Thursday, March 11th, 2010
Nigeria may seek to increase its OPEC oil production quota if output remains free from militant disruption, an official from state-owned Nigeria National Petroleum Corp. said today. Attacks by armed ...
Tuesday, March 9th, 2010
Losses and liabilities totalling more than 2.5 billion dollars are pushing Nigeria's giant state oil firm NNPC towards extinction, Oil Minister Rilwanu Lukman warned on Friday.
The Nigerian National Petroleum Corporation ...
Friday, February 26th, 2010
The Group General Manager, Group Public Affairs Division of NNPC, Dr. Levi Ajuonuma, confirmed this in a statement yesterday, saying that the Kaduna refinery fully came on stream on February ...
Thursday, February 25th, 2010
Nigerian state oil firm NNPC said on Tuesday its Kaduna and Warri refineries were back on stream and that it wanted to get three of Nigeria's four refineries running at ...
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 ...
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 ...
Wednesday, January 27th, 2010
The Nigerian National Petroleum Corporation (NNPC) has signed a one-year agreement with South Korean company, Daewoo Shipbuilding & Marine Engineering Co. (DSME) for shipping of crude oil worth $100 from ...
Tuesday, January 19th, 2010
Lukman: Why we put deregulation on hold
It emerged yesterday that top executives of some International Oil Companies (IOCs) have commenced discussion with the Federal Government over the renewal of their ...
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 ...
Thursday, October 1st, 2009
Crude oil for November 2009 delivery declined as much as $0.72, or 1%, to $69.89 a barrel in electronic trading on the New York Mercantile Exchange on 30 September, Bloomberg ...
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 ...
Tuesday, June 30th, 2009
The Nigerian National Petroleum Corporation (NNPC) and the African Refiners Association (ARA) have vowed to improve the business of refining and products shipping for the benefit of the countries in ...
Tuesday, June 30th, 2009
The Nigerian Petroleum Development Company (NPDC), the Exploration and Production arm of the NNPC has discovered Oil from its Oil Mining Lease (OML) 64, otherwise known as Kukaku-1 well. The ...
Friday, June 26th, 2009
The Federal Republic of Nigeria and the Russian Federation yesterday signed six agreements bothering on nuclear energy, transfer of prisoners, investment promotion, cooperation on legal matters, Memora-ndum of Understanding in ...
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 ...
Friday, June 12th, 2009
The IEA raised its global estimate for daily oil demand by 120,000 barrels to 83.3 million barrels in its monthly. The increase was driven by the US and China. Consumption ...
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 ...
Tuesday, June 2nd, 2009
Crude oil for July 2009 delivery dropped as much as $0.78, or 1.1%, to $67.80 a barrel on the New York Mercantile Exchange. It was traded at $68.42 a barrel ...
Friday, May 15th, 2009
)))))))))Crude oil prices fell 69 cents to $57.93 per barrel. Heating oil prices dropped 0.0262 cents to $1.4685 per gallon. Reformulated blendstock gasoline dropped 0.0152 cents to $1.7085 per gallon. ...
Wednesday, May 13th, 2009
)))))))))US crude for June delivery was up $0.75 at $59.60 a barrel, having hit a high of $59.90. It settled $0.35 higher at $58.85 a barrel on Tuesday, off an ...
Thursday, March 19th, 2009
World oil prices retreated in Asian trade Wednesday after topping a two-month high above 49 US dollars overnight on concerns over weak global energy demand amid the economic
downturn, analysts said. ...
Wednesday, March 11th, 2009
Nigeria is the largest oil producer in Africa, the eleventh largest producer of crude oil in the world and a member of the Organization of Petroleum Exporting Countries (OPEC). In ...
Monday, March 9th, 2009
We are pleased to inform you of the forth coming Nigerian Global Energy Conference taking place on the 8th of May 2009 at the Hilton Americas in Houston Texas. The ...
Friday, February 27th, 2009
Iraq's Oil Ministry and British oil firm signed a joint venture deal on Thursday to drill 60 oil wells a year in southern Iraq, an Iraqi oil ministry statement said.
The ...
Wednesday, February 25th, 2009
- NNPC Seeks $1.7bn Loan
Nigeria’s quest for increased gas output to power electricity got a boost yesterday with the signing of a $1.69 billion loan agreement between the Nigerian National ...
Monday, February 2nd, 2009
Nigerian oil workers threaten to stop oil export over suspected corruption
Nigerian oil workers in the Department of Petroleum Resources (DPR) has vowed to shut down Nigeria's 21 crude oil export ...
Wednesday, December 3rd, 2008
Nigeria's draft 2009 budget includes $5 billion in funding for joint venture projects with foreign oil companies, President Umaru Yar'Adua told parliament on Tuesday. Funding shortfalls at state-run oil company ...
Thursday, October 30th, 2008
Total announces that its subsidiary Total E&P Nigeria Limited (TEPNG), operator of the NNPC/TEPNG joint venture with a 40% interest, has launched the OML 58 upgrade project. Nigerian National Petroleum ...
Tuesday, October 14th, 2008
CRUDE oil output of Nigeria’s largest upstream oil and gas exploration and production company, Shell Companies in Nigeria (SCiN), has dropped from an all time high in excess of 1.0 ...
Thursday, September 18th, 2008
NIGERIA may soon become a battle field for the European Union (EU) and Russia. The bone of contention is the country’s huge gas resources.
Nigeria, with its 185 trillion cubic feet ...
Monday, September 8th, 2008
AFRICAN Petroleum (AP) at the weekend spoke of plans to widen the scope of its operations.Such plans include a partnership with the Nigerian Petroleum Corporation (NNPC) for the establishment of ...
Wednesday, August 13th, 2008
Nigerian National Petroleum Corporation (NNPC) yesterday opened discussion with the Iranian Offshore Engineering and Construction Company (IOEC), for provision of offshore and onshore services in the oil and gas industry, ...
Tuesday, July 29th, 2008
Calgary, Alberta, July 29th, 2008 – Addax Petroleum Corporation (TSX: AXC and LSE: AXC) (“Addax Petroleum” or the “Corporation”) today made the following announcement.
The Corporation is aware of certain reports ...
Monday, June 23rd, 2008
According to reports by Thisday newspaper, The Nigerian National Petroleum Corporation (NNPC), Mobil Producing Nigeria (MPN) Limited and a consortium of Nigerian banks at the weekend in far away London ...
