Angola’s new oil-licensing strategy 2019 – 2025 salutary to investors—Ciprian
…As Nigeria’s oil block licensing remains wrapped up in anxiety Regulatory transparency seems to be playing out in Angolan oil and gas industry considering the openness of the newly released landmark reform for its hydrocarbons sector vide a Presidential Decree…
Again FG plans refineries’ maintenance by Dec, silent on funding
The Minister of State for Petroleum, Dr. Ibe Kachukwu, currently attending OPEC meeting in Vienna Austria had through a podcast monitored in Abuja, said that the federal government said it will shut down the three refineries and begin turnaround maintenance…
Fears as OPEC plans to impose quota on Nigeria, cuts extension for market solidity
Even though oil prices have remained on the rising spree, there are strong indications that oil producers may unanimously extend a production cut accord later this month but its duration is being discussed. This was the position of the UAE…
Agip begins feasibility studies on new 150,000bpd refinery
In keeping with its resolve to deepen investment in Nigeria’s oil and gas sector, Nigerian Agip Oil Company (NAOC), a subsidiary of Italian oil major, Eni, has begun feasibility studies for the construction of a new 150,000bpd refinery in the…
Fresh twist as FG denies any $25bn contract by NNPC
The federal government through the Senior Special Assistant to the Vice President, Laolu Akande, on Sunday changed the narrative of the trending crisis rocking the Nigerian National Petroleum Corporation (NNPC), saying there is no $25bn contract anywhere in the first…
Crude production freeze imminent as Nigeria crosses OPEC’s 1.8mbpd limit
The Nigerian National Petroleum Corporation (NNPC) is now stocked between two challenges. Details from OPEC report, released weekend said Nigeria’s crude oil production has consistently increased from the 1.511 million bpd in first quarter of this year; 1.616 million bpd…
Only functional refineries, pipelines can remove tank farms from Coconut axis of Lagos
…Lagos State Govt cannot There is no gainsaying the fact that the sprawling massive tank farm lining along the waterways of Coconut towards Tincan Island Port remains a source of danger and concern for healthy tinkers due to its closeness…
FG considering converting ‘illegal refineries’ to modular operators
The federal government is currently perfecting strategies it would use to incorporate operators of illegal refineries in the Niger Delta to the emerging regime of modular refineries. Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, who gave the hint…
