Tuesday, October 23, 2018
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Petrobarometer

    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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    REVEALED: IOCs to invest N6.23trn in Nigerian oil, gas projects

REVEALED: IOCs to invest N6.23trn in Nigerian oil, gas projects

International Oil Companies (IOCs) will invest as much as N6.23 trillion ($17.3 billion) in key Nigerian oil and gas projects in the next seven years, a report by Global Data has revealed. [...]

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    Experts worry over delay in signing PIGB — as general election looms

Experts worry over delay in signing PIGB — as general election looms

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    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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Exchange Rates

October 23, 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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