Traders shun Nigerian crude, snap up Angolan oil

Traders shun Nigerian crude, snap up Angolan oil

Crude traders yesterday sidelined crude coming from Nigeria but showed interest in specifications from Angola. Differentials for Nigerian crude remained unchanged as a lack...

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Nigeria’s oil output rose to 2.158mbpd in September – Petroleum Ministry

Nigeria’s oil output rose to 2.158mbpd in September – Petroleum Ministry

The Federal Ministry of Petroleum Resources has disclosed that Nigeria’s oil production, including condensates, in the month of September was 2.158 million barrels per...

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Nigeria spends $11bn on petrochemicals import annually – Expert

Nigeria spends $11bn on petrochemicals import annually – Expert

Managing Director/Chief Executive Officer of Integrated Gas and Energy Services, LLC, Mr. Emmanuel Anyaeto, has disclosed that Nigeria spends about $11 billion on the...

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NIPCO shares growth strategy, increases capacity building

NIPCO shares growth strategy, increases capacity building

NIPCO Plc, says it has surged its investments on capacity building as it shared its strategy for its rapid growth in the country’s challenging...

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Oil firms to refine 20% of oil output locally – Kachikwu

Oil firms to refine 20% of oil output locally – Kachikwu

The Federal Government is considering a policy that will compel operators of major oil and gas exploration and production firms to refine 20 per...

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Polish refiner PKN Orlen expects first ever shipment of Nigerian oil

Polish refiner PKN Orlen expects first ever shipment of Nigerian oil

Polish oil refiner PKN Orlen expects to receive a first ever shipment of Nigerian crude oil next month, its CEO said, as Poland seeks...

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Nigerian LNG cargo to arrive Portugal on October 10th

Nigerian LNG cargo to arrive Portugal on October 10th

REN-operated Sines LNG import terminal in Portugal is scheduled to receive a cargo of the chilled fuel from Nigeria next week, according to the...

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Nigeria’s refineries lost N20bn in a single month – NNPC

Nigeria’s refineries lost N20bn in a single month – NNPC

The nation’s refineries, which have been operating below their installed capacities for many years, made a record loss of N20.08bn in May, the highest...

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FG kicks off Waltersmith’s 5,000 bpd modular refinery in Imo

FG kicks off Waltersmith’s 5,000 bpd modular refinery in Imo

The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, yesterday performed the ground breaking of a 5,000 barrel per day (bpd) capacity modular...

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