Nigeria Archives - Page 18 of 18

24th June 2020

Nigeria: NNPC Announces Oil Exploration in Bida Basin, as NCDMB Launches BrentPlus

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, has announced that the corporation had commenced the exploration of oil in the Bida basin, which comprises eight...

20th June 2020

OPEC’s JMMC sets Monday Deadline for Submission of Compensation Plan to Secretariat

The Organisation of Petroleum Exporting Countries (OPEC) has mandated Nigeria, and other laggards in the first month of the oil production cut, to submit their oil production cut compensation plans...

18th June 2020

The Nigerian Senate Committee on Petroleum Resources Reacts to NNPC GMD’s Revelations

The Chairman Senate Joint Committee on Petroleum Resources (Upstream and Downstream), Senator Sabo Muhammad, reacted to the presentation of the country's Group Managing Director of the NNPC during the interactive...

17th June 2020

Zenith Energy Announces Intention to Partake in Nigeria’s Marginal Field Bid Round

International oil & gas production company, Zenith Energy, has announced that it is participating in the 2020 Marginal Field Bid Round exercise in Nigeria being organised by the country's Department...

17th June 2020

African Petroleum Producers’ Organization Concludes 38th Council of Ministers Meeting

The Council of Ministers of the African Petroleum Producers' Organization (APPO) held a virtual meeting on 15th June, 2020 as earlier reported. The meeting had in attendance ministers and representatives...

13th June 2020

Most Nigerian Filling Stations Complying with New Fuel Prices – DPR

The Nigerian Department of Petroleum Resources (DPR) disclosed on Wednesday that at least 94 percent of retail fuel stations across the country were complying with the new PMS price of...

11th June 2020

Nigeria to Reach OPEC+ Compliance by July – Mele Kyari

The General Managing Director of the Nigerian National Petroleum Company (NNPC), Mele Kyari, has stated that Nigeria will reach full compliance with the OPEC+ deal by “maximum, middle of July.”...

3rd June 2020

Nigeria Commences 2020 Marginal Fields Bid Round for 57 Fields

Nigeria's Department of Petroleum Resources (DPR) has announced the commencement of its 2020 Marginal Field Bid Round exercise, with a total of 57 fields located on land, swamp, and shallow offshore...

19th May 2020

Nigeria’s Adherence to Oil Production Cut Will Lead to Deeper Economic Recession – Fitch

On Monday, 18th May, 2020, Fitch Ratings Agency said that the agreement between OPEC Member Countries and its allies to cut their daily oil production to 10 million barrels per day,...