April 04, 2023
Nigeria: NMDPRA Moves to Regularise About 1,000 Unlicensed Petroleum Retail Outlets
In a review of its method of clamping down on illegal filling stations operating in Nigeria, which it put at about 1,000, the Nigerian Midstream and Downstream Petroleum Regulatory… Read more »
Nigeria: Nigeria Under-Produces OPEC's Crude Oil Quota By 30.6m Barrels in Two Months
Nigeria, Africa's biggest crude producer, drilled 30.6 million less barrels of oil in January and February compared to the quota allocated to the country by the Organisation of… Read more »
April 03, 2023
Nigeria: Nigeria's Oil Production Was OPEC's Biggest Increase in March - Reuters Survey
Nigeria's crude oil production for March 2023 edged up to about 1.6 million barrels per day (mbpd), with the country recording the biggest Organisation of Petroleum Exporting… Read more »
April 02, 2023
Nigeria: Nigeria, U.S., Mexico Top List of Leaders in Global Reduction of Gas Flaring - World Bank
Nigeria, Mexico, and the United States of America accounted for most of the decline in global gas flaring in 2022, new satellite data compiled by the World Bank's Global Gas… Read more »
March 31, 2023
Nigeria: Edo Refinery Targets $125m Per Annum Haul From Export
*State govt meets WHO, UNICEF, other devt partners, strengthens measures to improve healthcare delivery Read more »
March 29, 2023
Nigeria: Oil Producing Communities Protest Pipeline Leakages, Pollution in Delta
The people of oil-bearing Kantu and Odidi communities in Warri South West Local Government Area of Delta State yesterday protested against frequent pipeline leakages, destruction… Read more »
March 28, 2023
Nigeria: Oil Exploration in Middle Benue Trough Will Lead to Greater Prosperity, Energy Security - Buhari
President Muhammadu Buhari has declared that the discovery and drilling of oil in Nasarawa State will lead to greater prosperity for Nigerians, as well as enhance overall energy… Read more »
March 27, 2023
Nigeria: Deregulation - Brace for N750/Litre Petrol When Subsidy Is Removed, Stakeholders Tell Nigerians
As the federal government prepares to completely deregulate the downstream sector of the Nigerian oil and gas industry in the coming months, stakeholders in the sector have told… Read more »
March 21, 2023
Nigeria: Shell Reports Sharp Fall in Nigeria Oil Spills After Shutdown
Shell reported a sharp fall in oil spilled as a result of sabotage in Nigeria's oil-rich Delta in 2022 reflecting closure of operations for six months in the wake of attacks. Read more »
Nigeria: Nigeria's LNG Output Still Weak Despite Europe's Thirst for Spot Supplies - Report
Heavy flooding, upstream gas supply issues and pipeline vandalism have left the six-train Nigeria LNG (NLNG) facility on Bonny Island producing far below capacity since last year,… Read more »
Nigeria: Oil Price Steadies After 5% Loss, Lowest in Over 15 Months
Oil prices steadied at the weekend after dropping to near 15-month lows earlier in the session, supported by reports that top producers Saudi Arabia and Russia met to discuss ways… Read more »
Nigeria: Nigeria's Oil Rigs Count Stagnates, Despite February Crude Production Growth
Despite adding about 48,000 barrels per day in February, Nigeria's oil rigs count stagnated at 13 during the month, THISDAY analysis of the latest data released by the Organisation… Read more »
March 16, 2023
Nigeria: Hope Rises for Nigeria As Shell Lifts Force Majeure On 250,000bpd Bonny Export Terminal
The Shell Petroleum Development Company of Nigeria Limited (SPDC) said it has lifted the force majeure on its 250,000 barrels per day (bpd) Bonny export terminal with effect from… Read more »
March 15, 2023
Nigeria: OPEC Confirms Nigeria's 1.3 Million Bpd February Crude Oil Output
·Moody's places six US banks on potential rating downgrades Read more »
March 13, 2023
Nigeria: As Nigeria Struggles With Crude Theft, Saudi Aramco Posts Record $161bn Profits
Saudi Aramco yesterday announced record profits of $161 billion from its 2022 operations as the largely state-owned oil company cashed in on a tumultuous year in energy markets… Read more »
March 09, 2023
Nigeria: Yet Another Pipeline Explosion
The Rumuekpe tragedy is one too many Read more »
March 07, 2023
Nigeria: Shell CEO Says Cutting Oil and Gas Production 'Not Healthy'
Shell Plc's new boss, Wael Sawan, has said that cutting oil and gas output would be bad for consumers, echoing a pivot by other major producers toward fossil fuels and energy… Read more »
March 03, 2023
Nigeria: Trade Balance Declines From U.S. $50 Million to U.S.$$20 Million
The modest gains in oil production was unable to lift Nigeria's trade balance as the country's balance of trade position has reversed from surplus to deficit. Read more »
February 28, 2023
Nigeria: Tougher Times for Nigerians As Kerosene Price Rises By 163%, Petrol By 54%
There appears to be no respite for Nigeria's poor and vulnerable whose main source of cooking fuel is kerosene, with the price of the product rising by a whopping 163 per cent… Read more »
February 27, 2023
Nigeria: Why Nigeria's Oil Sector Will See Significant Growth in 2023 - Anderson
*Predicts devaluation of the naira to close gap between black market, official rates Read more »
February 21, 2023
Nigeria: Those Managing Nigeria's Oil Must Account for Crude Oil Theft - VP
Says addressing crude oil theft, sabotage major concern of govt Read more »
Nigeria: Nigeria Could Drill 900,000bpd Additional Oil With Ongoing Quick-Win Interventions - Komolafe
The Chief Executive Officer of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Mr Gbenga Komolafe, has said that the current quick-win interventions by the… Read more »
Nigeria: Despite Muffled Oil Output Growth, Nigeria's Rigs Count Rises 116% in One Year
In spite of subdued growth in Nigeria's oil production in the last one year, the country's rigs count rose markedly from six to 13 between January 2022 and the same period in 2023,… Read more »
February 17, 2023
Nigeria: NNPC Fixes March 21 to Begin Drilling of Oil in Nasarawa
The Nigerian National Petroleum Company Limited (NNPC) yesterday announced that it will commence the drilling of crude oil in Nasarawa State from March 21, 2023. Read more »
February 16, 2023
Nigeria: Nigeria, Others May Lose Oil Buyers As EU Set to Ban Petrol, Diesel Vehicles By 2035
Nigeria and other major oil-producing countries could lose major markets in Europe after the European Parliament approved a law to ban the sale of new petrol and diesel vehicles… Read more »