Scheduled Qua Iboe maintenance sends prices above Forcados crude

Scheduled Qua Iboe maintenance sends prices above Forcados crude

Nigerian crude oil grade Qua Iboe strengthened above Forcados, after spending the last month at parity as reduced loadings over May and upcoming maintenance...

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Total E&P Nigeria extends contract for Golden Energy’s platform supplier

Total E&P Nigeria extends contract for Golden Energy’s platform supplier

Norway-based shipowner Golden Energy Offshore Services (GEOS) has been awarded a contract extension for the platform supply vessel (PSV) Energy Scout with Total in...

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NNPC awards two of three AKK gas pipeline deals to Oando, others

NNPC awards two of three AKK gas pipeline deals to Oando, others

The Nigerian National Petroleum Corporation (NNPC) said on Friday it had awarded two of three gas pipeline contracts worth more than $2.8 billion, Reuters...

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Nigeria cements position over Angola as Africa’s top oil producer

Nigeria cements position over Angola as Africa’s top oil producer

Nigeria has steadily overtaken Angola as the top oil and gas producer in Africa, by an increased output of 91,500 barrels per day (bpd)...

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Kachikwu puts current under-recovery from petrol importation at N1.4tn annually

Kachikwu puts current under-recovery from petrol importation at N1.4tn annually

The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, on Thursday disclosed that Nigeria currently records about N1.4 trillion yearly as under-recovery from...

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Nigeria’s active oil rigs hit three-year high in February

Nigeria’s active oil rigs hit three-year high in February

From a record low of 23 in December 2016, the number of the nation’s active oil rigs rose to 35 in February this year,...

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NNPC delivered 828 mmscfd of gas to power plants in December

NNPC delivered 828 mmscfd of gas to power plants in December

The Nigerian National Petroleum Corporation (NNPC) delivered 828 million metric standard cubic feet per day (mmscfd) to gas fired power plants to generate an...

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Nigeria cuts gas supply to Ghana by more than half

Nigeria cuts gas supply to Ghana by more than half

Since the beginning of 2018, Nigeria has been sending about 60 million cubic feet of gas daily to Ghana via the West Africa Gas...

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NNPC’s refineries contributed only 0.55% to Nigeria’s GDP in 2016 – Report

NNPC’s refineries contributed only 0.55% to Nigeria’s GDP in 2016 – Report

A study commissioned by the Nigerian Natural Resource Charter (NNRC) and conducted by the Centre for Petroleum, Energy Economics and Law (CPEEL), University of...

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