Oil and Gas
Oil and Gas (227)
Friday 17 February, 2017
Written by Ecofin Agency
A Nigerian Federal High Court has issued an order for the permanent forfeiture of a N34 billion ($109million) associated to…
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Thursday 16 February, 2017
Written by Ecofin Agency
Nigeria’s crude oil export to India dropped by 54% in January due to several attacks on the Trans Forcados Pipeline.…
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Wednesday 15 February, 2017
Written by Ecofin Agency
Oil majors Shell and Eni have asked the Nigerian court to withdraw the order it issued last month regarding the…
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Monday 13 February, 2017
Written by Ecofin Agency
The Nigerian Minister of State for Petroleum Resources, Emmanuel Kachikwu (photo), has said that the excessive vandalism of oil facilities…
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Friday 10 February, 2017
Written by Ecofin Agency
The Kaduna Refinery loses an average of N2.2 billion ($7million) every year to vandals who unlawfully tap of its raw…
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Thursday 9 February, 2017
Written by Ecofin Agency
The Federal Government of Nigeria is working on a policy under which $50 million will be set aside to fund and…
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Wednesday 8 February, 2017
Written by Ecofin Agency
Efforts by Nigerian government to curb attacks on oil facilities by militants in the Niger Delta region have not yet…
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Wednesday 8 February, 2017
Written by Ecofin Agency
The Federal Government of Nigeria plans to reduce the importation of petroleum products by 60% by 2019, the Minister of…
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Friday 3 February, 2017
Written by Ecofin Agency
The Nigerian National Petroleum Corporation (NNPC) has announced that it has received 128 bids from companies interested in swapping processed…
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Monday 30 January, 2017
Written by Ecofin Agency
Seplat Petroleum has released a new crude grade from the OMLs 4, 38 and 41 fields in Delta State as…
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Friday 27 January, 2017
Written by Ecofin Agency
Revenue generation from crude oil is expected to drop from the $41.8 billion in 2016 to $38.5 billion this year if crude…
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Friday 27 January, 2017
Written by Ecofin Agency
The Federal government of Nigeria has gained back ownership of OPL 245 nineteen years after it was awarded to Malabu…
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Thursday 26 January, 2017
Written by Ecofin Agency
The Port Harcourt Refinery Company (PHRC), one of Nigeria’s four refineries is expected to make over N1.5 trillion (about $5billion) per…
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Thursday 26 January, 2017
Written by Ecofin Agency
As part of moves to eliminate threats of insufficient supply of petroleum products, the Federal Government of Nigeria has ordered…
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