October 20, 2022
Nigeria: Nigeria's Fuel Consumption Will Decline When There's No Incentive for Excess Use - Kyari
Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mallam Mele Kyari has said that the current petrol consumption in the country will decline when… Read more »
Nigeria: How Pinnacle's $1bn Offshore Subsea Petroleum Terminal Will Address Govt's N5bn Daily Loss in Apapa
The federal government's revenue is about to receive a major boost as Nigeria's first offshore subsea bi-directional petroleum products intake and offtake terminal built by… Read more »
October 18, 2022
Nigeria: More Trouble For Nigeria As NLNG Declares Force Majeure On 22mtpa Plant Over Flood-Related Disruptions
Nigeria may be facing additional revenue challenges and gas shortage as the Liquefied Natural Gas (NLNG) Limited has declared force majeure on its 22 million tons per annum (mtpa)… Read more »
October 13, 2022
Nigeria: Nigeria's Oil Production to Get Boost As Shell Resumes Export At 400,000bpd Forcados Terminal Month End
After months of under-production and heavy dip in foreign exchange earnings from oil export due to crude theft and vandalism, Nigeria's oil production is set to rise again as Shell… Read more »
October 12, 2022
Nigeria: Shell to Resume Crude Oil Export At 400,000bpd Forcados Terminal By End of October
Hope for Nigeria to add 500,000 barrels per day (bpd) of crude oil to its output by the end of November, has risen as Shell Petroleum Development Company Limited (SPDC) has… Read more »
Nigeria: Marketers Express Frustrations As Govt Dilly-Dallies With Petrol Subsidy Removal
Petroleum products marketers in Nigeria have for the umpteenth time expressed frustrations and concern over the federal government's continuous delay in the removal of petrol… Read more »
October 11, 2022
Nigeria: Oil Theft - Tompolo's Firm, Navy Set Seized Oil Bunkering Vessel Ablaze
Operatives of the Nigerian Navy and Tantita Security Services, a firm operated by Chief Government Ekpemupolo (alias Tompolo) last night set ablaze an illegal oil bunkering vessel… Read more »
October 10, 2022
Nigeria: Subsidy Removal - Senators Disagree With Buhari, Insist On December 2023 As Deadline
Senators across political party lines have said the National Assembly would not pass the proposal on petrol subsidy removal as presented by President Muhammadu Buhari in order not… Read more »
Nigeria: Hope Rises for Oil Production As NNPC Winds Up Repair of 180,000 Bpd Tnp Line in Niger Delta
The Group General Manager of the National Petroleum Investment Management Services (NAPIMS), Mr Bala Wunti, at the weekend announced that the Nigerian National Petroleum Company… Read more »
October 08, 2022
Nigeria: Oil Subsidy Ends Next Year, It's Unsustainable - President
President Muhammadu Buhari yesterday, while presenting a record N20.51 trillion 2023 appropriation bill to a joint session of the National Assembly in Abuja, announced the… Read more »
October 07, 2022
Nigeria: How Illegal Export Line Connecting High Sea Was Undetected for Nine Years - NNPC
In a shocking revelation, the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC), Mallam Mele Kyari, has narrated how an illegal oil pipeline… Read more »
October 06, 2022
Nigeria: How Illegal Connecting Line From Export Terminal Into High Sea Was Discovered After Nine Years - NNPC
In a shocking revelation, the Group Managing Director of the Nigerian National Petroleum Company Limited (NNPC), Mallam Mele Kyari, has narrated how an illegal oil pipeline… Read more »
Nigeria: Despite Pressure From World Powers, Opec Announces 2m Barrels Production Cut
The Organisation of Petroleum Exporting Countries (OPEC) and its oil-exporting allies known as OPEC+ yesterday announced a two million barrel per day cut in oil production. Read more »
October 05, 2022
Nigeria: For Second Time in 45 Years, NNPCL Declares Profit, Rakes in N674bn After Tax Revenues
For the second time in its 45-year history, the Nigerian National Petroleum Company Limited (NNPCL) , formerly a corporation, yesterday declared a Profit After Tax (PAT) financial… Read more »
October 04, 2022
Nigeria: OPEC Mulls Highest Cut in Two Years, May Reduce Oil Production By 1 Million Bpd
The Organisation of Petroleum Exporting Countries (OPEC) may cut oil production output by as much as 1 million barrels per day when they meet tomorrow, some delegates said… Read more »
Nigeria: Navy Confiscates 40m Litres of Stolen Crude Oil, Diesel, Kerosene in Niger Delta
The Nigeria Navy said it confiscated 18 million litres of stolen crude oil, 23.5 million litres of Automotive Gas Oil (AGO) also known as diesel and 6.2 million litres of Dual… Read more »
October 02, 2022
Nigeria: Oil Mogul Mohammed Indimi in Debt Scandal
Billionaire businessman and Chairman Oriental Energy is well known as an oil magnate. He is known also for living a kingly life: driving expensive cars, globetrotting in private… Read more »
September 29, 2022
Nigeria: NNPCL Denies Disrespecting Senate, Disowns Offensive Letter With Panel
The Nigerian National Petroleum Company Limited (NNPCL) has disowned a letter allegedly written by it to the Senate Committee on Finance. Read more »
Nigeria: LPG Penetration - Govt, Indian Oil Firm, Others to Collaborate On Deployment of 20m Gas Cylinders Nationwide
The Nigerian National Petroleum Company Limited (NNPCL) and the Indian Oil Company (IOC) are in talks that may see the deployment of about 20 million gas cylinders to enhance the… Read more »
Nigeria: Shell Steps Up Fossil Fuels Divestment, Acquires Nigerian Firm in First African Renewables Deal
Royal Dutch Shell is set to purchase African solar provider, Daystar Power, as it expands its global renewables footprint and seek to work towards its carbon emission reduction… Read more »
September 28, 2022
Nigeria: NUPRC Begins Probe Into Nigeria's Oil Production Underperformance, Says Issues Deeper Than Oil Theft
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) last night said it was commencing a probe into Nigeria's perpetual crude oil underperformance, stressing that the… Read more »
September 27, 2022
Nigeria: Shell's Nigerian Operations May Decline As Incoming CEO Set to Rev Up Renewables Drive
Shell's incoming Chief Executive, Wael Sawan, is set to accelerate the group's drive to build its renewable energy business, including through a possible "transformative" clean… Read more »
September 26, 2022
Nigeria: Ogoni Oil Spill - Floundering Clean-Up Roadmap and Tales of Anguish of Oil Communities
The Hydrocarbon Pollution Remediation Project, HYPREP, under the Federal Ministry of Environment was charged with the responsibility "to ensure full environmental recovery and… Read more »
Nigeria: Oil Vandals Deceiving Nigerians With Job Offers in Modular Refineries, Alleges NNPCL
The Nigerian National Petroleum Company Limited (NNPCL) at the weekend revealed that oil thieves were deceiving innocent artisanal Nigerians into taking jobs in illegal refineries… Read more »
Nigeria: NNPCL Spent 94.7% of August Oil, Gas Revenue On Petrol Subsidy
The Nigerian National Petroleum Company Limited (NNPCL) spent 94.77 per cent of its revenue on petrol subsidy payment in August, latest data from the national oil company has… Read more »