Friday, February 26th, 2010
Chevron announced plans to invest $3 billion in several gas projects in the country, executives said Thursday.
Andrew Fawthrop, the managing director of Chevron Nigeria Ltd., told Nigerian newspaper Next that ...
Thursday, February 25th, 2010
Nigeria launched a robust defence of planned reforms to the oil and gas sector on Wednesday, dismissing industry claims that the legislation could deter billions of dollars of investment. Oil ...
Thursday, February 25th, 2010
Nigeria's acting President Goodluck Ebele Jonathan has welcomed a plan by French oil group Total to invest 20 billion dollars in the country's oil and gas sector. Total said it ...
Thursday, February 11th, 2010
Shell Restates commitment to Nigerian operations
Oil giant Shell has said its recent divestment in the three oil blocks in the Niger Delta - Oil Mining Lease (OMLs) 4, ...
Thursday, February 11th, 2010
Nigerian drilling contractor SeaWolf Oil Services Ltd. deployed its first indigenous jack-up rigs to offshore fields to explore for oil and gas. SeaWolf Oil Services said it was moving into ...
Wednesday, February 3rd, 2010
The main militant group in oil-rich Nigeria announced a formal end to an October cease-fire, saying oil companies should prepare for "an all-out onslaught."
The Movement for the Emancipation of the ...
Monday, February 1st, 2010
• Pegs production cost at $29 per barrel
The Nigerian National Petroleum Corporation has said the country would soon bounce back on track to make the projected 3million barrels daily ...
Saturday, January 30th, 2010
The Shell Petroleum Development Company of Nigeria Limited, Total Explor-ation and Production Limited and Nigeria Agip Oil Company have reached an agreement to jointly transfer 45 per cent stake in ...
Saturday, January 30th, 2010
MEND says after careful consideration and extensive consultation, the Movement for the Emancipation of the Niger Delta (MEND) today, Saturday, January 30, 2010, has decided to call off a unilateral ...
Tuesday, January 5th, 2010
Allied Energy and Eni, through its affiliate Nigerian Agip Exploration, have started up production from the Oyo oil field, located in the Niger Delta Deep offshore, about 75 kilometers off ...
Tuesday, January 5th, 2010
Nigeria’s oil output rose 100,000 barrels a day to an average 2.005 million, the biggest increase of any member and the highest level since March 2008. Nigeria exceeded its target ...
Tuesday, November 24th, 2009
The Shell Petroleum Development Company (SPDC), operators of a joint venture with the Nigerian National Petroleum Corporation (NNPC), has set a record gas production with a total of 512 million ...
Friday, November 13th, 2009
Shell said suspected thieves have sabotaged five wellheads in the oil-producing Niger Delta since 14 August, some resulting in fires. No production was affected since most of the oilfields were ...
Thursday, November 12th, 2009
The Shell Petroleum Development Company of Nigeria Limited (SPDC) announced resumption of crude oil production at its 115,000 barrels per day (bpd) East Area (EA) oilfield.
The oilfield was shut down ...
Thursday, November 12th, 2009
SECURITY agents were yesterday put on the high alert over the high rate of illegal bunkering and theft in the oil sector.
The Speaker of the House of Representatives, Dimeji Bankole, ...
Tuesday, September 29th, 2009
US crude futures for November gained $0.03 to $66.87 a barrel by 06.40 GMT (2.40am EDT), after closing up $0.82 on Monday, reported Reuters.
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Unrest in Nigeria's oil-rich Niger Delta is ...
Friday, September 25th, 2009
Pan-African bank Ecobank will arrange a syndicated $300 million facility to refinance the debts of Ghana's Tema Oil Refinery (TOR), an Ecobank official said on Monday. The facility will cover ...
Thursday, September 17th, 2009
NYMEX crude for October delivery was up $0.05 at $72.56 a barrel by 06.36 GMT, after settling up $1.58 on Wednesday, ICE Brent was down $0.07 at $71.60.
American Petroleum Institute ...
Thursday, September 10th, 2009
US light sweet crude rose $0.85 to $72.16 in Asian trading
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World oil demand is expected to grow by 900,000 barrels to 84.6million barrels per day (mbd) in 2010, and return ...
Sunday, August 9th, 2009
The world is heading for a catastrophic energy crunch that could cripple a global economic recovery as key oil fields pass peak production, the International Energy Agency's (IEA) chief economist ...
Tuesday, August 4th, 2009
The Niger Delta crisis – which has dealt a heavy blow to Nigeria’s oil income and crude production – is finally threatening to consume the country’s foreign reserves which had ...
Friday, July 31st, 2009
Oil major Royal Dutch Shell posted a 70% fall in second quarter net profit, as oil prices and refining margins tumbled, but gains in foreign exchange has helped the company ...
Wednesday, July 29th, 2009
Dolphin Energy of Abu Dhabi, in a move to increase its Qatari gas supply by one billion cubic per feet per day to meet growing UAE and Omani demand and ...
Wednesday, July 22nd, 2009
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The Permanent Court of Arbitration in The Hague on Wednesday moved the borders of Sudan's Abyei region, leading Khartoum to claim control of the oil fields at the heart of ...
Tuesday, July 21st, 2009
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The Committee of the Indigenous Associations of Lagos State, have condemned the attack by the Movement for the Emancipation... of Niger Delta (MEND) on the Atlas Cove oil facility in ...
Saturday, July 18th, 2009
A bill which seeks to reform Nigeria's oil sector will strip its operations of secrecy and make them transparent, Nigerian oil minister Rilwanu Lukman said Thursday. "The bill removes confidentiality ...
Thursday, July 16th, 2009
Lagos State Governor, Babatunde Fashola (SAN) yesterday expressed condolence to the families of the officers and men of the Armed Forces who were victims of the recent attack on the ...
Monday, July 6th, 2009
France's Total and China National Petroleum Corporation plan to bid for two large oil blocks being auctioned in Venezuela, instead of one in which they had already shown interest.
The sources ...
Friday, June 26th, 2009
Oil prices rose towards $70 a barrel yesterday following an attack on Shell’s Billie-Krakama pipeline in Rivers State by the Movement for the Emancipation of the Niger Delta (MEND). ...
Wednesday, June 24th, 2009
The oil output decline caused by the militant attack will directly reduce Nigeria's financial income and increase its deficit in budgets. In turn, Nigeria, a country mainly depending on oil ...
Tuesday, June 23rd, 2009
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Economic Mills Energy Nigeria to give Ghana more crude oil, extend credit days
From Benjamin Mensah, GNA Special Correspondent, Abuja, Nigeria
Abuja, Nigeria, June 19, GNA - President ...
Wednesday, June 17th, 2009
China will start to build oil and gas pipelines through Burma in September to shorten the journey time for crude imports from the Middle East and Africa.
The section of the ...
Monday, June 15th, 2009
Over the weekend the Movement for the Emancipation of the Niger Delta (MEND) said that it had attacked more than one facility belonging to US major Chevron in the Niger ...
Wednesday, June 10th, 2009
)))Abu Dhabi official crude selling price down 52.06%
The official selling price of Abu Dhabi's crude oil grades averaged US$59.49 a barrel in May, down 52.06 per cent from an average ...
Tuesday, June 9th, 2009
)))The Petroleo Brasileiro consortium, in which Petrobas holds a 65% operating stake, has confirmed the potential for 5-8 billion barrels of recoverable light oil and natural gas in the pre-salt ...
