OPEC+ will change its output target and redistribute supply cuts among its members under pressure from Saudi Arabia, which has long overtaken the burden.
The Federal Ministry of Power has finally introduced the new Electricity distribution policy called “willing Seller, Willing Buyer”.
Axxela Limited, a gas and power portfolio company, has highlighted the importance of maximizing the gas resources in Nigeria and other West African countries to boost industrialization.
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) Mallam Mele Kyari has outlined possible ways the Nigeria economy in general and the oil and gas industry, in particular, could reap from the recent discovery of hydrocarbon deposits in the Kolmani River II well in the Upper Gongola Basin section of Benue trough.
PetroNor announces that it has entered into a separate investment and shareholders agreement with OML 113 operator, Yinka Folawiyo Petroleum (YFP) to form a partnership and own a Special Purpose Vehicle (SPV) named Aje Petroleum together. Aje Petroleum will focus on revitalization to develop OML 113 and Aje oil and gas field, offshore Nigeria (Aje…
High price expectations from Angolan crude oil sellers seemed to cool down somewhat as some January loading cargo grades fell on Monday.
As negotiated with OPEC+, Nigeria seems to be fully committed to fulfilling its quota. Nigeria's compliance has increased since August, according to the country's minister of petroleum policy.
South Sudan has launched the first phase of a 100MW power plant that is expected to supply electricity to some parts of South Sudan. The President of South Sudan, Salva Kiir performed the inauguration ceremony and said that the power plant will help the country recover from its conflict that has lasted for five years.
Shell companies on Friday won the achievement award at the 2019 awards night of the Petroleum Technology Association of Nigeria (PETAN), the organization in charge of indigenous technical oilfield service companies in the upstream and downstream sectors of the Nigerian oil and gas industry.
The Department of Petroleum Resource (DPR) has assured Nigerians of an adequate supply of products across the country before, during and after the festive season.