NNPC set to acquire oil blocks in W’Africa, others – Baru

NNPC set to acquire oil blocks in W’Africa, others – Baru

The Nigerian National Petroleum Corporation’s (NNPC)’s upstream subsidiary, the Nigerian Petroleum Development Company (NPDC), has disclosed plans to acquire oil blocks in West Africa...

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Sasol, IOC pick up Nigerian crude oil cargoes

Sasol, IOC pick up Nigerian crude oil cargoes

More Nigerian crude oil cargoes have been placed with tender buyers as South Africa's Sasol and India's IOC picked up cargoes, Reuters reports. Fewer than...

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Oil exports receive 75,000bpd boost from OML 30

Oil exports receive 75,000bpd boost from OML 30

Nigeria’s crude oil production got a boost at the weekend as output from Oil Mining Lease (OML) 30 peaked at 75,000 barrels per day...

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Buhari says he ‘can’t tell the U.S. what to do’ on crude oil

Buhari says he ‘can’t tell the U.S. what to do’ on crude oil

The Nigerian president said Monday that he can’t force the U.S. to buy its crude oil after the boom in U.S. shale oil production...

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Experts say M&A needed to spur development of Nigerian oil assets

Experts say M&A needed to spur development of Nigerian oil assets

Industry experts have highlighted the need for mergers and acquisition deals to unfold in the oil industry in the coming years to exploit Nigeria's...

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Oando PLC announces Q1 2018 results, records N4.1bn Profit-After-Tax

Oando PLC announces Q1 2018 results, records N4.1bn Profit-After-Tax

Oando PLC (referred to as “Oando” or the “Group”), Nigeria’s leading indigenous energy group listed on both the Nigerian and Johannesburg Stock Exchange, today...

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Buhari’s discussions with Trump could include oil exports

Buhari’s discussions with Trump could include oil exports

As President Trump meets with President Muhammadu Buhari, the leader of Nigeria for a day of talks at the White House, the Washington Examiner...

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Deepwater PSCs likely to be affected in new Nigerian oil law

Deepwater PSCs likely to be affected in new Nigerian oil law

Companies operating Production Sharing Contracts PSCs, in Deepwater will lose significant revenue, when all the several bits of Nigeria’s Petroleum Industry Bill (PIB) are...

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DPR to close 600 petrol stations in Cross River

DPR to close 600 petrol stations in Cross River

The Department of Petroleum Resources (DPR) will soon embark on visits to petrol stations in and around the country to identify operators without licence,...

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