Sunday 29th November 2020,
Hope for Nigeria

Browsing the "Oil & Gas" Category

Okonjo-Iweala

Nigeria losing 400,000 barrels of oil daily –Okonjo-Iweala

The nation’s economy is currently in a precarious position following the admittance of the Federal Government that estimated 400,000 barrels of crude oil are being lost daily to illegal bunkering, vandalism of infrastructure and halt in production.   As a [...]

July 18, 2013 Oil & Gas
India Now Nigeria’s Biggest Crude Oil Buyer

India Now Nigeria’s Biggest Crude Oil Buyer

INDIA High Commissioner in Nigeria, Mr Mahesh Sachdev, on Wednesday, said that the Indian government now leads the United States in the purchase of crude oil from Nigeria. He disclosed this during a courtesy call on Niger State Governor, Babangida [...]

July 4, 2013 Oil & Gas
cooking_gas_cylinders

Price Of Cooking Gas Rises by 16.6 Percent

The price of Liquefied Petroleum Gas (cooking gas) has risen by about 16.6 per cent at most retail outlets in Lagos and Ogun State, sequel to the face-off between the major supplier of the product in the country, Nigerian NLG [...]

July 3, 2013 Oil & Gas
NNPC Advises Against Buying And Hoarding Of Petroleum Products

NNPC Advises Against Buying And Hoarding Of Petroleum Products

The Nigerian National Petroleum Corporation (NNPC) has assured of adequate stock of petroleum products in the wake of strike by the National Union of Petroleum and Natural Gas Workers (NUPENG). The assurance is contained in a statement issued in Abuja [...]

July 2, 2013 Oil & Gas
By Clara Nwachukwu

Oil discovered in Lagos By Clara Nwachukwu

Nigeria’s commercial capital, LAGOS, is on the verge of joining the country’s oil-producing states with the discovery of crude oil in commercial quantities in the coastal state. Yesterday, Afren Plc and its partner, Lekoil Limited, announced significant oil discovery offshore [...]

June 27, 2013 Oil & Gas
A - Z of the fraudulent Malabu oil deal

Nigeria – A – Z of the fraudulent Malabu oil deal : The Economist

Court documents shed light on the manoeuvrings of Shell and ENI to win a huge Nigerian oil block and on the dilemmas of their industry     DEALS for oilfields can be as opaque as the stuff that is pumped [...]

June 25, 2013 Oil & Gas
Shell Venture to Invest $1.5 Billion in New Nigeria Pipeline

Shell Venture to Invest $1.5 Billion in New Nigeria Pipeline By JAMES HERRON and SARAH KENT

A joint venture led by Royal Dutch Shell RDSB.LN -1.12% PLC said Friday it will invest $1.5 billion on a new pipeline in Nigeria in a bid to reduce oil theft that has caused serious environmental damage in the country [...]

June 24, 2013 Oil & Gas
Goodluck Jonathan

FG Recovers N316billion From Oil Companies.

As a result of independent audit reports that focused on public disclosure by the Nigeria Extractive Industry Transparency (NEITI), President Goodluck Jonathan’s government has so far recovered about N316billion ($2 billion) debt owed it by oil firms operating in the [...]

May 8, 2013 Oil & Gas