Nigeria’s Bonny Light passes $72 as oil production hits 1.81mbpd in March

Nigeria’s Bonny Light passes $72 as oil production hits 1.81mbpd in March

Nigeria’s Bonny Light crude oil price touched it’s highest since 2014 at the weekend, supported by the Organisation of the Petroleum Exporting Countries (OPEC)...

Read More
Little spot trading for Nigerian crude as June export plans expected

Little spot trading for Nigerian crude as June export plans expected

Nigerian crude trading was limited as the market awaited more export plans, Reuters reports. One cargo of Qua Iboe will sail to India as part...

Read More
11 Plc launches new gas engine oil product to lower emissions in Nigeria

11 Plc launches new gas engine oil product to lower emissions in Nigeria

11 PLC (Double One), formerly called Mobil Oil Nigeria plc, has launched its Mobil Pegasus 1005 premium natural gas engine oil, in a bid...

Read More
Oil, gas to remain dominant in energy mix for several decades – Barkindo

Oil, gas to remain dominant in energy mix for several decades – Barkindo

The Secretary General of OPEC, Mohammed Sanusi Barkindo, has said that despite the speed of the annual growth rate for renewables in recent times,...

Read More
Nigeria’s oil production behind budget benchmark by 277,000 bpd

Nigeria’s oil production behind budget benchmark by 277,000 bpd

Nigeria’s crude oil production stood at 2.022 million bpd in March, 277,000 bpd below the 2.3 million bpd benchmark for budget 2018, indicating, the...

Read More
Erin’s declaration of force majeure impacts Bumi Armada FPSO

Erin’s declaration of force majeure impacts Bumi Armada FPSO

Bumi Armada has been informed of the suspension of its Armada Perdana floating production storage and offloading (FPSO) unit by Erin Petroleum Nigeria Ltd...

Read More
Quantum, Dangote petrochemical projects to meet growing plastics demand

Quantum, Dangote petrochemical projects to meet growing plastics demand

A new report has put the compound annual growth rate (CAGR) for the plastics subsector of the Nigerian economy at 7 per cent over...

Read More
Trading of Nigerian crude muted on high seller offers

Trading of Nigerian crude muted on high seller offers

Trading remained hampered by differentials on Nigerian grades that buyers said were too high, Reuters reports. Nigerian deals remained limited as sellers kept differentials at...

Read More
NLNG cargo to arrive Portugal on April 22

NLNG cargo to arrive Portugal on April 22

REN’s Sines LNG import terminal on Portugal’s Atlantic coast is scheduled to receive a cargo of liquefied natural gas later this month, LNG World News...

Read More