Sieminski tips record demand growth for 2021
Oil demand will grow at “a little over 4 million barrels per day” in 2021, King Abdullah Petroleum Studies and Research Centre (KAPSARC) president Adam Sieminski has predicted.
Mele Kyari
Nigeria commissions LPG plant at Oredo
Nigerian President Muhammadu Buhari has officially inaugurated Nigerian Petroleum Development Co.’s (NPDC) integrated gas handling facility at Oredo.
Nigeria launches autogas push
Nigeria has launched a push to increase the use of autogas with a high-profile event in Abuja.
Nigeria eyes product pipe from Niger refinery
Nigeria has signed a deal with neighbouring Niger on petroleum products transportation and storage.
NNPC, First reach oil at OMLs 83, 85
Nigerian National Petroleum Corp. (NNPC) and First E&P have reached first oil at OMLs 83 and 85.
NNPC aims to end product swaps in 2023
Nigerian National Petroleum Corp. (NNPC) will continue swap deals to secure products until the domestic refining sector is fully functioning, in 2023.
Nigeria averts petrol, power price strike
Nigerian National Petroleum Corp. (NNPC) has reached a deal with unions, preventing what had been tipped as being the largest strike in Nigeria’s recent history.
NNPC denies $1.5bn inflation for AKK link
Nigerian National Petroleum Corp. (NNPC) has denied allegations that the price of the Ajaokuta-Kaduna-Kano (AKK) gas link was inflated by $1.527 billion.
NNPC signs $1.5bn export finance facility
The United Bank for Africa (UBA) has participated in a consortium to lend $1.5 billion to Nigerian National Petroleum Corp. (NNPC) and its upstream Nigerian Petroleum Development Co. (NPDC) unit.
NLNG denies illegal withdrawal of $1.05bn
Nigeria LNG (NLNG) has denied reports that top officials illegally withdrew $1.05 billion from its dividend account with its majority shareholder, Nigerian National Petroleum Corp. (NNPC).
Nigeria talks tough on production costs
Nigeria will cut production costs to $10 per barrel by the end of 2021, Nigerian National Petroleum Corp. (NNPC) managing director Mele Kyari has said.
NNPC tapped to shore up Nigeria’s virus fight
The Nigerian National Petroleum Corp. (NNPC) and Central Bank of Nigeria (CBN) will provide the funds for expatriate Nigerians to be brought home.
Mixed marginal field talk in Nigeria
Nigeria’s Department of Petroleum Resources (DPR) has denied reports that a new set of guidelines has been issued for marginal fields.
Nigeria faces involuntary output cuts
Nigeria is moving towards production cuts as a result of a lack of local storage and inability to sell cargoes.
Nigeria’s banner oil hits $12, millions of barrels remain unsold
The real oil market is killing Nigeria.
Nigeria moves to private partnerships in refining sector
Nigeria is in the process of shifting its refining model away from Nigerian National Petroleum Corp. (NNPC) ownership, bringing in private ownership similar to that seen at Nigeria LNG (NLNG).
Nigeria puts its foot on the gas
While the big goal of tackling its sclerotic oil industry is still languishing, Nigeria has been racking up progress in its gas sector.
Lagos pipeline explosions kills 15
An explosion involving a Nigerian National Petroleum Corp. (NNPC) pipeline in Lagos State has led to the deaths of at least 15 people.
Lagos pipeline explosion blamed on thieves
An explosion in a Lagos neighbourhood has been extinguished, but it has left five dead, according to local reports.
NLNG greenlights Train 7
Nigeria LNG (NLNG) has taken the final investment decision (FID) on Train 7, the long-awaited expansion project that will take the project’s capacity to 30 million tonnes per year.
KBR wins Nigerian condensate consulting work
KBR has won project management consultancy (PMC) services on the front-end engineering design (FEED) work for a proposed condensate refinery plan in Nigeria.
Gas supply agreements struck for Nigeria LNG
Nigeria LNG (NLNG) has signed gas supply agreements (GSAs) to supply three of its existing trains – plus the seventh, which is yet to reach a final investment decision (FID).
Africa makes its case for gas at GECF
The Gas Exporting Countries Forum (GECF) has wrapped up in Malabo, bringing to a close a global discussion on the use and development of gas.
Kyari pins hopes to Nigerian refining rehabilitation
Nigeria is set to make a fresh push into rehabilitating its poorly performing refineries, Nigerian National Petroleum Corp. (NNPC) head Mele Kyari said on the weekend.