Browsing Category
Oil & Gas
Shell, partners sign 300 million cubic feet gas investment deal
The Nigerian National Petroleum Corporation (NNPC) says it has reached a final investment decision with partners, Shell, Total, NOAC for the Assa- North-Ohaji South Gas development Project…
Are we seeing the end of OPEC anytime soon?
The House Judiciary Committee, now led by Democrats, recently advanced the “No Oil Producing and Exporting Cartels Act”. That sets the bipartisan “NOPEC” bill, which would subject the cartel…
Nigeria should watch her oil, gas potential. South Africa just got on front foot
As of 2011, Nigeria’s proven oil reserves stood at 37.2 billion barrels, putting the country as the biggest oil producer in Africa and 11th largest in the world. Rather than hit the 40…
Nigeria, India pledge deeper collaboration on energy sector
Nigeria and the Republic of India have pledged to work more closely to enhance energy security of both countries.
The consensus came on the heels of a visit Tuesday of the Indian High…
Shell clears commercial framework, ready for development of $10bn Bonga Southwest
Shell Nigeria Exploration and Production Company (SNEPCo) has concluded negotiations with the Nigerian National Petroleum Corporation (NNPC) on the $10 billion Bonga South West Aparo …
Controversy over actual volume of crude oil produced by Nigeria ends
Uncertainty over actual volume of crude oil produced by Nigeria on daily basis is over with the launch of computer applications that allow for tracking the volume of crude oil produced, the…
What Egypt can teach Nigeria in attracting more oil and gas investments
Nigeria may have an oil production of 2 million barrels per day (bpd) and 192 trillion standard cubic feet of gas reserves, the largest in Africa, but new money is seeing Egypt as the most…
Indian refiner to buy four Nigeria oil cargoes in April
Indian state-owned refiner, Oil Corporation Limited (IOC), is buying one cargo each of Akpo and Bonny from French multinational Total, one cargo each of Forcados and Agbami from American…
Investors keenly watching Sirius Petroleum new share issue
Sirius Petroleum Plc, an investment company, focused on oil and gas Exploration and Development (E&P) opportunities in Nigeria, plans to issue new ordinary shares of 28,571,428…
Big oil companies reward shareholders to win confidence
Big oil companies are aggressively buying back shares and shoving cash into the pockets of shareholders as they strive to regain investors’ confidence on Wall Street but analysts say this…