Oil and Gas Landscape:   Diesel Prices Further Crashes Down: This tremendous improvement can be attributed to the intervention policy by NNPC. Diesel is now sold between N155 to N160 per litre. It was recalled that product price dropped to N175 from N300 between Q4 2016 and Q1 2017 ...

Oil and Gas Landscape:   NNPC Assures Power Stability by Recent Gas Increase: The federal government is really putting efforts to improve power generation for ease of doing business in Nigeria. The average national daily gas production for the period is 226.918 billion cubic feet, bcf, which translates to over ...

Oil and Gas Landscape: Oando Q1 Result: The company turnover increased by 116% (N138.4 billion compared to N63.9 billion in Q12016).Despite the vandalised attacks on it gasline facility at OMLs 60 to 63 which resulted to low gas production and attacks on it oil pipeline at Ebendo field. Oando recorded ...

Oil and Gas Landscape: NNPC Seeks Oil Exploration in Lake Chad basin: NNPC had concluded arrangement to resume oil prospecting in the Lake Chad Basin in Borno state. The decision is necessary to open up more oil region for the dependency of the country in crude supply. Senate to Probe ...

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Oil and Gas Landscape: Taleveras begins final payment of debt to NNPC: The Company was one of three crude oil marketing firms that agreed to pay over $184 million for alleged under-delivery of crude oil recorded under the defunct swap regime. Nigeria's NNPC aims to more than triple domestic gas supply by ...

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Oil and Gas Landscape: Nigeria Oil Producers divert from Forcados Pipelines: Many indigenous oil producers have diverted to the use of barges and alternate pipelines, it conveys ~50 barrels per trip as to alternative terminals such as Chevron-owned Escravos. Indigenous oil firms capabilities improving rapidly: Seplat, Oando, Aiteo & Energia ...

Oil & Gas Landscape: Federal government plans roadshow in Houston to woo bidders for marginal oil fields: The Minister of States for Petroleum Resources, Ibe Kachikwu, has disclosed that he would in the coming weeks attend the Offshore Technology Conference (OTC) in Houston, Texas, United States to woo potential bidders ...

BHP Billiton's Chairman Jac Nasser said on Thursday BHP's $20 billion investment in U.S. shale oil and gas six years ago was, in hindsight, a mistake. BHP entered the shale business at the height of the fracking boom in 2011 and invested billions more developing the operations. The fall in ...

Royal Dutch Shell’s Prelude floating liquefied natural gas (FLNG) facility left the Samsung Heavy Industries shipyard in Geoje, South Korea this morning, marking a significant milestone for the project. The facility, constructed by Technip Samsung Consortium, is being towed to North West Australia, where the next phase of the project will begin ...

An oil tanker carrying 38,000 tonnes of petrol to Guatemala, collided with the Huayan Endeavor cargo ship on its way from the Netherlands to Nigeria in the English Channel The English Channel separates southern England from northern France, and links the southern part of the North Sea to the Atlantic ...