Monday, July 15, 2019
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Petrobarometer

    Setback for PIGB as NNPC points out ‘flaws’

Setback for PIGB as NNPC points out ‘flaws’

Indications that President Muhammadu Buhari might not assent to the Petroleum Industry Governance Bill (PIGB) emerged on Friday as yhe Nigerian National Petroleum Corporation (NNPC) said "it still needs some work". [...]

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    NNPC, Seplat to fast track development of Assa North, Ohaji South (ANOH) gas fields

NNPC, Seplat to fast track development of Assa North, Ohaji South (ANOH) gas fields

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    NNPC: Investors to relocate refinery from Turkey to Nigeria

NNPC: Investors to relocate refinery from Turkey to Nigeria

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    Seven more FPSOs will be built in Nigeria after Egina, says Shell MD

Seven more FPSOs will be built in Nigeria after Egina, says Shell MD

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    FG approves N17bn tracking devices for fuel distribution

FG approves N17bn tracking devices for fuel distribution

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    ‘5,000 jobs at risk’ — Rivers youth ask Shell not to leave Onne

‘5,000 jobs at risk’ — Rivers youth ask Shell not to leave Onne

More than 1,000 youth under the aegis of the Onne Youths Council (OYC) on Tuesday staged a protest at Shell Nigeria Exploration and Production Company (SNEPCo) in Onne, Rivers state.  [...]

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    HEDA asks petroleum ministry to amend deep offshore Act

HEDA asks petroleum ministry to amend deep offshore Act

The Human and Environmental Development Agenda (HEDA), a non-governmental organisation, has requested for an “immediate” amendment of the Deep Offshore and Inland Basin Production Sharing Contracts (PSC) Act. [...]

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    Nigeria to become third largest gas exporter by December, says NLNG

Nigeria to become third largest gas exporter by December, says NLNG

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    Shell to make FID on Bonga oilfield in 2019

Shell to make FID on Bonga oilfield in 2019

Royal Dutch Shell says it will make final investment decision (FID) on the development of Nigeria’s Bonga Southwest deep water oilfield in 2019. [...]

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    Buhari promises to look into 13 percent derivation for oil states

Buhari promises to look into 13 percent derivation for oil states

President Muhammadu Buhari says his administration will look into the 13 percent derivation benefit to the Niger Delta region.[...]

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    FG renews 25 oil block licenses, approves 16 field development plans

FG renews 25 oil block licenses, approves 16 field development plans

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    Senate approves N348bn bond issuance to settle subsidy debts

Senate approves N348bn bond issuance to settle subsidy debts

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    Senate probes ‘illegal’ renewal of oil, gas lease

Senate probes ‘illegal’ renewal of oil, gas lease

The senate has mandated its committee on petroleum resources (upstream) to investigate the alleged irregularities by Ibe Kachikwu, minister of state for petroleum resources, in the renewal of oil and gas leases to companies who do not pay royalties. [...]

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    Crude exports may rise as Shell lifts force majeure on Bonny Light

Crude exports may rise as Shell lifts force majeure on Bonny Light

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    NNPC may lose power to collect royalty from oil companies

NNPC may lose power to collect royalty from oil companies

Mahmoud Yunusa, chairman, forum of finance commissioners, says the federation allocation accounts committee is working on stripping the Nigerian National Petroleum Corporation of its powers of collecting royalty from oil companies. [...]

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    China’s national oil company to increase Nigerian investment by $3bn

China’s national oil company to increase Nigerian investment by $3bn

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Exchange Rates

July 12, 2019USDGBPEUR
INTERBANK306397354
LAGOS362475413
KANO361474413
PH361475412
ABUJA362476413
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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