May 19, 2023
Nigeria: Troops Destroy 38 Illegal Refining Sites in Niger Delta
The Defence Headquarters (DHQ) yesterday said troops destroyed 38 Illegal refining sites in the Niger Delta region. Read more »
Nigeria: Wabote Seeks Double-Digit Oil Contribution to GDP, NNPC to Supply 300,000 Bpd to Dangote Refinery
The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Mr Simbi Wabote, yesterday argued that the oil and gas industry could return to… Read more »
Nigeria: Dangote Refinery Will Provide Succour, Turbo-Charge Nigeria's Economy - NECA
The Nigeria Employers' Consultative Forum (NECA) has declared that the Dangote Refinery would turbo-charge the engine of the Nigerian economy, unstrap the strings holding its… Read more »
May 16, 2023
Nigeria: Nigeria's N12.1trn 2023 Budget Deficit May Widen As Oil Production Shrinks By 58m Barrels in Four Months
Nigeria's already high budget deficit of N12.1 trillion may widen in 2023, following the country's underproduction of crude oil to the tune of 58 million barrels in the first four… Read more »
Nigeria: NNPC's Renewed Fight Against Oil Theft
Emmanuel Addeh writes that the results of recent renewed effort by the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari, and activities… Read more »
May 14, 2023
Nigeria: NNPC, Security Agencies Impound 1,000-Tonne Barge in Fight Against Oil Theft
The collaboration between the Nigerian National Petroleum Company Limited (NNPC), federal security agencies, and Tantita Security Services Nigeria Limited, owned by Government… Read more »
May 10, 2023
Nigeria: RT200 Initiative Boosted Non-Oil Exports By 40 Percent in 2022, $1.7bn Inflow Recorded in Q1, 2023 - Emefiele
The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, yesterday disclosed that the Race to $200 billion in foreign exchange (FX) repatriation programme (RT200) of… Read more »
May 09, 2023
Nigeria: Navy Warns Oil Thieves, Vandals to Stay Away From Creeks
The Nigeria Navy yesterday reiterated its stance to rid the Niger Delta in particular and the country in general of activities of crude oil thieves and pipeline vandals. Read more »
Nigeria: Komolafe Hails Buhari's Quick Response in Resolving NUPRC, NMDPRA's Overlap in Crude Export Terminal Supervision
The Chief Executive Officer of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Mr. Gbenga Komolafe has given kudos to President Muhammadu Buhari over his swift… Read more »
May 08, 2023
Nigeria: Buhari Directs NUPRC to Take Over Supervision of All Crude Oil Export Terminals
Africa's richest man and owner of the Dangote Refinery, Mr. Aliko Dangote, has said with the planned commencement of the refinery located in Lagos, Nigeria could save up to $10… Read more »
May 02, 2023
Nigeria: Nigeria's Average Crude Oil Production Climbs 15% in 2023
Despite its perennial underproduction in the last two years, Nigeria has been able to ramp up its crude oil output compared to its budget benchmark from an average of about 60 per… Read more »
Nigeria: Port Harcourt Refinery May Delay Commencement of Operation Till September - Report
The first phase of a project to rehabilitate Nigeria's 210,000 barrels per day Port Harcourt refinery, which had been slated for completion in April this year, may not be finished… Read more »
April 30, 2023
Nigeria: It's Unreasonable to Jettison Nigeria's Fossil Fuels Now - Vice President Osinbajo
Vice President Yemi Osinbajo yesterday insisted that while the global call for a transition to cleaner fuels may be valid, it would be unreasonable for Nigeria to abandon her… Read more »
April 27, 2023
Nigeria: Shaming Detractors With Near Completion of $2.5bn AKK Gas Pipeline Project - NNPCL
On Monday, the leadership of the Nigerian National Petroleum Company Limited, led by the Group Chief Executive Officer, Mele Kyari took a tour to Ahoko, a community in Kogi State… Read more »
April 26, 2023
Nigeria: Agora Report Prescribes Immediate Reforms, Urges Govt to Boost Oil Revenues
Agora Policy, an Abuja think-tank has urged the federal government to work on boosting oil earnings, stressing that the drastic fall in oil revenue has been as a result of the… Read more »
April 25, 2023
Nigeria: Halliburton Nigeria Oil Production Facility Reaches 10m Barrels Milestone
Halliburton Testing and Subsea (TSS) Nigeria has celebrated two significant milestones, including an Early Production Facility (EPF) and processing of its 10 millionth barrel of… Read more »
April 21, 2023
Nigeria: Malami Bows to Pressure, to Appear Before Committee On Alleged Sale of 48 Billion Barrels of Crude
The Minister of Justice and Attorney General of the Federation (AGF), Abubakar Malami yesterday expressed readiness to provide relevant information on the alleged sale of 48… Read more »
April 19, 2023
Nigeria: Operators Seek Alignment Between NUPRC, NMDPRA in Oil Regulation
Worried by the many challenges confronting the Nigerian oil and gas industry partly as a result of actions and inactions of the federal government, some operators yesterday, called… Read more »
April 18, 2023
Nigeria: Buhari Recounts Achievements in Oil, Gas Sector, Lists PIA As Biggest Accomplishment
President Muhammadu Buhari yesterday attended the Nigeria International Energy Summit (NIES), his last as the country's leader, seizing the opportunity to highlight his… Read more »
Nigeria: Nigeria Produces 115m Barrels, 75 Percent of Budget Benchmark in Q1 Amid Struggling Oil Output
Amid Nigeria's crude oil production struggle, the country managed to drill 115 million barrels of the commodity in the first quarter of 2023, a THISDAY review of industry data has… Read more »
Nigeria: S&P Survey - OPEC Crude Oil Production Dropped By 300,000 Bpd in March Amid Russian Sanctions
Crude oil production from the Organisation of Petroleum Exporting Countries (OPEC) and allies fell by 300,000 barrels per day in March as sanctions hit Russian output, the latest… Read more »
April 17, 2023
Nigeria: Oil Marketer Blames High Cost of Cooking Gas On Inadequate Infrastructure, Fx Scarcity
Founder and Chief Executive Officer of Hyde Energy Limited, a downstream oil and gas company, Mr. Oladimejj Edwards, has attributed the high cost of Liquefied Petroleum Gas (LPG),… Read more »
April 11, 2023
Nigeria: Activists Accuse Shell of Causing Delay in Oil Spill Lawsuits in London
Shell Plc is attempting to shield itself from scrutiny over pollution in Nigeria's oil-producing Niger Delta, lawyers representing more than 13,000 Nigerians have argued at a… Read more »
April 10, 2023
Nigeria: With 89 Expected Assets, Nigeria to Top Africa's Upcoming Oil, Gas Projects By 2027
With 89 assets under construction, spanning the upstream, midstream and downstream of the oil and gas sector in Africa, Nigeria will between 2023 and 2027 top the continent's… Read more »
April 07, 2023
Nigeria: Kyari to IOCs - If You Walk Away, We Will Stay to Explore Our Resources
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC), Mallam Mele Kyari, yesterday told International Oil Companies (IOCs) that Nigeria would… Read more »