Portugal’s Sines LNG terminal expecting Nigerian cargo

Portugal’s Sines LNG terminal expecting Nigerian cargo

REN-operated Sines LNG import terminal in Portugal is scheduled to receive a cargo of the chilled fuel from Nigeria this week, according to the...

Read More
India’s oil import from Nigeria declines to 279,000bpd

India’s oil import from Nigeria declines to 279,000bpd

India’s monthly oil imports from Nigeria has declined by about 34% to about 279,000 barrels per day, data showed. India imported less Nigerian oil in...

Read More
BP continues to scoop up Nigerian crude oil cargoes

BP continues to scoop up Nigerian crude oil cargoes

Nigerian crude prices rose on Tuesday after refiner BP bought more October-loading cargoes in the daily trading window and bid for a number of...

Read More
OPL 245 award, others show Nigeria must entrench transparent oil licensing process

OPL 245 award, others show Nigeria must entrench transparent oil licensing process

Nigeria has remained in the eye of the storm since the award of Oil Prospecting Licence (OPL) 245 to Malabu Oil & Gas Limited,...

Read More
Shippers fear engine failure, global trade risks due to fuel upgrade deadline

Shippers fear engine failure, global trade risks due to fuel upgrade deadline

From Jan. 1, 2020, the vast majority of the world’s merchant fleet will have to use fuel containing no more than 0.5 percent sulfur,...

Read More
Nigerian crude again supported by BP bids

Nigerian crude again supported by BP bids

Nigerian crude oil remained supported on Monday by demand from BP, which again bid in the Platts window. BP bought Qua Iboe from Vitol a...

Read More
Nigeria faces oil reserve crisis over delay of bid rounds, PIB

Nigeria faces oil reserve crisis over delay of bid rounds, PIB

The delay in the award of new oil blocks and uncertainties over existing marginal oilfields are upsetting industry players, amid a warning that the...

Read More
Regulators withhold kerosene importation data as scarcity worsens

Regulators withhold kerosene importation data as scarcity worsens

Industry regulators, the Department of Petroleum Resources (DPR), and Petroleum Products Pricing Regulatory Agency (PPPRA), have declined to produce importation data for kerosene as...

Read More
Despite promises, FG yet to remove VAT on LPG

Despite promises, FG yet to remove VAT on LPG

Despite promises, the Federal Government has not yet removed Value Added Tax, VAT, from locally sourced Liquefied Petroleum Gas, LPG. Investigations over the weekend, showed...

Read More