Sirius Petroleum secures new rig for Ororo field drilling, cancels old deal

Sirius Petroleum secures new rig for Ororo field drilling, cancels old deal

AIM-listed Sirius Petroleum, the Nigeria-focused oil and gas development and production company, has decided, by mutual agreement with COSL, to abrogate its agreement with COSL for...

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Nigeria may not benefit from rising oil prices due to petrol subsidies

Nigeria may not benefit from rising oil prices due to petrol subsidies

The global oil community appears to be in a celebratory mood as the threat of sanctions on Iran by the United States has spiked...

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Made-in-Nigeria gas cylinders debut at World LPG Forum

Made-in-Nigeria gas cylinders debut at World LPG Forum

Nigeria’s oil and gas major, Techno Oil Ltd. has unveiled its TechnoGas LPG cylinders at the 31st World LPG Forum rounding off at Houston,...

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Experts call for total deregulation of petrol prices as oil prices soar

Experts call for total deregulation of petrol prices as oil prices soar

Some oil and gas experts have called for full deregulation of price of petroleum products in view of the rising prices of crude oil...

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B7JV signs $10m contract for Bonny LNG design services with NDIC

B7JV signs $10m contract for Bonny LNG design services with NDIC

Bonny7JV (B7JV), a UK-based joint venture led by KBR, JGC and TechnipFMC have awarded a $10 million contract to NDIC, a Nigerian-based consortium lead...

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Nation’s refineries to be fully functional next year – Kachikwu

Nation’s refineries to be fully functional next year – Kachikwu

The Minster of State for Petroleum Ibe Kachikwu said yesterday it will be sad if the nation’s refineries are not functional by the end...

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Nigeria realises 65% improvement in gas flaring – NGA

Nigeria realises 65% improvement in gas flaring – NGA

According to Dada Thomas, the President of the Nigeria Gas Association (NGA), over the last 10 years Nigeria has managed to reduce gas flaring...

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Traders eye Indian tenders as some spot Nigerian crude moves

Traders eye Indian tenders as some spot Nigerian crude moves

Sellers stayed largely on the sidelines on Thursday owing to a few tenders that were due to close while some Nigerian spot traded. High freight...

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Asia rushes W. African oil before U.S. sanctions hit Iran

Asia rushes W. African oil before U.S. sanctions hit Iran

Shipments of West African oil to Asia are set to hit a two-month high in October as Chinese refineries scramble for alternatives to Iranian crude...

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