Although the Gasoline Associates Integrated International Refinery Project was licensed for 100,000 BPD, it will have the capacity for increased output with the goal of reaching...
“The committee will continue to closely assess market conditions noting the willingness of the DoC countries to address market developments and stand ready to take additional...
In addition to the requirement in a local content plan, there should be a mandatory requirement for a CSR plan and how the company intends to...
The statement said the Nigerian delegation was confident that the ongoing security intervention under the leadership of President Bola Tinubu would enable the restoration of country’s...
This is on the physical side of the oil market. On the financial side, we have been observing an accelerated trend in speculative trading, with investors...
“The global oil sector alone will need a cumulative investment of $12.1 trillion through to 2045. However, in recent years, we have heard calls from some...
The United States came out strongly against the OPEC+ output cut, which could prompt a further spike in fuel prices and consumer costs more broadly. “We...
Latest oil production data released by Nigerian Upstream Petroleum Regulatory Commission, NUPRC, showed that condensate oil production for December was 178,313 barrels per day bringing total...
The target would be realised through the award of seven deep offshore oil blocks, PPL-300-DO, PPL-301-DO, PPL-302-DO, PPL-303-DO, PPL-304-DO, PPL-305-DO & PPL-306-DO, which has already been...
Nigeria is a strong member of OPEC as the country pumps over 1.4 million barrels of crude daily, though this figure has crashed due to the...