Nigeria to increase gas production in 2018: Nigeria gas contribution to the world market is less than 5%. Although the country experienced a deep cut in production from 2016, now the atmosphere seems better. The government’s plan to end gas flaring by 2019 will become a reality if production can ...

World Bank forecast better economic output for 2018 The unstable price of commodity experience in 2016-2017 will not likely happen in 2018. Nigeria should try to maintain is a good production level which fortunately is approaching two million barrels per day. Crude oil is expected to extend its recent gains ...

NNPC consider additional refinery: The GMD of NNPC has engaged investor to consider building refinery another refinery in the south-south region. This became necessary with the government agenda to end fuel importation by 2019. The selected state is well positioned geographically to have a refinery and also to leverage especially ...

Aiteo emerges Nigeria leading oil and gas Company: The company recorded a peak in production of 90,000bopd, just one year after its acquisition of sub-Saharan Africa’s reputedly largest onshore oil block, OML 29. it has also attracted direct foreign investment worth more than $4bn to the Nigerian economy while ...

Reduction in sulphur content for Nigeria crude: The current maximum sulphur level is 1,000 ppm for gasoline and 3,000 ppm for diesel. However, the government had given a target to slash allowed sulphur on imports to 50 parts per million (ppm) for diesel and 150 ppm for petrol from July ...

Nigeria Oil excess revenue rose by 50%: The crude revenue rose between August and September, 2017 following the increase in price from $49 to $54/barrel. The Nigeria budget was benchmarked at $44/barrel earlier this year. production is currently at 2.2 barrels per day output, Nigeria would generate $22 million as ...

Shell shutdown 2 flow stations in N-Delta: Over the previous weeks there have been speculations that indigenes of the community in Rivers states make their way into the facility at night, this has huge safety implications on the people close to the 2 stations. SPDC has reached out to the ...

Nigeria to legalize mini refineries in Niger Delta In other to fulfill the host community demand and to stop the proposed ultimatum to IOC's, mini refineries will start up oil production in the region. The government through NNPC JV will supply crude to interested indigenous oil merchant by the end ...

FG licenses 10 more Modular Refineries This is as part of the government efforts to expand the nation’s refining capacity, a total of 32 licenses exist till date. As at end of Q1 2016, 22 modular refineries had been licensed by DPR with daily refining capacity of 1,429,000m bpd while ...

  Oil and Gas Landscape:   Oil Producing Countries at Risk of Electric Innovation: Nigeria as one of the oil producers may be at a risk of reduced patronage as the world invention of electric solutions for automobiles makes it way. A forecast shows that the demand for electric cars ...