TotalEnergies Nigeria on Wednesday announced the winners of the third edition of its Startupper of the Year Challenge designed to support young entrepreneurs in Nigeria and the African continent. Mr Mike Sangster, Country Chair, TotalEnergies Companies in Nigeria, presented the…
Nigeria’s gas export to suffer as Eni reports vandalism on gas pipeline Force majeure has been declared at Bonny NLNG. Nigeria’s gas export to suffer as Eni reports vandalism on gas pipeline The rise in vandalism in critical Nigerian economic…
The European Union’s executive is working on a draft proposals to facilitate EU oil embargo on Russia, the foreign ministers of Ireland, Lithuania and the Netherlands said on Monday, although there is still no agreement to ban Russian crude. “They…
The Organi sation of the Petroleum Exporting Countries (OPEC) said Nigeria’s crude oil production declined to an average of 1.354 million barrels per day in March 2022. OPEC made this known in its Oil Market Report for April 2022 which…
Eni, the Italian parent company to Nigerian Agip Oil Company (NAOC), says the breach of its 24-inch gas line at Okaka in Yenagoa has temporarily crippled its gas export. The firm said that it declared a ‘Force Majeure’ on its…
The Organisation of the Petroleum Exporting Countries (OPEC) has said the ongoing war between Russia and Ukraine has serious ramifications for the energy industry. Mr Mohammad Barkindo, OPEC Secretary-General, said this during the 15th High-level Meeting of the European Union-OPEC…
The ongoing disruptions in the international energy industry present a unique opportunity for the Nigerian oil and gas industry to attract investments and serve as one of the leading hubs to meet global energy needs. The Executive Secretary of the…
Lekoil Nigeria Limited, has disclosed that average production from Otakikpo field in Q1 2022, was 4,475 barrels of oil a day, bpd gross/1,790 bopd net to Partner, Lekoil Oil and Gas Investments Limited, LOGL. The company is in Joint Venture…
India has remained one of the largest export markets for Nigeria, as report showed Nigeria exported crude oil worth N774.5 billion or ($1.86 billion) to India in the fourth quarter of 2021. According to report the Nigeria Bureau of Statistics,…
The Federal Government has blamed vandals that has thrown millions of Nigerians and several cities into darkness While confirming the blackout, the government stated that a system collapse occurred at 18:30 hours on Friday, April 8. This was disclosed in…
