The United States’ Energy Information Administration said domestic output of crude oil will climb to a record 9.96 million barrels a day in 2018, up from 9.9 million barrels projected last month, according to the agency’s monthly Short-Term Energy Outlook released May 9.
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Oil workers under the aegis of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has threatened to shut down the operations of Mobil Producing Nigeria Unlimited, an affiliate of ExxonMobil until the sacked workers are recalled.
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The Nigerian National Petroleum Corporation and its partners have evolved a scheme to grow gas supply for domestic consumption by 285 per cent.
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A multi-national oil company, Agip has concluded plan to build a brand new refinery of 150,000 barrels capacity in Port Harcourt.
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The Petroleum Tanker Drivers (PTD) section of the Nigeria Union of Petroleum and Natural Gas workers (NUPENG) has denied the allegation that the detained Managing Director of Capital Oil and Gas Limited, Mr. Ifeanyi Ubah, incited it to embark on strike and cause economic sabotage.
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The Federal Government may prosecute oil magnate, Ifeanyi Ubah, who is currently being detained by the Department of State Services.
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The Federal Government on Wednesday said it would revoke licenses given to individuals and corporate organisations for private refineries but were yet to be utilised.
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The Managing Director of the Lagos Deep Offshore Logistics, Dr. Amy Jadesimi, speaks about the potential of the maritime sector and LADOL’S $500m investment in a vessel-fabricating facility expected to generate 50,000 jobs and attract $10bn private sector investment: How has it been running LADOL for eight years? As the Managing Director of LADOL, I have a very broad charge. […]
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Nigerian commander Remi Fadairo points to the roiling plume of black smoke blotting the morning horizon in the Niger Delta – the unmistakable sign of an illicit oil refinery. “Let’s see if we can go eat them for breakfast,” he says with an ominous chuckle. The 44-year-old colonel, a man with broad shoulders wearing his fatigues tucked into gumboots, is […]
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Sheds N83 billion in one month Nigeria’s crude oil production fell by 156,900 barrels per day (bpd) to 1.269 million bpd in March, from 1.426mbpd recorded in February. Consequently, the country lost its status as Africa’s top oil producer to Angola, according to latest data from the Organisation of Petroleum Exporting Countries (OPEC). With the cumulative loss of 4.8 million […]
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The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has continued his drive to have International Oil Companies (IOCs) operating in Nigeria deepen their investments in the country with a visit to United States oil firm, ExxonMobil. The minister according to a statement from the ministry yesterday in Abuja, met with top executives of ExxonMobil at its headquarters in […]
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Experts fret over petroleum industry outlook To douse tension in the oil-rich Niger Delta, the Federal Government plans to award to indigenes of the region marginal fields’ oil blocks abandoned by the oil majors as being not commercially viable. The plan is in line with the government’s larger objective of reducing major incidents of restiveness to about 90 per cent […]
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