26 C
Lagos, South Africa and New York
Saturday, July 4, 2020
Home Oil & Energy

Oil & Energy

Discover latest news and analysis, headlines, blogs and videos about Nigeria’s Niger Delta Regions, Nigeria’s Oil wells and locations, Nigeria’s Key Oil companies and local refinery news and updatss

Nigeria, Saudi’s Aramco discuss shared investment options in downstream sector

LAGOS, April 24 - Nigerian Oil Minister Emmanuel Kachikwu and the president of Saudi Aramco have discussed investment options in the mid and downstream sector, Nigeria’s petroleum ministry said on Wednesday in a tweet. Aramco is expanding downstream operations such as refining and petrochemicals...

Squeezed by U.S. shale, Nigerian oil propped up by Asian demand

* Nigeria’s top oil grades near five-year highs - trade * Indonesian, Indian demand providing support * In Europe, buyers drive hard bargain for Nigerian oil By Noah Browning LONDON, April 8 - The rising tide of light U.S. shale oil has largely swept away comparable grades...

Nigeria, Libya unfazed by OPEC, seek to boost oil output

LONDON, Dec 12 - Less than two weeks after OPEC’s decision to extend oil production cuts, Libya and Nigeria – the only two exempt members of the group – are signalling their intent to raise output next year. While several ministers at the Nov. 30...

Nigeria lost 700, 000 barrels per day in 2016 due to pipeline sabotage – NNPC

The NNPC said about 700,000 barrels per day (bpd) of crude oil were deferred in 2016 due to pipeline sabotage. Maikanti Baru, Group Managing Director, said this in Abuja on Wednesday in a statement by the Group General Manager, Group Public Affairs Division, Ndu Ughamadu. Mr....

Nigeria will resist any attempts to cut to its oil output – Kachikwu

OPEC mulls extending production curbs by over three months Nigeria will resist any attempts to curb its oil production when it meets with the Organisation of Petroleum Exporting Countries (OPEC) and Russia later this month, posing a threat to the cartel’s efforts to cut...

Petroleum Industry Bill: Senate scraps NNPC, creates three new agencies

At last, the Senate on Thursday passed the Petroleum Industry Bill (PIB), putting paid to the controversy that dogged the bill ford over 10 years. Some of the highlights of the bill is the scraping of the Nigerian National Petroleum Corporation (NNPC) and the merging of the...

Nigeria’s crude oil output rose by 274,000 barrels per day in April – OPEC

May 13, 2017 Abuja – Crude oil production in Nigeria rose by 274,000 barrels per day in April, the Organisation of Petroleum Exporting Countries, OPEC, said on Thursday. The increase, OPEC said, represents the biggest increase among countries within the oil producers’ group. According to OPEC’s...

Despite poor electricity supply amidst economic hardship, Nigeria plans electricity tariff hike in July

says it’s part of power sector recovery plan Abuja – Despite poor electricity supplies amidst biting economic recession, The Federal Government is planning to an increase in electricity tariff as early as in July this year, as an options to revive the ailing power...

Nigeria Seeks $5.2 Billion From World Bank To Expand Electricity Generation

Nation talking to IFC and MIGA for $2.7 billion in financing Disbursements to start from June, July, Fashola says Nigeria is seeking $5.2 billion from the World Bank to expand electricity generation and help the economy recover from its first contraction in 25 years. The...
Open chat
Send us your story