Tenders keep Spot Trade For Nigerian Crude On Hold As Bonga Maintenance Ongoing

Spot deals were on hold on Tuesday, traders said, indicating that a number of Asian tenders are due to close this week and sellers did not want to disclose their positions, Reporters reports. Allocations from Nigeria’s NNPC have been announced, traders said, with spot trade due to resume by the end of the week. Nigerian demand […]

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Shell Considers Investment In Niger Delta Gas Project

Osagie Okunbor, managing director of Shell Petroleum Development Company of Nigeria (SPDC), has said Shell is considering whether to invest in a gas project in Nigeria’s southern Niger Delta energy hub, Reporters reports. Nigeria has the world’s ninth largest proven gas reserves, at 187 trillion cubic feet (tcf). Okunbor said it was “on the verge of making a […]

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Consult Widely Before Reducing Nigeria’s Share in Oil Joint Ventures – RMAFC

The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) on Wednesday urged the Nigerian government to consult widely over the proposal to convert the Joint Venture Contracts (JVC) in the oil and gas industry to Incorporated Joint Ventures Company (IJVC). Highlighting the merits and demerits of the two options, the Commission said it was necessary to […]

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Oil, Gas Firms To Provide Electronic Surveillance Of Facilities

Foreign and indigenous firms operating in the Nigerian oil and gas industry will have to install electronic surveillance gadgets on their facilities in a bid to curb the vandalism of oil installations across the country. This was one of the highlights of conclusions at a two-day stakeholders’ consultation on the draft National Gas Policy and […]

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NNPC Seeks Buyers For Crude Oil

The Nigerian National Petroleum Corporation (NNPC) has invited local and foreign firms to bid for contract for the sale and purchase of Nigerian crude oil grades in 2017. The Corporation in a tender notice issued yesterday said it will give special consideration to companies that own refineries that can process Nigerian crude, indigenous oil and […]

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