NLNG hit by crude oil theft, pipeline sabotage, output shrinks
Nigeria LNG (NLNG) plant is producing at up to 68% of its capacity due to theft of crude oil and…
Oil bulls retreat as economic outlook darkens
Investors continued to liquidate bullish long positions in petroleum last week as the economic outlook deteriorated though the rate of…
Nigeria to pump 1.82mbpd as OPEC+ sticks with August hike
The Organization of Petroleum Exporting Countries and its allies, (OPEC+), yesterday, agreed to proceed with a 648,000 b/d increase in…
Nigeria sell $1bn worth of gas to Portugal – NNPC boss
The Nigerian National Petroleum Company (NNPC) Limited says it has sold $1 billion worth of natural gas to Portugal this…
Shell suspends sale of Nigerian onshore oil assets
Shell Petroleum Development Company of Nigeria Ltd (SPDC), yesterday, said it had suspended plans to sell its onshore oil assets…
OPEC Quota: Upstream regulator moves to revive 3,000 shut-in oil strings
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has inaugurated the Project Committee on Reactivation of shut-in strings (inactive oil wells)…
No refinery is working in Nigeria now, says NNPC GMD
The Group Managing Director of the Nigerian National Petroleum Company (NNPC) Ltd Mele Kele Kyari, says there is no single…
FG charges marginal field investors to raise crude production volume
The Minister of State, Petroleum Resources, Mr Timipre Sylva, on Tuesday, charged the 57 marginal field investors to quickly develop…
Marginal fields: NUPRC awards licences to 161 companies, rakes N200bn, $7m
The Nigerian Upstream Petroleum Regulatory (NUPRC) says the 2020 marginal field bid round exercise generated about N200 billion as well…
FG, operators investigate potential gas deposits in Enugu
The Federal Government, experts and operators in the oil sector are investigating the possibility of gas deposits in Enugu State,…