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BPE Oblivious of Agip/Oando Planned Concession of P’Harcourt Refinery

The Bureau of Public Enterprises (BPE) is ignorant of the proposed rehabilitation and operation under a concession arrangement of the 210,000 barrels per day (bpd) Port Harcourt Refinery by oil firms – Nigeria Agip Oil Company (NAOC) and Oando Plc,...

May 24, 2017

Green Post

Iraqi Minister: OPEC May Ask Nigeria to Cut Oil Output

Iraq’s oil minister, Jabar Ali al-Luaibi, has indicated that Nigeria and Libya may be asked to cut oil productions in the new supply cut deal to be reached by the Organisation of Petroleum Exporting Countries (OPEC). Speaking at a press...

May 23, 2017

Green Post

Oando unfriendly to workers – NUPENG condemns MoU with FG

Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, has opposed the recent Memorandum of Understanding, MOU, entered into by the Federal Government and Oando Plc to manage Port Harcourt Refinery under repair, operate and maintain, ROM arrangement, saying the...

May 18, 2017

Green Post

Nigeria: Govt to Terminate Six Abandoned Projects in Niger Delta

The Ministry of Niger Delta Affairs has concluded arrangements to terminate about six abandoned projects spread across the region with a view to enhance the development of the region. The Minister, Uguru Usani, made this known while receiving the report...

May 17, 2017

Green Post

Nigeria’s Q1 refinery output boosted by Niger Delta peace -NNPC

YENAGOA, Nigeria May 17 (Reuters) – Nigeria’s refineries processed 10 million barrels of crude oil in the first quarter, more than they did for the whole of 2015, after talks with militants reduced attacks on facilities, the head of the...

May 17, 2017

Green Post

Nigeria to begin oil exploration in Chad Basin

The Nigerian National Petroleum Corporation (NNPC) has announced plans to commence oil exploration in the Chad Basin, which was recently liberated from Boko Haram. It said its decision is based on the assurance of the military that the area is...

May 16, 2017

Green Post

Fresh NLNG cargo to arrive in Portugal on May 16

REN-operated Sines LNG import terminal in Portugal is to receive a new cargo of the chilled fuel from Nigeria, LNG World News reports. The cargo will be delivered from Nigeria LNG’s Bonny Island liquefaction plant onboard the LNG Borno liquefied...

May 15, 2017

Green Post

Nigeria May Lose $106m Daily To Crude Export Facility Closure

The lingering crisis between members of the petroleum and natural gas senior staff association of Nigeria (PENGASSAN) and the management of mobil producing Nigeria unlimited, the Nigerian arm of ExxonMobil may cost the nation a huge loss of $106.4 million...

May 15, 2017

Green Post

Nigeria’s oil production rose by 274,000 barrels per day in April – OPEC

Crude oil production in Nigeria rose by 274,000 barrels per day in April, the Organisation of Petroleum Exporting Countries, OPEC, said on Thursday. The increase, OPEC said, represents the biggest increase among countries within the oil producers’ group. According to...

May 12, 2017

Green Post

Again, oil prices hit over $50 per barrel

lagos—Nigeria’s Bonny Light and other crude oil grades have risen from $49 per barrel to over $50 per barrel in the global market following a significant drop in the inventories of United States yesterday. A survey of the oil markets...

May 11, 2017

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BPE Oblivious of Agip/Oando Planned Concession of P’Harcourt Refinery

Iraqi Minister: OPEC May Ask Nigeria to Cut Oil Output

Oando unfriendly to workers – NUPENG condemns MoU with FG

Nigeria: Govt to Terminate Six Abandoned Projects in Niger Delta

Nigeria’s Q1 refinery output boosted by Niger Delta peace -NNPC

Nigeria to begin oil exploration in Chad Basin

Fresh NLNG cargo to arrive in Portugal on May 16

Nigeria May Lose $106m Daily To Crude Export Facility Closure

Nigeria’s oil production rose by 274,000 barrels per day in April – OPEC

Again, oil prices hit over $50 per barrel

The Global Gas Tug-of-War: Volatility, Recovery, and Nigeria’s $24 Billion Power Move

Oil Market Reacts To Iran’s Opening Of Strait Of Hormuz

Hormuz Standoff Continues To Disrupt Oil Supply Despite Talks

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