Category: Oil & Gas

By Energy Worth Shell Nigeria Exploration and Production Company on Sunday, said it had delivered a total of 763 million barrels of oil from the Bonga field between first production in 2005 and 2017. SNEPCo, according to a statement, is also expanding the field with further drilling of wells in Bonga phases 2 and 3…

By Nick Cunningham The path to higher oil prices seems pretty clear, but it isn’t inevitable. There are plenty of reasons why the oil market is suddenly on edge, and why oil prices are at their highest level since 2014. Venezuela’s oil production is falling off of a cliff, and could fall faster now that…

By Energy Worth The Nigerian National Petroleum Corporation (NNPC) has disclosed that the nation recorded 194 cases of pipeline vandalism between January 2017 and the corresponding period of this year.During the release of its January financial and operational report yesterday in Abuja, the agency noted that gas supply to the power sector during the period…

Thirty eight ships laden with petroleum products, food items and other goods are expected to arrive Apapa and Tin Can Island Ports in Lagos from May 11 to May 26. The Nigerian Ports Authority (NPA) stated this in its publication, `Shipping Position,’ a copy of which was made available to the News Agency of Nigeria…

The Nigerian National Petroleum Corporation (NNPC) says it is ever ready to support the Petroleum Tanker Drivers (PTD) and the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) in whatever way to enhance the distribution of petroleum products across the country. NNPC Group Managing Director, Dr. Maikanti Baru, made this commitment at the 4th…

By Gregory R. Copley U.S. President Donald Trump on May 8, 2018, fulfilled a major campaign promise to his voters by withdrawing the U.S. from the 2015 JCPOA (Joint Comprehensive Plan of Action) into which it had entered with Iran and the five permanent members of the United Nations Security Council plus Germany (the P5+1)…

By Energy Worth The House of Representatives on Wednesday, asked the Federal Government to suspend its planned sale of the Nigerian Liquefied Natural Gas Limited. It described the NLNG as one of the most successful and lucrative investments of the government, which should be left to run as a major public asset. Nigeria has 45…

Oil rose to a three-year high after the U.S. told buyers of Iranian crude they have six months to curb their purchases or face tough penalties. While the full impact of President Donald Trump’s decision to withdraw from the nuclear deal is still unclear, the re-imposition of far-reaching sanctions is expected to start reducing shipments…

The Nigerian National Petroleum Corporation (NNPC), has disclosed that Downstream subsidiary, the NNPC Retail Limited, now holds 14 per cent of the market share of petroleum products retail business in Nigeria. Group Managing Director of the NNPC, Dr. Maikanti Baru, made this disclosure at the 1st to 5th Annual General Meeting (AGM) of the NNPC…

President of the Senate, Dr. Abubakar Bukola Saraki, on Tuesday, urged the International Oil Companies and Oil Producers Trade Section (IOC/OPTS) operating in the country not to induce lawmakers during the consideration of other sections of the Petroleum Industry Bill. The News Agency of Nigeria (NAN) has reported. The Fiscal and Host Communities Bills, a…