Tuesday, March 16th, 2010
On Tuesday, 16 March 2010 Royal Dutch Shell plc gave an update on the Royal Dutch Shell plc strategy. You can register for the webcasts.
Shell today said it was ...
Saturday, March 13th, 2010
Shell said Thursday it had closed down two gas plants feeding Nigeria's power stations so that it could carry out repairs on a damaged supply pipeline in the restive oil-producing ...
Thursday, March 11th, 2010
Joint Bilateral Cooperation talks between Nigeria and Namibia will hold in Windhoek later in the year.
It was learnt yesterday that this was aimed at further strengthening bilateral relations between ...
Thursday, March 11th, 2010
The management of Ghana National Petroleum Corporation (GNPC) is still in discussion with management of Kosmos Energy over the purchase of its stake in the Jubilee oil field, GNPC Managing ...
Tuesday, March 9th, 2010
Planted explosives damaged a Royal Dutch Shell PLC oil flow station in the Niger Delta, a company spokesman said Wednesday, marking the latest attack in a region supposedly brought under ...
Tuesday, March 9th, 2010
Nigeria's parliament is debating a new oil law that foreign companies say could drive away billions of dollars in future investment. The government's petroleum ministry says it will recoup ...
Tuesday, February 23rd, 2010
Oil industry analysts warn the bill before lawmakers would cut drastically into company profits and ruin the business climate.
Nigeria's proposed oil industry reforms could drive away $50 billion in investment ...
Friday, February 12th, 2010
The Minister of Foreign Affairs, Ojo Maduekwe, has expressed the willingness of the federal Government to partner with Kuwait on areas of energy and infrastructural development in order to secure ...
Saturday, January 30th, 2010
The Shell Petroleum Development Company of Nigeria Limited (SPDC) today agreed to transfer its interest in three production licences and related equipment in the Niger Delta to a consortium led ...
Monday, January 25th, 2010
In a bid to explore the multi-billion dollar bunkering market potentials in Nigeria and the Gulf of Guinea, the federal government yesterday said it has inaugurated an 18-member committee of ...
Tuesday, January 19th, 2010
The Indian Government has granted state-owned Oil and Natural Gas Corporation (ONGC) Videsh the approval to invest $359 million during the first exploration phase in two Nigerian deep water blocks, ...
Tuesday, January 19th, 2010
A bilateral capacity building workshop between Nigeria and the United Kingdom commenced yesterday in Abuja with a charge on participants to acquire requisite capabilities to drive and deliver the objectives ...
Thursday, January 14th, 2010
Nigeria no longer relevant to output growth according to Shell CEO
Royal Dutch Shell PLC no longer looks to its troubled Nigerian operations to drive growth in its oil and gas output, ...
Tuesday, January 12th, 2010
Afren said the Ebok-6 appraisal well, located off the coast of Nigeria, has exceeded pre-drill expectations, raising estimates for the field.
The company said that Ebok-6 encountered a total of 107ft ...
Thursday, January 7th, 2010
Nigerian National Petroleum Corp. can’t pump crude to oil refineries at Warri and Kaduna because of damage to pipelines. “Many points of the pipeline are under serious attack,” NNPC spokesman ...
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 ...
Tuesday, November 24th, 2009
International Oil Companies (IOCs) operating in Nigeria are scrambling to renew their oil licences ahead of the passage of the Petroleum Industry Bill, (PIB) that could boost tax and royalty ...
Friday, November 13th, 2009
Offshore Construction
BJ Services Company recently completed a major subsea pipeline precommissioning operation for Saipem S.A. in Nigeria on the Akpo development, one of the largest deepwater developments ever undertaken. The ...
Wednesday, November 11th, 2009
President Umaru Yar'Adua on Thursday said de regulation of the petroleum sector was inevitable, noting that his administration was holding consultations and dialogue with all stakeholders to explain the necessity ...
Thursday, November 5th, 2009
Oando PLC has concluded plans to upgrade its Liquefied Petroleum Gas (LPG) terminal at Apapa, Lagos, to a 7,600 MT capacity ultra-modern terminal. The company has awarded a Front-End Engineering ...
Wednesday, October 21st, 2009
Acergy has announced the award of a $500 million contract from Chevron Nigeria for their gas development programme in Escravos, offshore Nigeria.
According to the company, the engineering, procurement, fabrication, transportation, ...
Tuesday, October 13th, 2009
•Mills-led govt now in credibility problem
The Nigerian National Petroleum Corporation (NNPC), which is holding the Federal Government’s equity in the oil and gas industry, has failed to supply crude oil ...
Tuesday, October 13th, 2009
US crude for November delivery rose $0.45 to $72.22 by 4am EDT. London Brent crude added $0.50 to $70.50.
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Nigeria's crude oil output is hovering between 1.6 and 1.7 ...
Wednesday, September 30th, 2009
The Tema Oil Refinery (TOR) would, by the end of next week, take delivery of the first consignment of 1.5 million barrels of crude oil from Nigeria.
Dr Kwame Ampofo, Acting ...
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 ...
Thursday, September 24th, 2009
Ghana continues to position itself as the investment destination of choice in the sub-region attracting new investments valued at US$111.67 million in the second quarter of 2009 alone), a significant ...
Tuesday, August 18th, 2009
Nigeria's central bank said on Friday it was injecting 400 billion naira ($2.6 billion) into five banks and removing their senior management because their undercapitalization posed a risk to the ...
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 ...
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 ...
Thursday, July 23rd, 2009
Tema, Ghana: In this gritty port city in eastern Ghana, the country’s only oil refinery currently processes 45,000 barrels of crude per day, mostly from other West African countries such ...
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 ...
Thursday, July 9th, 2009
Afren plc (“Afren” or the “Company”) announces that First Hydrocarbon Nigeria Company Limited (“FHN”) has been established to be a majority Nigerian owned oil and gas company in the indigenous ...
Wednesday, July 8th, 2009
Movement for the Emancipation of Niger Delta (MEND) on Sunday blew up a crude oil facility belonging to the United States oil major, Chevron.
The militant group also seized a chemical ...
Friday, July 3rd, 2009
Kosmos Energy, a privately-held oil company with a stake in Ghana’s newly-discovered oil reserves, has been the subject of interest from China and India’s ONGC. Now Shell is rumoured to ...
