIRS, Customs Rely On Available Information

Abuja — It emerged Monday that revenue agencies do not bother to investigate and confirm claims on crude oil production and sale by the Nigerian National Petroleum Corporation ((NNPC). At the resumed hearing of the ad-hoc committee investigating the $17...

June 7, 2017

Green Post

‘Nigeria’s oil output will remain low’

Nigeria’s oil production would remain down throughout the first quarter of 2018, if the restiveness in the Niger Delta region is not addressed, the United States Energy Information Administration (EIA) has warned. The agency, in a report on its website,...

June 5, 2017

Green Post

NUPENG Vows To Shut Oil Industry

NIGERIA Union of Petroleum and Natural Gas Workers, NUPENG, weekend, vowed to shut down the oil sector and the entire country, should the Federal Government go ahead to hand over the Port Harcourt Refineries and Petrol Chemicals, PHRC, to Oando...

June 5, 2017

Green Post

UPDATE 1-Nigeria’s June oil exports poised to hit 15-month high on Forcados plan

Nigeria issued its first Forcados oil loading plan since 2016, putting the nation’s June oil exports on track to hit their highest level in at least 15 months. The plan, if realised, would return loadings by Nigeria, normally West Africa’s...

June 3, 2017

Green Post

New Business Insight

New business insight : In a bid to build an integrated energy company dedicated to delivering quality service geared towards our customer satisfaction and meet up with the increasing demand and expanding industry especially in the South South & South...

June 2, 2017

Green Post

PIGB 2017 – Objectives

PIGB 2017 – Objectives The PIGB 2017 passed by the Senate on May 25, 2017, has the following objectives: create efficient and effective governing institutions with clear and separate roles for the petroleum industry; establish a framework for the creation...

May 31, 2017

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Nigeria loses N417bn to oil production disruption in February

$21.7 billion crude oil proceeds not remitted in four years, NEITI tells Reps

Nigerian crude oil exports threaten market balance

OPEC Production Spikes – Has The Cheating Begun?

Nigeria: $17bn Undeclared Proceeds – Revenue Agencies Lack Clout to Verify NNPC Crude Oil Claims CBN, FIRS, Customs Rely On Available Information

‘Nigeria’s oil output will remain low’

NUPENG Vows To Shut Oil Industry

UPDATE 1-Nigeria’s June oil exports poised to hit 15-month high on Forcados plan

New Business Insight

PIGB 2017 – Objectives

GAS SUPPLY CRISIS IN NIGERIA MAY CAUSE WORKERS’ DISMISSAL.

THE NNPC AND ITS POSSIBLE IMPACT ON NIGERIAN ENERGY.

THE THRIVING LAGOS FUEL SCARCITY DILEMMA

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