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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

Dangote’s $12 Billion Oil Refinery to commence operation in 2019

The $12 billion Dangote Oil Refinery which will be the largest in the world slated for Lagos will be in full operation in 2019 and is expected to produce 650, 000 barrel of oil per day. The oil plant will also have the largest sub-sea...

Ensco gets three drillship contracts in Nigeria

By Our Reporter * Ensco Plc - Ensco DS-4 contracted to Chevron for two years Ensco DS-10 contracted to Shell for one year Ensco DS-7 to return to work with total​ * Ensco Plc - ‍awarded three drillship contracts offshore West Africa, representing an aggregate three...

Nigeria-Morocco gas pipeline project nears completion

Phase 1 scope of the Front End Engineering and Design (FEED) of the Nigeria Morocco Gas Pipeline (NMGP) is expected to be completed by the end of the first quarter of 2019. This is according to Minister of State for Petroleum Resources Dr. Ibe...

New York Times Adds Tech-Savvy Directors to Its Board

New York Times Co. (NYT), adding technology experience to its board to help with its shift to the Internet, named the Massachusetts Institute of Technology’s Joichi Ito and venture capitalist Brian McAndrews as directors. Ito, director of the media lab at MIT, and McAndrews, a...

Nigeria agrees with OPEC to cut oil output

OIL cartel push for output cut to attract higher prices in the global market gained more ground yesterday. It got the backing of the Federal Government. A statement by Garba Shehu, Media and Publicity Aide to the President, said President Muhammadu Buhari pledged Nigeria’s cooperation...

Nigeria suspends crude trade ahead of election

LONDON, Feb 15 - The Angolan March programme was largely sold out on Friday ahead of the release of the new one next week while IOC mopped up some West African crude in its tenders. According to Reuters reports, About 15-20 Nigerian cargoes remained...

UK court quash suit on Shell liability for Niger Delta oil spills

30 January 2017, Naija247news, Port Harcourt, Nigeria — A High Court in London has dismissed a suit by Bille and Ogale communities seeking to sue Royal Dutch Shell (RDS) in English courts for spill incidents in the Niger Delta. The communities had, on May...

CERAWeek2018: Energy is crown jewel of NAFTA nations and will bind them, even in a trade war

Energy is crown jewel of NAFTA nations and will bind them, even in a trade war The U.S. buys and sells energy from both its northern and southern neighbor, and it is one industry that binds North America together, regardless of whether there...

W. Africa Crude-Buyers deterred by weak Asia refining margins, high freight rates

LONDON, Dec 5 (Reuters) - High freight rates, weak Asian refining margins and a tender by an Indian state refiner kept buyers at bay in the West African market on Wednesday. Asian gasoline margins have hit their lowest in seven years, against a backdrop of...

Okpai Phase 2 Project to 500MW to Nigeria’s power grid -NNPC

As part of efforts to ramp up power supply in the country, the Nigerian National Petroleum Corporation (NNPC) and its Joint Venture Partner, Nigeria Agip Oil Company Limited (NAOC), have pledged their commitment to implement the Okpai Phase 2 Project to shore up the...
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