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Reps pass NLNG Bill to end gas flaring, protect environment

The House of Representatives yesterday passed into law “A bill for an act to amend the Nigerian LNG (Fiscal incentive, Guarantees and Assurances) to make its statutory contribution to the NDDC fund and for other matters connected therewith.” The bill...

May 11, 2017

Green Post

Nigeria will start refining oil before 2019 – Kachikwu

The Minister of State for Petroleum Resources, Emmanuel Ibe Kachikwu, has announced that oil companies in the country will start refining crude on or before 2019. The minister made this known while speaking with state house correspondents shortly after meeting...

May 10, 2017

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NUPENG calls for dialogue to resolve Capital Oil impasse

The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has called on the Federal Government to embrace the use of dialogue to resolve the lingering impasse between the management of Capital Oil and Department of State Services (DSS), over...

May 10, 2017

Green Post

Shell’s oil production in Nigeria increases by 7% in Q1 2017

Royal Dutch Shell, has said its total production in Nigeria increased to 141,000 barrels of oil equivalent per day in the first quarter of 2017 from 132,000 bpd in the same quarter of last year, The Punch reports. The company’s...

May 9, 2017

Green Post

Nigeria lost N523 billion to gas-flaring in two years

‘Local content policy attracts N1.8tr investment’ The Federal Government has lost N523 billion to gas-flaring between 2015 and 2016, data from the Department of Petroleum Resources (DPR) and Nigerian National Petroleum Corporation (NNPC) has shown. While DPR figures showed $850...

May 8, 2017

Green Post

NNPC: Oil Companies Cut over 440,000 Jobs

The Nigerian National Petroleum Corporation (NNPC) has stated that the current downturn in the oil and gas industry has forced the industry to cut 440,000 jobs globally since 2014. In a keynote address at the recent 10th Annual sub-Saharan Africa Oil...

May 8, 2017

Green Post

Nigeria: Shell Profit Up By U.S.$2.2 Billion, to Invest U.S.$25 Billion in Nigeria, Others

Houston, U.S.A. — The net profit of Royal Dutch Shell more than doubled in the first three months of 2017, surpassing predictions by analysts as rebounding oil prices and refining gains helped to boost the company’s revenue. The company’s first...

May 5, 2017

Green Post

FG, IOCs disagree over $10bn crude overlift

…As Kachikwu assures on resolution of PSC issues. There may be no end in sight to the myriad of challenges facing Nigeria’s oil industry as both the federal government and the international oil companies, IOCs, are still at loggerheads over...

May 5, 2017

Green Post

Nigeria to seek extension of crude deal with OPEC

The Minister of State for Petroleum Resources, Ibe Kachikwu, says Nigeria will seek for a further six-month extension of its exemption from reducing oil production granted by the Organization of Petroleum Exporting Countries, OPEC. Mr. Kachikwu said this at a...

May 4, 2017

Green Post

NLPGA targets two million tonnes consumption of cooking gas

The Nigerian Liquefied Petroleum Gas Association (NLPGA), has solicited for the Federal Government’s intervention in forms of incentives to enable the country achieve two million tonnes consumption of cooking gas yearly. The NLPGA President, Dayo Adeshina, disclosed that Nigerians consumed...

May 3, 2017

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Reps pass NLNG Bill to end gas flaring, protect environment

Nigeria will start refining oil before 2019 – Kachikwu

NUPENG calls for dialogue to resolve Capital Oil impasse

Shell’s oil production in Nigeria increases by 7% in Q1 2017

Nigeria lost N523 billion to gas-flaring in two years

NNPC: Oil Companies Cut over 440,000 Jobs

Nigeria: Shell Profit Up By U.S.$2.2 Billion, to Invest U.S.$25 Billion in Nigeria, Others

FG, IOCs disagree over $10bn crude overlift

Nigeria to seek extension of crude deal with OPEC

NLPGA targets two million tonnes consumption of cooking gas

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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