Nigeria’s crude oil production rose by 200,000 barrels a day to 2.15 million in June, a Bloomberg survey of Organisation of Petroleum Exporting Countries (OPEC) producers showed.
While Nigeria fast tracks the development of its two new Liquefied Natural Gas, LNG, plants-- Olokola and Brass, added in addition to its existing facility, the country risks losing out from more LNG markets like it did in Europe and America, as more new exporters enter
The growing production of shale oil and gas in the United States (US), which has drastically affected US imports of Nigerian crude oil and liquefied natural gas (LNG), will ultimately transform the economy of Nigeria from rent-seeking, rent-sharing, and hard-currency dri
Fine Tubes has been awarded a major order by FMC Technologies for the supply of advanced tubing for Total's offshore Egina project, the company reported in a news release.
The Nigerian Liquefied Natural Gas (NLNG) has stated that it is targeting to increase its global supplies of LNG from the current seven per cent to 10 per cent when the Train7 is finally completed.
Offshore driller Seadrill signed a five-year, $1.1 billion contract with Total for work offshore Nigeria, it said on June 2, Reuters has reported.
Nigeria has awarded most of its long-term oil contracts worth an estimated $40 billion a year to local companies, according to a confidential list seen by Reuters, meaning global traders need to partner with them to access crude from Africa's top producer, Reuters said o
Afren Plc has concluded plans to boost production in three fields, Nigerian Tribune reported on April 17.
The Department of Petroleum Resources (DPR) on March 18 disclosed that Nigeria’s crude oil reserves currently stand at 35 billion barrels (bb), thus dropping by 2bb (about 5.4 per cent) from 37bb that it was, This Day Live has reported.
The Nigerian Navy said it has destroyed 260 illegal oil refineries and burned 100,000 tons of contraband fuel, but critics say this targeting of small-time criminals fails to confront the biggest culprits in oil thefts — the politically-connected criminal cartels who sel