The total revenue generated by Nigeria from crude oil and gas exports from January to September 2020 tumbled by $1.24bn, compared to the same period in 2019. An analysis of data obtained from the Nigerian National Petroleum Corporation on Monday…
The Nigerian Electricity Regulatory Commission (NERC) has postponed the hearing of a petition against granting of an Independent Electricity Distribution Network (IEDN) Licence to Asaba Distribution Limited indefinitely. The petition, filed by the Benin Electricity Distribution (BEDC) Plc, was scheduled for…
The average price per litre paid by consumers for National Household Kerosene decreased slightly to N352.79 in December 2020 from N353.38 in November, according to the National Bureau of Statistics (NBS). The bureau said this in its “National Household Kerosene…
Chevron Nigeria Limited (CNL) has held divergent views with members of its host communities in Bayelsa on leakages reported at Funiwa Oil Fields operated by the oil firm off Bayelsa Coast. The CNL’s host communities include Koluama 1 and 2,…
President Muhammadu Buhari will virtually inaugurate the National Oil and Gas Excellence Centre (NOGEC), Lagos, on Jan.21, in a bid to boost the operations of the nation’s petroleum sector, an official of the Department of Petroleum Resources (DPR), has said.…
The Senate Public Account Committee has described as unacceptable the payment of N98.4m by the Petroleum Resources Ministry for the printing of leaflets. The flyers, according to the 2015 Auditor-General for the Federation’s report, was meant to create awareness campaign…
Chevron Nigeria Limited (“CNL”), operator of the joint venture between the Nigerian National Petroleum Corporation (NNPC) and CNL (the NNPC/CNL JV), is aware of media reports suggesting an oil leakage from our Funiwa field in Bayelsa State. We wish to…
The Nigerian National Petroleum Corporation (NNPC) has said it recorded a trading surplus of N28.38 billion in September 2020. The Corporation disclosed this in its Monthly Financial and Operation Report (MFOR) for the month of September, released in Abuja, on…
Nigerian authorities moved to seize assets belonging to one of the nation’s largest banks to recoup damages owed by Royal Dutch Shell Plc to a local community over a decades-long dispute. Federal court officials and police visited First Bank of Nigeria…
…Acquires 45% of OML 17 from Shell, Total and ENI …Existing Production Capacity of 27,000 barrels of oil equivalent per day Estimated 2P Reserves of 1.2 billion barrels of oil equivalent …Estimated Additional 1 billion barrels of oil equivalent of further…
