The National Bureau of Statistics (NBS) has said the average price per litre paid by consumers for National Household Kerosene increased by 3.28 per cent month-on-month and by 7.41 per cent year-on-year to N346.53 in August 2020 from N335.54 in July 2020. According to its report titled: “National Household Kerosene Price Watch – August 2020,”…

Chevron Nigeria Limited (CNL) says it invested $1.45 billion in Nigerian Content Development (NCD) in 2019. The oil major made the disclosure in its 2019 Corporate Responsibility Report, which was obtained by the News Agency of Nigeria (NAN) in Lagos on Tuesday. The report said to demonstrate its commitment to NCD, Chevron Nigeria’s local content…

Nigeria’s cost of pipeline repairs and management may soon hit N1 trillion as facilities were damaged 9,420 times in five years, as vandals steal oil and gas. This sum and other recorded losses could build a refinery with the capacity to refine 650,000 barrels per day if the five-year leakage were saved. The statistics on…

The international oil benchmark, Brent crude, fell below the $40 per barrel mark on Monday, amid demand worries, as the Organisation of the Petroleum Exporting Countries further cut its outlook for demand growth. Nigeria, Africa’s biggest oil producer, said its crude oil production rose slightly to 1.36 million barrels per day in August from 1.35…

In Edo State in Nigeria, the modular oil refinery run by 2 Chinese companies plans to increase its crude oil production to 60,000 barrels per day (bpd). Enough to help cover the country’s diesel needs and improve the living conditions of local populations. In Nigeria, the Edo modular refinery, developed by a consortium of AIPCC…

Niger Delta Exploration & Production Plc, the pioneer of indigenous upstream oil & gas production firm in country, has listed several milestones in the sector since it struck its first oil from its Ogbele Marginal field in Rivers State. In a virtual event, which was attended by a cross section of the firm’s stakeholders, the…

Youths of Agbidiama community in the Ekeremor Local Government Area of Bayelsa State, on Thursday, protested against the Shell Petroleum Development Company of Nigeria (SPDC), disrupting oil production activities at the company’s flow station around Clough Creek. The aggrieved youths accused the SPDC of not providing employment and empowerment schemes, refusal to engage indigenous firms…

The Nigerian National Petroleum Corporation said on Wednesday that its litigation team had saved billions of dollars in liabilities. The NNPC disclosed this while announcing that the team had emerged the ‘Leading Case Counsel Team’ of the 2020 Africa Arbitration Awards. A statement by the corporation’s Group General Manager, Group Public Affairs Division, Dr Kennie…

Zenith Energy, the listed international oil & gas production company focused on pursuing African development opportunities, has submitted a technical and commercial bid with the Nigerian Department of Petroleum Resources (‘DPR’) for a marginal field in the 2020 Marginal Field Bid Round. A total of 57 marginal fields comprising a selection of onshore, swamp and…