NNPC to establish 200,000bpd condensate refineries in Delta, Imo

NNPC to establish 200,000bpd condensate refineries in Delta, Imo

The Nigerian National Petroleum Corporation will establish two condensate refineries with a total refining capacity of 200,000 barrels per day at Western Forcados Area...

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Nigerian crude overhang continues to clear gradually

Nigerian crude overhang continues to clear gradually

The overhang of Nigerian crude has cleared further thanks to a pick-up in buying interest, traders said on Friday. The number of unsold cargoes from...

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Tinubu laments fuel subsidies impact on Nigeria’s downstream sector

Tinubu laments fuel subsidies impact on Nigeria’s downstream sector

Oando CEO Wale Tinubu in a recent interview in Lagos commented on a Nigerian government cap on petrol prices at below-market costs that has...

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Nigerian banks incapable of funding $7bn NLNG Train 7 project – Stakeholders

Nigerian banks incapable of funding $7bn NLNG Train 7 project – Stakeholders

Stakeholders have continued to applaud the Nigerian Liquefied Natural Gas (NLNG) Limited over its decision to source about $7 billion from global financial markets...

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Oando looks to increase output from its oil assets as it gets debt under control

Oando looks to increase output from its oil assets as it gets debt under control

Nigerian oil firm Oando is looking to boost crude output from next year as it breaks the back of a $2.5bn debt burden. That...

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Nigeria imported 165.7m litres of LPG in Q2 – NBS

Nigeria imported 165.7m litres of LPG in Q2 – NBS

The National Bureau of Statistics (NBS) said 165.71 million litres of Liquefied Petroleum Gas (LPG) was imported into the country in the second quarter...

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Egina FPSO to set sail for 200,000bpd offshore field

Egina FPSO to set sail for 200,000bpd offshore field

Nigeria’s oil and gas sector is set to record another milestone as the $3.3 billion Floating Production Storage Offloading (FPSO) unit built by Samsung...

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Shell MD says lengthy contracting process killing Nigeria’s oil & gas industry

Shell MD says lengthy contracting process killing Nigeria’s oil & gas industry

The Managing Director, Shell Petroleum Development Company (SPDC), Mr. Osagie Okunbor, has described the lengthy contracting process in the oil and gas sector as...

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U.S. imports of Nigerian oil drop to three year low

U.S. imports of Nigerian oil drop to three year low

United States (U.S.) crude oil imports from Nigeria in July plunged to its lowest level in three years and are continuing to slip, as...

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