Friday, January 18, 2019
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Petrobarometer

    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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    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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Exchange Rates

January 16, 2019USDGBPEUR
INTERBANK306397354
LAGOS362463411
KANO361465413
PH361462412
ABUJA362462413
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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