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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

Nigeria to open fresh bid for marginal fields in 2018

The Federal Government of Nigeria has confirmed that there will be a call for expression of interest in marginal fields by companies next year. The Ministry of State for Petroleum, Dr. Emmanuel Ibe Kachikwu said at the presentation of the report on "New Nigeria Oil...

Oando mulls N40b capital raising to takeover Port Harcourt Refinery

•Mulls N40b capital raising The Federal Government has entered into a Memorandum of Understanding (MoU) with Nigeria’s largest indigenous energy group, Oando Plc to manage the Port Harcourt Refinery under a repair, operate and mainteain (ROM) arrangement. Chief executive officer, Oando Plc, Mr. Wale Tinubu at...

Oando eyes local oil refineries to stop fuel importation

The Managing Director of Oando Plc, Wale Tinubu, on Thursday said that the company would seek approval from the Federal Government for the refurbishment of one or two refineries. Mr. Tinubu stated this at the company’s facts behind the figures at the Nigerian Stock Exchange,...

Oil workers go on strike at Exxon Mobil in Nigeria -unio

LAGOS May 11 - Nigerian workers at U.S. oil major Exxon Mobil Corp have gone on strike in protest over the sacking of workers, oil labour union officials said on Thursday. Nigerian labour unions have criticised oil companies for sacking workers in the last...

NNPC seeks $6 billion investment to boost capacities of local refineries to 700,000 barrels

The Nigerian National Petroleum Corporation, NNPC, says it is working to upgrade the combined capacity of its four refineries in Warri, Kaduna and Port Harcourt from the present 445,000 to 700,000 barrels per day under the planned repair programme for the plants. The repair work...

Osinbajo, ENI, Kachikwu in closed door meeting over Malabu OPL 245 scandal

Nigeria’s Minister of State for Petroleum, Ibe Kachikwu, on Tuesday held a closed-door meeting with Acting President Yemi Osinbajo, with one of the major subjects of discussion being the Malabu OPL 245 scandal. Tuesday’s meeting comes about five days after Mr. Kachikwu told journalists that...

NNPC eyes 5 bscf/d by 2020 to triple Nigeria’s gas supply for domestic consumption

LAGOS May 9 (Reuters) - Nigeria's state energy company and its partners plan to more than triple the West African country's gas supply for domestic consumption within the next three years, it said on Tuesday. Nigeria has the world's ninth largest proven gas reserves, at...

How Shell, Eni Got Enmeshed in $1 Billion Nigerian Scandal: QuickTake Q&A

Royal Dutch Shell Plc and Eni SpA have become entangled in a $1.1 billion bribery scandal involving a field in Nigeria that could potentially hold enough crude to meet three months of the world’s demand. At least three countries are probing the companies, and...

LADOL’s 50MWs power plant will fire-up Nigeria’s electricity generation – Jadesimi

Lagos – The Lagos Deep Offshore Logistics, LADOL, has disclosed that it is investing in a 50 megawatts gas fired power plant, which will be built in phases. The Managing Director, LADOL, Amy Jadesimi, dropped the hint during a tour by a team from the...

Fashola threatens to sanction Discos, Gencos over poor power supply

Abuja – The Minister of Power, Works and Housing, Mr. Babatunde Fashola, on Monday tongue-lashed power distribution companies, as he decried their continued inability to deliver on agreed terms and threatened sanctions against the firms. Fashola, who was visibly angry with the recent statements of...
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