Gas producers kick against JV cash call obligation
Stakeholders in the Nigeria gas sector have emphasised the need for the Federal Government to desist from Joint Venture (JV) funding, which gulped over $3.09 billion in the last one year.
Seven Energy signs $112 million PRG with government
Seven Energy International Limited (Seven Energy) has signed a $112 million Partial Risk Guarantee (PRG) with the Federal Government for the supply of natural gas ...
Midwestern Oil hits 10 million man-hours safety milestone
An indigenous oil firm, Midwestern Oil & Gas Company Limited, owned by a group of Nigerian investors and the Delta State Government, has achieved operational safety milestone ...
Casing drilling and production costs!
Casing drilling is an alternative option to conventional drilling and uses standard oilfield casing instead of drill-string. This technology involves drilling and casing ...
EU, OPEC worry as low oil prices crash investments
The European Union (EU) and the Organization of the Petroleum Exporting Countries (OPEC) were apparently unconfortable with the current trends of crude oil prices which has significantly crashed...
NNPC’s fuel import reform scheme reduces U.S. petrol export to Nigeria by 10,000bpd
The United States (U.S.) exports of gasoline to Africa decreased by 28,000 barrels per day (bpd) in 2015, compared with 2014 due to lower exports to Nigeria, one of Africa’s largest fuel importers.
Stakeholders seek deregulation of downstream sector
Stakeholders in the Nigeria’s downstream sector have called on the Federal Government to urgently deregulate and liberalize the country’s downstream petroleum sector for unfettered private sector participation ...
How to cushion pangs of sliding crude oil prices, by stakeholders
For Nigeria, a significant proportion of its total yearly revenue comes from the oil sector and remains the major foreign exchange earner.