Tuesday, February 28, 2017
Kachikwu

Nigeria Capable of three million barrels of Crude Per Day – Kachikwu

Nigeria's Minister of State for Petroleum Resources , Ibe Kachikwu, says that Nigeria has daily production capacity of three million barrels of crude oil from the Niger Delta region. Mr. Kachikwu stated this at a...
Petroleum Industry Bill

Nigeria: Petrol Price Still N145, Says NNPC

Nigerian National Petroleum Corporation has enjoined motorists in Abuja and its environs, and indeed the federation, not to engage in any panic buying of petroleum products. NNPC assures motorists that the Corporation has 1.3billion litres...
Diesel

Ghana: Currency fluctuation destabilizes Fuel price

The Chamber of Petroleum Consumers (COPEC) says the continuous fall of the cedi against the dollar has resulted to the recent price hikes of fuel at the pumps. It says the situation has resulted in...

50 Firms bid for NNPC’s Boat Supply Term Contract

A total of 50 companies recently submitted bids to partake in the provision of sea worthy Tug boats on charter time basis for the maritime operational requirements of the Nigerian state owned oil corporation...
Oil

Nigeria: Schlumberger Partners NNPC on Frontier Exploration

Nigeria's state oil corporation has partnered multinational oil service company, Schlumberger, in the deployment of state-of-the-art technology in the ongoing search for commercial hydrocarbon deposits in the Chad basin and other parts of the...
Tullow Oil

Tullow Sells Stake in Oil Fields to Total Uganda for $900m

Tullow Oil plc has agreed to transfer 21.57 per cent of its 33.3 per cent stake in three oil exploration sites in Uganda to Total Uganda for $900 million. “The deal will secure future cash...

39 Firms Contracted to Lift Nigerian Crude in 2017

The Nigerian National Petroleum Corporation (NNPC) on Wednesday released names of 39 companies that will be involved in the sale and purchase of Nigerian crude for 2017/2018. Announcing the results on its Website, the Group...
Petroleum Industry Bill

US Crude Inventories Data Secures Gain for Oil Prices

Oil prices recorded 1.8 per cent gains on Wednesday on the strength of expectations that U.S. crude inventories have dropped. Industry group the American Petroleum Institute reported preliminary data that showed inventories fell by 7.4...
Shell

Ophir Energy Finds Oil for Shell in Tanzania

Ophir Energy has announced the safe and timely conclusion of the drilling of two exploration wells in offshore Tanzania. The operator of these blocks, Shell, has confirmed the discovery of good quality reservoir in both...
gas

Peace in Niger Delta Boosts Nigeria’s Gas Reserves

The recent relative peace in the Niger Delta has translated into a boost for Nigeria's gas reserves as the Nigerian National Petroleum Corporation (NNPC) has promised to continue to sustain viable solutions to the...