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January 19, 2018Market Report: Nigeria’s Petroleum Bill Passes House
After a 17-year struggle, Nigeria has moved closer to turning the Petroleum Industry Bill into law.
June 2, 2017Market Report: Nigerian oil marketers halt fuel importation due to lack of profitability
Nigerian oil marketers halt fuel importation due to lack of profitability and operations have commenced in the first pure exploration well off the coast of Senegal.
April 5, 2017Nigerian Gas Association
Formed in 1999, the Nigerian Gas Association is responsible for the promotion and protection of the interests of the gas industry in Nigeria. The association’s first members came from the primary gas production and utilization companies, and some of the earliest members included Nigerian National Petroleum Corporation (NNPC), Shell Petroleum Development Company (SPDC), Nigeria Liquefied […]
May 4, 2018Nigeria’s NNPC Targets Gas Flaring
The Nigerian National Petroleum Corporation is launching a coordinated effort to end gas flaring.
March 9, 2018Market Report: Nigeria Reduces Crude Oil Production Price
Nigerian National Petroleum Corporation brings down cost of producing a barrel of crude oil to $20.
August 18, 2017Market Report: NNPC Reduces Cost of Oil Production
The Nigerian National Petroleum Corporation cut the cost of oil production from $78 to $23 per barrel.
May 25, 2018Market Report: NNPC to Sell Products to West Africa
NNPC to resume selling petroleum products in the Economic Community of West African States.
May 18, 2018Market Report: Oil Prices climb above $80
Oil prices above $80, Ghana set to award nine new upstream oil blocks for commercial exploration.
May 11, 2018Market Report: U.S. imposes new economic sanctions on Iran
U.S. President Donald Trump pulls out of nuclear deal and Treasury imposes new sanctions, Oil prices climb higher.
May 7, 2018Market Report: Oil Prices Rise Higher
Oil prices rise higher amid concerns over a rise in U.S. oil inventories and record weekly domestic production.