Wednesday, September 19, 2018
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Petrobarometer

    OPL 245: Italian court to decide Shell, Eni’s fate on Thursday

OPL 245: Italian court to decide Shell, Eni’s fate on Thursday

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    Handling of petroleum products to take centre stage at Lagos petroleum safety conference

Handling of petroleum products to take centre stage at Lagos petroleum safety conference

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    Oil nears $80 amid US hurricane threat, Iran sanctions

Oil nears $80 amid US hurricane threat, Iran sanctions

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    Enang: PIGB a masquerade, Buhari was right to withhold assent

Enang: PIGB a masquerade, Buhari was right to withhold assent

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    Nigeria’s oil output at risk as ex-workers continue blockade of Mobil’s Qua Iboe terminal

Nigeria’s oil output at risk as ex-workers continue blockade of Mobil’s Qua Iboe terminal

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    Kachikwu: OPEC supply cuts may extend into 2019

Kachikwu: OPEC supply cuts may extend into 2019

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    Group urges FG to act on ‘grand conspiracy’ in oil and gas sector

Group urges FG to act on ‘grand conspiracy’ in oil and gas sector

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    NNPC to expand operations with bunkering company

NNPC to expand operations with bunkering company

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    Buhari rejected PIGB ‘for constitutional reasons’

Buhari rejected PIGB ‘for constitutional reasons’

President Muhammadu Buhari withheld his assent from the Petroleum Industry Governance Bill (PIGB) because of ''legal and constitutional reasons'', his legislative aide has said.Ita Enang described as blackmail reports that Buhari rejected the bill because it whittled down his power as minister of petroleum resources.In press release on Wednesday, Enang said the three major reasons are:"That the provision of the [...]

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    FG withdraws pipeline security contract granted private firm over oil theft

FG withdraws pipeline security contract granted private firm over oil theft

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    NNPC to establish two gas condensate refineries

NNPC to establish two gas condensate refineries

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    EXCLUSIVE: Buhari rejects PIGB, says it whittles down his power

EXCLUSIVE: Buhari rejects PIGB, says it whittles down his power

President Muhammadu Buhari has rejected the historic Petroleum Industry Governance Bill (PIGB) as passed by the national assembly, TheCable Petrobarometer understands.The proposed law, which is conceived to liberalise the governance structure of Nigeria's oil industry, is one of the four bills in which the omnibous Petroleum Industry Bill (PIB) was broken into by the legislature after over a decade of [...]

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    ‘NNPC selling products at a discount’ — Wale Tinubu on why refineries under-perform

‘NNPC selling products at a discount’ — Wale Tinubu on why refineries under-perform

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    PHOTOS: Egina FPSO sails to OML 130

PHOTOS: Egina FPSO sails to OML 130

The $3.3 billion floating production storage offloading (FPSO) vessel for the Egina deepwater oilfield departed for the oilfield in the early hours of Sunday.The Egina oil field is located in OML 130, 150km offshore Port Harcourt, Rivers state with a production capacity of 200,000 barrels of oil per day.The oil field is controlled by Total Upstream Nigeria (24%) in partnership [...]

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    Nigeria is sixth largest crude income earner in OPEC

Nigeria is sixth largest crude income earner in OPEC

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    Oil spill: Shell to begin remediation in Aghoro, Odimodi

Oil spill: Shell to begin remediation in Aghoro, Odimodi

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Exchange Rates

September 18, 2018USDGBPEUR
INTERBANK360.45480.18420.32
LAGOS360485425
KANO361483423
PH362482423
ABUJA362481423
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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