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Petrobarometer
Ibe Kachikwu, minister of state for petroleum resources, says the federal government has recovered N1.2 trillion in royalty arrears from oil companies operating in the country. [...]
INFOGRAPHIC: FAAC disbursements break four-year record, exceeds N2trn for three consecutive quarters
The Federation Allocation Account Committee (FAAC) disbursed a total of N8.52 trillion to the three tiers of government in 2018. [...]
Mahmud Tukur, managing director, Eterna Plc, says the company is expanding its downstream operations despite Nigeria's "challenging operating environment".Tukur was speaking during a press briefing to mark the company’s 30-year anniversary in Lagos on Tuesday.In the last three years, international oil companies (IOCs) and independent operators in Nigeria's oil industry have divested their assets either party or fully, but [...]
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After resuming the search for hydrocarbon resources at Kolmani River II oil well in the Gongola basin of Benue Trough, Bauchi state, the Nigerian National Petroleum Corporation (NNPC) will soon commence drilling activities in Benue state. [...]
Austin Okere, founder and executive vice chairman of Computer Warehouse Group (CWG) Plc, says stakeholders in Nigeria’s oil industry should collaborate on assets and compete on contracts to grow sustainable local companies.In this interview with TheCable, Okere, who is also the entrepreneur-in-residence at the Ausso Leadership Academy, speaks on innovation and efficiency in the oil and gas industry, local content [...]
President Muhammadu Buhari has flagged-off drilling activities in the Kolmani River II oil well in the Gongola basin of Benue Trough, Bauchi state. [...]
Ahmadu Kida-Musa, deputy managing director (deepwater) at Total Exploration and Production Nigeria Limited (Total), says the Egina oilfield is as at Wednesday producing 60,000 barrels of oil per day (bpd). [...]
Ibe Kachikwu, minister of state of petroleum resources, says Nigeria will deal with the cap on oil production by the Organisation of Petroleum Exporting Countries (OPEC), by focusing on refining crude oil locally and consuming what is produced. [...]
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A joint military task force on oil theft and pipeline vandalism operated by the Nigerian navy has captured Shuaibu Ogunmola, the alleged leader of an oil theft racket. [...]
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The United Nations says Nigeria lost an estimated $2.8 billion in revenue in 2018, mainly due to oil-related crimes.This is according to a new report by the secretary-general on the activities of the United Nations Office for West Africa and the Sahel (UNOWAS).The report, which covered from July to December 2018, said “maritime crime and piracy off the coast of [...]
The Petroleum Products Pricing Regulatory Agency (PPPRA) says the import price of petrol is now lesser than N145.In a statement released on Monday, the agency attributed the reduced prices to a drop in crude oil prices.The statement, which was signed by Apollo Kimchi, its spokesman, said independent oil marketers might soon begin importation of oil products."The Petroleum Support Fund scheme [...]
Total Exploration and Production Nigeria Limited says it was able to start up production at the Egina oil field and save over one billion dollars at the same time. [...]
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