Globaldata, an Oil and Gas Data Analysis Company has uncovered that about eleven new pipelines should be expected in Nigeria. The company stated that Nigeria is in anticipation to add about 35percent of Africa’s total planned and declared oil and gas new-build trunk transmission pipeline length additions between 2019 to 2020. The data analysis company… Continue reading NIGERIA: New Pipelines to be Added
The House of Representatives Ad hoc Committee has faulted the Nigeria Petroleum Service Chiefs, in the constant oil theft and vandalism in the Niger Delta. A Member House of Representatives said that the Service Chiefs of Nigeria National Petroleum Corporation (NNPC) and International Oil Companies (IOC) are not ardent enough to end oil stealing and… Continue reading NIGERIA: Reps Fault NNPC on Oil Theft
President Uhuru Kenyatta has said that Kenya would use the Lamu Port to export crude from the Turkana oil fields, shelving previous plans of building a refinery at the facility. The President stated that while the country’s oil would be exported in form of crude, annulled the government’s earlier announced plans to build an oil… Continue reading KENYA: President Shelves Plans To Build Refinery
Nigeria’s Petroleum Productions which remain at 1.664 million barrel per day last year in November, it also stood at 1.570 million barrel per day in December 2019 has now moved downwards to drop at 95,000 barrel per day. As the market price of Bonny Light Crude Oil increases to $65.31 per barrel in the International… Continue reading NIGERIA: Crude Oil Production Declines
The Nigeria National Resource Charter (NNRC), in a report, posits that Nigeria is fast losing its grip in the global oil market due to new oil hydrocarbon discoveries in other African nations. The NNRC which is a body established to help governments and the society effectively harness opportunities created by their natural resource, made this… Continue reading NIGERIA: Discovered Oil In Other African Countries Threatens Oil and Gas Sector.