Nigeria’s crude oil export appreciated by 17.38 per cent to N7.308 trillion in the first six months of 2018 from N6.226 trillion recorded in the last six months of 2017, according to data obtained from the National Bureau of Statistics (NBS).

Contrary to the Lagos Deep Offshore Logistics Base, LADOL, allegation that it jointly tendered with Samsung Heavy Industries, SHI, for Total’s $3.3 billion Floating Production Storage and Offloading (FPSO) contract, SHI, has disclosed that the contract was awarded to Samsung Heavy Industries Nigeria, SHIN.

ExxonMobil has disclosed that through the Power Forward project, it would continue to pursue programmes that would bring about youth development and build human capacity across critical sectors of the Nigerian economy.

THE Minister of Mines and Steel Development, AbubakarBwari, disclosed that Nigeria spends N16 billion ($44.5 million) on imported industrial minerals yearly to carry out production in the solid minerals sector.

INVESTORS need to invest $11 trillion in oil and gas between now and 2040 in order to meet rising demand in many nations.
In his keynote address at the just concluded meeting in Madrid, Spain, HE Mohammad Sanusi Barkindo, OPEC Secretary General, said, “To meet the expected global expansion will require huge investments.

THE Nigeria Gas Association, NGA, said the country has reduced gas flaring from two billion cubit fit per day to 700 million cubits fit per day, indicating 65percent improvement in the last 10 years.

INTELS Nigeria Limited, a leading oil and gas logistics service outfit has built and handed over a modern, well-equipped Health Centre to the Aruakpor-Umah Community, in Uvwie Local Government Area, Delta State.

THERE are indications that about 18 communities may have to suffer owing to recent spills emanated from the Aghoro and Odimodi communities in Bayelsa and Delta State respectively.

AS the Federal Government continues to grapple with the challenge of illegal mining, an international humanitarian organisation, Global Rights Nigeria, has alleged that over $500 million (N152.5 billion) worth of gold is illegally shipped out of the country annually.

Oil prices jumped more than 2 per cent to a four-year high on Monday after Saudi Arabia and Russia ruled out any immediate increase in production.

Venezuela is to increase its oil exports to China to one million barrels a day, President Nicolas Maduro said on Tuesday, just days after visiting the Asian powerhouse.

Oil prices rose on Monday as U.S. drilling for new production stalled and as the market eyed tighter conditions once Washington’s sanctions against Iran’s crude exports kick in from November.

Oil giant, Shell, has reportedly initiated negotiations with local oil producers for selling two of its Nigerian oil licences in the Niger Delta, collectively worth $2 billion.

Nigerian Lawyers have been enjoined to get more involved and active in the ongoing reforms in the Oil and Gas Industry. Engineer Simbi Wabote, the Executive Secretary of Nigerian Content Development and Monitoring Board (NCDMB) made this call on Tuesday at a Panel session in the 58th Annual General Conference of the Nigerian Bar Association in Abuja.

In a bid to consolidate its foothold on the shipping business in Nigeria and boost profitability, the Nigerian National Petroleum Corporation (NNPC), has unveiled plans to set up a subsidiary to provide refuelling services to ships and other ocean-going vessels.