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Petrobarometer

Falana: In three years, Nigeria lost $200bn from shady oil deals

    Falana: In three years, Nigeria lost $200bn from shady oil deals

Femi Falana, lawyer and human rights activist, says within a three year period, Nigeria lost an estimated $200 billion from “shady deals” in the oil and gas sector.  

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Despite hitches, production from OML 40 hits 1.42m barrels in 2018

    Despite hitches, production from OML 40 hits 1.42m barrels in 2018

Production in Opuama oil field has hit 1,421,292 barrels already in 2018 despite “technical challenges”.

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Kachikwu: New oil licences will be issued when PIGB becomes law

    Kachikwu: New oil licences will be issued when PIGB becomes law

Ibe Kachikwu, minister of state for petroleum resources, says new licences for oil blocks will be issued when the petroleum industry governance bill (PIGB) is passed by the national assembly.

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Waziri Adio: Oil sector needs to be a real blessing — not needless curse

    Waziri Adio: Oil sector needs to be a real blessing — not needless curse

Waziri Adio, executive secretary, Nigeria Extractive Industries Transparency Initiative (NEITI), says implementation of laws will reposition and transport the oil and gas sector to become a real blessing and not just

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NNPC: Our operations are going paperless soon

    NNPC: Our operations are going paperless soon

The Nigerian National Petroleum Corporation (NNPC) says it will soon go digital with its operations.

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IEA: Growth in OPEC production depends on Nigeria, two others

    IEA: Growth in OPEC production depends on Nigeria, two others

The International Energy Agency (IEA) says the growth in the production capacity of the Organization of Oil Exporting Countries (OPEC)

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PIGB to be presented for presidential assent by March 30

    PIGB to be presented for presidential assent by March 30

Omotayo Alasoadura, chairman, senate committee on petroleum resources (upstream), says the Petroleum Industry Governance Bill (PIGB) will be harmonised and

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US shale ‘remains a threat’ to OPEC’s rebalancing efforts

    US shale ‘remains a threat’ to OPEC’s rebalancing efforts

Consistent growth in US shale supply is threatening efforts by the Organisation of Petroleum Exporting Countries (OPEC) to rebalance the

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Kachikwu: Modular refineries not created to resolve fuel shortage

    Kachikwu: Modular refineries not created to resolve fuel shortage

Ibe Kachikwu, minister of state for petroleum resources, says the proposed modular refineries in Rivers and Delta states are not

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NNPC closes 2017 with N82b deficit

    NNPC closes 2017 with N82b deficit

NNPC Group closed the 2017 full year operations with a budget deficit of N82 billion against its budgeted surplus of

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