The National Bureau of Statistics (NBS) in data released stated that the Nigerian government has earned about N2.512 trillion from the exportation of petroleum products, between April and June 2015. Sweet crude reports. NBS, in its Foreign Trade Statistics for the Q2 of 2015, also stated that the country documented a total merchandise trade worth of N4.372 trillion and a trade surplus of N1.4...

Nigeria has declared its plans to export a total of at least 2.04 million bpd of crude oil come October; the highest level this year. Sweet crude reports. The exports, which is said to be loaded on 68 cargoes, could increase as the programmes for no less than two grades were still impending. The amount is related with prearranged September exports of just fewer than 2 million bpd, in addition is...

Solo Oil and Aminex oil explorers have professed that the Kiliwani North-1 gas well in Tanzania will yield more gas than originally expected. The groups said the well, which was tested with a flow rate of 40Mmscf/d, was anticipated to deliver an initial production rate of approximately 20 Mmscf/d, nevertheless new estimates indicates that it will have a sustained daily output of 30 Mmscf. "A gas...

The Nigerian National Petroleum Corporation (NNPC)’s Group managing director, Dr Ibe Kachikwu, has said that the corporation will need not less than a year to perfect and re-present the Petroleum Industry Bill (PIB), although the corporation would begin its reform without the bill, Allafrica reports. This he disclosed at the 55th Annual General Conference of the Nigerian Bar Association in...

National Oil Company of Liberia (NOCAL) has said it will reduce its work force by over two-thirds and it will replace its board of directors as it struggles with a fall in the price of oil, according to the country’s president, Energy Voice reports Although the West African country does not produce any oil or natural gas but relies on potential reserves offshore in deep and ultra-deep waters,...

Circle Oil’s shares fell to 7% today after the company declared plugging and abandoning the Ksiri South exploration well on Sebour permit onshore Morocco. The company, being an Irish incorporated Middle East and Africa focused oil and gas exploration and Production Company with a portfolio of assets in Morocco, Tunisia, Oman and Egypt said the well, which was targeting two objectives in the...

21 suspects have been arrested and six illegal refineries destroyed in Delta, Edo and Bayelsa by the the Joint Military Task Force (JTF) in the Niger Delta, with the codenamed Operation Pulo Shield for various criminal activities in the region ranging from oil theft, kidnapping, piracy and illegal oil bunkering. Coordinator, Joint Media Campaign Centre of Operation Pulo Shield, Lt. Col. Ado Isa,...

Petroceltic International plc. an oil and gas exploration, development and production company focused on North Africa, the Mediterranean and Black Sea regions, declares the appointment of Hugh Cawley as a Non-Executive Director with immediate effect. "I am pleased to welcome Hugh to the Board of Petroceltic as an independent non-executive director whose appointment will broaden the balance of...

According to a leading water supplier, Aberdeen based businesses undergoing downturn in the oil industry have decided to investigate the substantial savings that can be made on water costs. Alan Munro (photo) of Thames Water Commercial Services (TWCS) declared that the firm is getting an increasing number of enquiries in the city as Oil and Gas firms look for new and advanced ways of cutting...

Total Exploration and Production Nigeria (TEPNG) today revealed that the Joint Investigation Visit, (JIV), team which visited the oil spill incident reported at Kilometer 25 and 27 locations on the Obagi–Rumuekpe oil export pipeline recently gathered that the incident was a third party sabotage. Total E&P Nigeria operates OML 58 with a 40% interest, alongside the Nigerian National...