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Petrobarometer
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 [...]
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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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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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. [...]
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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Royal Dutch Shell says it will make final investment decision (FID) on the development of Nigeria’s Bonga Southwest deep water oilfield in 2019. [...]
President Muhammadu Buhari says his administration will look into the 13 percent derivation benefit to the Niger Delta region.[...]
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