Nigeria to Award 45 Gas Flare licenses in June
As part of its efforts to end gas flaring in Nigeria and increase its gas footprint, the Federal Government of Nigeria will grant 45 licenses to qualified bidders in June...
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Total to Change its Name to “Total Energies”
At the 5th Sub Saharan African International Petroleum Exhibition and Conference (SAIPEC) organised by the Petroleum Technology Association of Nigeria (PTAN), the Chief Executive Officer of Total, Mike Sangster, disclosed...
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AGIP Shuts Down Oilfield in Bayelsa Due to Leakage
Last week, the Nigerian Agip Oil Company (NAOC) confirmed an oil leak from its Idu oilfields at Egbebiri settlement within Biseni, Yenagoa Local Government Area of Bayelsa State, which caused...
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Nigerian State-owned Refineries Processed no Crude Oil in January 2021
In the latest published financial and operations report by the Nigerian National Petroleum Corporation, NNPC, the three state-owned refineries did not refine any crude oil in January 2021. The refineries...
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Nigeria Exceeds OPEC+ Quota for April; to Compensate before end of September
Nigeria exceeded the April production quota set by the Organisation of Petroleum Exporting Countries (OPEC) and its allies (OPEC+) by 84,000 barrels per day, producing 1.6 million barrels per day...
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Nigerian Heirs Oil & Gas Appoints New CEO and Additional Board Members
The sole operator of OML 17 in Nigeria Delta, Nigeria, and a subsidiary of Heirs Holdings Limited (HH), Heirs Oil & Gas (HHOG), has announced the appointment of Osayande Igiehon...
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Nigerian UTM Offshore to Sign Pre-FEED Contract for its LNG Plant with JGC Corporation
Indigenous oil and gas company, UTM Offshore, has commenced the development of its 176 million cubic feet per day Liquefied Natural Gas (LNG) floating plant with the Pre-Front End Engineering...
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Brent Crude Rises to Almost $70; May Pose Threat to Nigerian Government’s Subsidy Payment
The international oil benchmark, Brent Crude, was just about 30 cents away from hitting $70 amid market optimism on the United States and Europe reopening. According to data from Oilprice.com,...
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ADM Energy Completes Barracuda Field Acquisition Offshore Nigeria
ADM Energy has announced the completion of its acquisition of a controlling interest in a Risk Sharing Agreement for the development of the large-scale Barracuda field in OML 141, offshore...
Read More US Import of Nigeria Crude Oil Dropped to the Lowest in Five Years in 2020
According to data from the US Energy Information Agency, the United States imports of Nigerian crude oil fell by 64.12%, the lowest in five (5) years, in 2020. The US...
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