After 17yrs, Senate passes PIB into law

The Senate, Thursday, broke the 17 years deadlock by passing into law the age long Petroleum Industry Governance Bill.Senate President, Bukola Saraki while commenting...

Oando foresees 2.2 million bpd oil output by June

Chief Executive Officer of Nigeria’s Oando says worst disruptions in oil-producing Delta region are over, and production could reach 2.2 million barrels per day...

‘Bonga produced 702m barrels of oil since inception’

Bonga oil field, operated by Shell Nigeria Exploration and Production Company (SNEPCo), has produced about 702 million barrels of oil since inauguration in 2005,...

Shell expresses interest in Deepwater, Nigeria

Shell Petroleum Development Company, SPDC has expressed commitment to invest in Deepwater oil and gas exploration in Nigeria and other parts of the world.The...

OPEC ministers will meet this week to approve extensions of production...

OPEC ministers are to head to Vienna this week where they are expected to ratify an extension of the current production cuts that has been...

Union wants ExxonMobil facility in Niger Delta closed down

A Nigerian labor union on today called for the close down of all ExxonMobil Corp facilities in the Niger Delta, a union representative said.Reuters...

Nigeria crude importation will reduce to 60 per cent by 2018

The nation Minister of State for Petroleum Resources, Dr Ibe Kachikwu, has reiterated Federal Government’s resolve to reduce importation of petroleum products from the...

Nigeria obtain $29 billion from Shell JVs in last four years

The royalties and corporate taxes paid by Shell to the Nigerian government last year increased to $1.4bn from $1.1bn in 2015 on the back...

ExxonMobil, PENGASSAN strife threatens Nigeria oil production

Dispute between the Petroleum and Natural Gas Senior Staff Association of Nigeria and a subsidiary of United States’ ExxonMobil Corporation has taken a turn...

Oando plc eyes fresh capital

… To take over Port Harcourt RefineryNigeria's formost petroleum company, Oando Plc, has revealed plans to raise additional capital from investors which would support...

‘Poor metering of oil wells’ may have made Nigeria to lost...

Nigeria may have lost about $64 million ( about ₦2 trillion) between the second quarter of 2015 and the first quarter of 2017 to...

Nigeria’s oil production edge up, hits 274, 000 bpd

Crude oil production in the nation rose by 274,000 barrels per day last month, the biggest increase among its peers in the Organisation of...

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