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Nigeria loses 300,000b/d to oil theft, says Speaker Abbas

*Speaker of the House of Representatives, Hon. Tajudeen Abbas. Mkpoikana Udoma Port Harcourt — The Speaker of the House of Representatives, Hon. Tajudeen Abbas, has announced that Nigeria loses an estimated 300,000 barrels of crude […]

Stranded cargo shows credit challenges at Nigeria’s Dangote refinery

*The Dangote Refinery Houston — Chinese state energy major PetroChina has been waiting to unload a cargo of U.S. crude at Nigeria’s giant new refinery for nearly a month due to payment issues, according to […]

Compel oil operators to seal deactivated wellheads, Naval Chief tells NNPC

*An oil well-head at a remediation site in Korokoro, Tai LGA of Rivers State. Mkpoikana Udoma Ogalla has also advocated the use of technology in the monitoring of active and functional oil wellheads, saying the […]

Nigeria must invest in fossil fuel to finance energy transition

*Heineken Lokpobiri Mkpoikana Udoma Port Harcourt — The Minister of State for Petroleum Resources (Oil), Sen. Heineken Lokpobiri, says Nigeria and Africa need more investment in fossil fuel exploration to guarantee energy security and finance energy […]

‘Ensure Shell restores N/Delta environment to pre-oil exploration’

Port Harcourt — The Centre for Environment, Human Rights and Development, CEHRD, has urged the Federal government to prevail on Shell, to restore the Niger Delta environment to the way it was pre-oil exploration activities […]

NNPC, Newcross E&P unlock 12,000bpd production from Awoba field

Oritsegbubemi Omatseyin Lagos — The Nigerian National Petroleum Company Limited, NNPC, and its joint venture partner in the Awoba Unit Field, Newcross Exploration and Production Limited, have restarted production from the field, which last contributed […]

Oil falls back after robust EU data as Mideast tensions linger

Global benchmark Brent crude oil futures were down 52 cents, or 0.6%, at $86.48 a barrel by 1325 GMT. U.S. West Texas Intermediate crude futures fell 50 cents, or 0.6%, to $81.40 after dropping as […]

NNPC, First E&P achieve first oil at OML 85 with 20,000bpd productiono pro

*Madu oilfield Oritsegbubemi Omatseyin Lagos — The Nigerian National Petroleum Company Limited,NNPC, and its Joint Venture partner in OML 85, First Exploration and Petroleum Development Company Limited, First E&P, have commenced oil production from the asset […]

NCDMB, Green Energy kicks off NC remediation training programme in Yenagoa

Oritsegbubemi Omatseyin Lagos — A Nigerian Content Non-Compliance, NC-NC, Remediation Training Programme of the Nigerian Content Development and Monitoring Board, NCDMB, in collaboration with Green Energy, has kicked off in Yenagoa, Bayelsa State, with 20 Nigerians drawn from all over […]

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SLB’s profit rises on international drilling demand

*The entrance to oilfield service provider SLB’s office in Houston, Texas, showing the former Schlumberger’s new name and logo, is seen in this handout image taken June 2023. Courtesy of SLB/Handout via REUTERS Bengaluru — […]