News

A 20-year domestic gas distribution agreement has been reached by Shell Nigeria Gas and the Nigerian National Petroleum Corporation.

A total export receipt for crude oil valued at $120.49m for the month of September has been announced by the Nigerian National Petroleum Corporation.

No fewer than 96 firms are have shown interest in undertaking the rehabilitation of the Nigerian National Petroleum Corporation’s downstream infrastructure.

The volume of Nigeria’s daily crude oil production has plunged by 155,000 barrels to a record low in December amid the production cuts by the Organisation of the Petroleum Exporting Countries and its allies.

Total has announced a new discovery of oil and gas offshore Suriname in the Guyana-Suriname basin, alongside Apache Corporation.

The Federal Government is currently taking measures to mitigate the impact of the oil output cut deal by the organization of the Petroleum Exporting Countries and its allies.

One of Nigeria’s retail and supply downstream oil firm, Enyo Retail, may soon be acquired by Ardova Plc, another major oil player.

The Federal Government has continued its consultation towards the passage of the Petroleum Industry Bill, PIB.

As part of global workforce reduction plan, oil major Shell will be cutting 330 jobs from its North Sea operations, mostly office jobs based in Aberdeen, the supermajor said on Tuesday.

The Nigerian-based downstream oil company, Enyo wants to position itself as the leader of the transition to gas as the country prepares to turn its back on its dependence on petroleum products so as to increase the use of gas.