Nigeria’s crude oil output declined to a six-month low of 1.96 million barrels per day, mbd, according to the International Energy Agency, IEA.

South Korean shipbuilder Samsung Heavy Industries said Thursday it had won a $3.0 billion order to build a giant offshore oil storage platform in Nigeria.

Nigerian unit of America’s oil major, Chevron Corporation, said it will prefer that indigenous operators acquired the two oil blocks it is divesting from located offshore Bayelsa in Nigeria’s oil-rich Niger Delta.

As thieves siphon 200,000 barrels a day in Nigeria, Petroleum Minister, Mrs. Diezani Alison-Madueke, in a recent interview said she is determined to crack down on the country’s £1billion-a-year ‘blood oil’ industry, as the well-resourced gangs are diverting some 10 per cent of the country’s oil production and channelling the money into kidnapping, piracy and […]

The Nigerian Content Development Monitoring Board, NCDMB, said Nigeria will earn about $300 million (N47.7 billion) annually or $1.2 billion (N190.8 billion) over the next four years, between 2013 and 2017, in the local production of steel pipes for the exploration and production of crude oil in Nigeria.

As part of activities marking the World Environmental Day, WED, Chevron Nigeria Limited, CNL, has reiterated its commitment to the preservation of the environment as a condition for doing business anywhere in the world.

To maximise oil reservoir production from petroleum activities, Baker Hughes Nigeria said it plans to introduce a series of technologies that will reduce cost and ensure shorter scheduling time for oil and gas exploration, evaluation and production.

Oil and gas companies will spend a record $678 billion on exploration and production, E&P, this year, 10 percent more than last year, Barclays said in a report this week, but did not say how much of this spend will come to Africa.

WORRIED by continuous flouting of the Nigerian Content Act by oil companies operating in their community, the people of Iwhrekan in Ughelli South Local Government area of Delta State have tasked both the state and federal government to intervene, as they vow to fight the perceived injustice by all means possible.

Siemens Nigeria, a major player in the country’s power sector has successfully handed over the Geregu II gas turbine power plant in Ajaokuta, Kogi State to the Niger Delta Power Holding Company, NDPHC.