updated Fri. March 15, 2024
-
Daily Trust
April 22, 2018
It's titled “The Battle Raging in Nigeria over Control of Oil”. See https://www.youtube.com/watch?v=vAgw_Zyznx0&feature=youtu.be. It is a very depressing watch. An American lady - one of those daring activists - came on a trip to Nigeria's oil zone to show us what we never show ourselves. If there isÃâà...
Vanguard
April 21, 2018
An improvement in Nigeria's oil earnings is on course as prices held firm on Friday near three-year highs reached earlier this week as ongoing ... Led by top exporter Saudi Arabia, the Organization of Petroleum Exporting Countries (OPEC), has been withholding production since 2017 to draw down aÃâà...
CNBC
April 20, 2018
Nigerian President Muhammadu Buhari met with Shell on Wednesday as part of talks he said were to secure $15 billion of investment in his country. ... Oil accounts for approximately 35 percent of Nigeria's gross domestic product, according to the Organization of the Petroleum Exporting Countries (OPEC),Ãâà...
OilPrice.com
April 11, 2018
Despite the fact that Nigeria as a whole managed to increase and stabilize its crude oil production last year, crude oil theft on Shell's pipeline network ... to the Nigerian National Petroleum Corporation (NNPC), followed by taxes to the federal inland revenue service, royalties to the Department of PetroleumÃâà...
Platts
April 10, 2018
Shell Nigeria's oil production averaged 631,000 b/d of oil equivalent in 2017, bolstered by output from onshore and shallow water assets, according to data ... November 2016, the security situation remains volatile in this region of the country," Shell said in briefing notes on its Nigerian operations in 2017.
Financial Mail
April 5, 2018
Over the past 40 years, Nigeria has emerged as an oil powerhouse — the biggest in Africa. But as the Nigerian government struggles to emerge from petroleum dependency, opportunities for growth have emerged in other sectors. From Kano's rice plantations to a fledging gas economy in Bayelsa, NigeriaÃâà...
CNBC
March 29, 2018
Nigerian President Muhammadu Buhari initially presented the 2018 budget of 8.6 trillion naira to lawmakers in November but still needs approval. The sum is the country's biggest ever. This comes as Nigeria moves past its recession of 2016, in which the country's economy shrank by 1.58 percentÃâà...
OilPrice.com
March 28, 2018
Thousands of oil workers in Nigeria may lose their jobs after a wave of picketing against several service companies from the industry from members of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN). The protests follow allegations that the service companies are refusing toÃâà...
ETEnergyworld.com
March 4, 2018
More than half of those involved in its construction were Nigerian and more than 75 percent of the work was done in Port Harcourt or Lagos. The remainder was done at the Samsung shipyard in South Korea. "We would have never thought that these things could be done locally," said Dolapo Oni, an oilÃâà...
THISDAY Newspapers
March 4, 2018
The maiden edition of the Nigeria International Petroleum Summit ended on a positive note after the deliberation with critical stakeholders. ... At the end, there was optimism regarding the federal government's promise to start a Nigerian-inspired oil and gas summit to revive the hydrocarbon industry ofÃâà...
Citizen
March 4, 2018
Ladol, which provides support services to the oil and gas sector and where Egina has been moored, is 100 percent Nigerian. Its chief executive, Amy Jadesimi, said the vessel's arrival radically changed the landscape of the industry. “We now have the biggest crane capacity in the whole of Africa, we have aÃâà...
Premium Times
March 4, 2018
The Nigerian government has commenced legal proceedings against the Chinese-owned oil firm, Addax Petroleum Development Nigeria Ltd, over the company's alleged under-remittance of $3 billion in taxes and royalties. Court documents seen by PREMIUM TIMES show that the funds, according to theÃâà...
OilPrice.com
March 3, 2018
Nigeria's inefficient refineries are unable to meet domestic fuel demand and have made Nigeria the only OPEC member to import gasoline, according to the managing director of the Nigerian National Petroleum Corporation (NNPC), and is the world's largest petrol importer. “We actually import one millionÃâà...
SaharaReporters.com
March 3, 2018
Nigeria has commenced legal proceedings against Chinese owned oil firm, Addax Petroleum, for recovery of the sum of $3 billion alleged to be under-remitted royalties, and taxes by the company In the documents filed before Justice Olatoregun on Friday, Nigerian governments said the funds areÃâà...
The Economist
March 2, 2018
RESOURCE-RICH Nigeria has long ignited interest from oil firms, but it can be a dangerously combustible environment when it comes to the risk of ... In 2010 both entered into deferred-prosecution agreements with America's Department of Justice after being implicated in separate Nigerian briberyÃâà...
Quartz
March 2, 2018
All through 2016, Nigeria's economy was bogged by its first recession in two decades and strict currency policies amid low oil prices. But, 2017 was very different. The latest data from Nigeria's National Bureau of Statistics (NBS) shows Nigeria's economy recorded 0.83% growth in 2017. The meager growthÃâà...
OilPrice.com
February 19, 2018
As OPEC allies push to restrict oil output in an international attempt to bolster crude prices, Nigerian producers are heading in the opposite direction, aspiring to increase output by 250,000 more barrels a day to reach their overall goal of 2.5 million per day by 2020. Look no further than Shoreline Group,Ãâà...
SaharaReporters.com
December 31, 1999
Just one shipment of Nigeria's Qua Iboe brand will be delivered to India out of the May load, the news organization reported. Talks of curtailed supply for June exports are been discussed with the Nigerian National Petroleum Company (NNPC), as traders predict that oil majors; Shell, Total and BritishÃâà...
SaharaReporters.com
December 31, 1999
Workers of Addax Petroleum Development Nigeria Limited under the umbrella of Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, commenced indefinite strike on Monday over alleged impunity by the management of the company. According to reports, the striking workersÃâà...
