Latest news
Total To Launch Oil Exports From New Nigerian Field In February
Just as OPEC and partners will have started the new round of production cuts to reduce oversupply, France’s Total is set to begin exports from the new ultra-deep Egina oil field offshore Nigeria in February 2019, at an initial rate of just over 100,000 bpd, Bloomberg reported on Thursday, quoting a copy of a loading program for the new grade it had seen.
read more... 21/12/2018
Poland Buys Nigerian Oil In Latest Attempt To Cut Russia Oil Dependence
Poland’s largest oil refiner, state-run PKN Orlen, has bought its first ever Nigerian crude oil cargo expected to arrive in mid-October, the Polish company’s chief executive told Reutersamid Poland’s ongoing efforts to cut its reliance on Russian oil.
read more... 09/10/2018
GE to upgrade & develop Nigeria's power infrastructure
Industrial digital company GE signed of a Letter of Intention to collaborate with the Niger Delta Power Holding Company (NDPHC) on the development of an End-To-End to Power Intervention (EEIP), the company announced on Thursday, during the France-Nigeria Business Forum in Lagos
read more... 06/07/2018
Shell and GT Bank granted a $270 million oil-backed loan to Nigerian firm Amni
Nigeria’s Guaranty Trust Bank and a subsidiary of Royal Dutch Shell have agreed to offer a $270 million loan to independent Nigerian oil and gas producing company Amni International.
read more... 15/03/2018
Nigeria is now the biggest petrol importer globally
Nigeria is the single member country in the Organisation of Petroleum Exporting Countries, OPEC, that imports petroleum, mentioned by the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, at the 2018 Oloibiri Lecture Series (OLEF) in Abuja.
read more... 02/03/2018