Nigeria’s multi-billion dollar investment in the West African Gas Pipeline Company, WAPCO, is in jeopardy as management of the company, yesterday, raised…
Category:
Oil and Gas
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Nigerian oil output rose last month following repairs to infrastructure that had been damaged by militant attacks. Nigeria pumped an average of…
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A new Group Managing Director has been appointed for the Nigeria National Petroleum Corporation NNPC. He is Dr Maikanti Kacalla Baru. By…
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Nigeria in May exported 1.89 million barrel per day contrary to fears that crude export has dropped to as low as 1.3…
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The arraignment of a former Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Mr Andrew Yakubu, has been fixed for July…
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BusinessEconomyNewsOil and Gas
Vandalism of oil facilities threatens Nigeria’s ranking on global business
The Central Bank of Nigeria, CBN, has warned that vandalism of oil facilities may worsen the country’s ranking on the global ease…
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EconomyNewsOil and Gas
Nigeria lost billions of dollars to non-remitted, underpaid monies in oil and gas – NEITI
The Executive Secretary, Nigeria Extractive Industries Transparency Initiative (NEITI), Mr Waziri Adio, said Nigeria lost billions of dollars in 2013 to sharp…
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Nigeria’s crude oil export dipped further by 130,000 barrels per day, as operators yesterday said the Trans Niger Pipeline, TNP, operated by…
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Turmoil in Nigeria, shale bankruptcies in the United States and Venezuela have contributed to tightening crude oil supplies. Oil prices rose as…
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BusinessEconomyNewsOil and Gas
Gas pipeline in Niger Delta operated by Nigeria’s NNPC attacked: community group
A gas pipeline in Nigeria’s restive Niger Delta region operated by the state energy company was attacked late on Thursday, a spokesman…
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BusinessEconomyNewsOil and Gas
Nigeria’s Qua Iboe crude oil terminal closed, workers evacuated – traders
Nigeria’s Qua Iboe crude oil terminal, operated by ExxonMobil, is closed and workers have been evacuated, traders said on Thursday. A market…
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BusinessEconomyNewsOil and Gas
Nigeria loses 800,000 barrels of crude oil daily to pipeline vandalism –FG
Minister of State for Petroleum Resources, Dr Ibe Kachikwu, on Monday said Nigeria’s crude oil production had declined from 2.2 million barrels…
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Nigeria has scrapped the controversial subsidy on petrol. Minister of State for Petroleum Resources and GMD of the NNPC, Dr. Ibe Kachikwu…
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Multinational Oil companies in Nigeria have agreed to provide about $200 million to help fund fuel imports amid a foreign-currency shortage, Petroleum…
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Forte Oil Plc said it plans to raise as much as N100 billion in equity or debt this year as it aims…