Oil News in Nigeria

Decklar Signs Crude Handling Agreement and Provides Update on Nigerian Oil Export Operations
3/24/2022 - - Decklar and its co-venturer Millenium Oil & Gas Company Limited (“Millenium”) have signed a crude handling agreement with Umugini Pipeline Infrastructure Limited (“UPIL”), whereby oil produced at th...
Lekoil Updates on Otakikpo Operations
1/27/2020 - LEKOIL, the oil and gas exploration and production company with a focus on Nigeria and West Africa, announces, on behalf of the Otakikpo Joint Venture ("Otakikpo JV") which is made up of Green Energy ...
Production Crude Handling Agreement for Ugo-Ocha Offshore Terminal
2/11/2019 - Sirius Petroleum, the Nigeria-focused oil and gas development and production company, is pleased to announce that it has entered into a Crude Handling Agreement (“CHA”), in line with the Company’s com...
Total Poised to Start Exports from Big New Oil Field in Nigeria
12/20/2018 - Total SA is poised to start exports of crude from a major new offshore field in Nigeria, adding to global supplies at a time when oil prices are plunging. ...
Shell Resumes Crude Exports from Forcados Terminal
10/25/2016 - Royal Dutch Shell has resumed crude exports from the Forcados terminal in Nigeria's restive Niger Delta following repairs after a militant attack, the Nigerian presidency said. A spokeswoman for Shell...
Exxon Offers 1st Qua Iboe Crude Cargo since Force Majeure
9/13/2016 - ExxonMobil is offering an October-loading cargo of Nigeria's Qua Iboe crude oil, the first offer since the company declared force majeure on the grade in July, sources said. Exxon declared force majeu...
Shell Lifts Force Majeure on Nigeria's Forcados Crude Oil Stream
7/14/2015 - Shell has lifted a force majeure on exports of Nigeria's Forcados crude oil stream that had been in place for more than two months, the company said. ...
Nigeria Govt Revenue Falls 21.5% in March due to Oil Outages
4/21/2015 - Nigeria's gross government revenue fell 21.5 percent to 315.04 billion naira ($2 billion) in March due to trunk and pipeline shutdowns and lower earnings from the non-oil sector, the accountant genera...
Total's Major African Projects Safe from Oil Collapse Cuts
2/3/2015 - Total's major oil and gas projects in Africa will not be stopped by the sudden fall in crude oil prices and will help the French company meet its long-term production targets, a top executive said on ...
Shell Shuts Nigeria Pipeline Carrying Bonny Light Crude
11/24/2014 - Nigeria's oil exports were disrupted after Shell's local unit shut a pipeline that carries a key grade after it discovered a leak on Saturday, the company said. The pipeline carries one of Nigeria's m...
Marketing Agreement With BTG Pactual Commodities
9/15/2014 - Sirius Petroleum has entered into an Agreement with BTG Pactual Commodites (UK) LLP relating to the marketing of crude oil from the Ororo Field and other marketable product from other fields owned by ...
Nigeria Adds to Its List of Long-term Oil Buyers
6/5/2014 - Nigeria has added Chinese and Indian state oil companies to an expanded list of those awarded contracts to buy its crude, re-issued after what trade sources said was intense lobbying by disappointed b...
YPF Awards Tender to Buy Nigerian Crude Cargo from Vitol
4/25/2014 - Argentina's state-run oil company YPF awarded a tender to buy a 1 million barrel cargo of Nigerian Bonny Light crude from trading firm Vitol, sources close to the transaction told Reuters. ...
Nigeria to Fall from Top African Oil Exporter Spot in May
3/26/2014 - Oil theft looks set to push Nigeria off its spot as top African crude oil exporter in May and exports could fall to their lowest since records began in 2009, data indicated. ...
Nigerian President Orders State Energy Firm Audit after Graft Allegation
3/12/2014 - Nigeria's president has authorised a forensic audit of the national energy company, the presidency said, after weeks of public uproar over an alleged $20 billion in missing state revenues. ...
Nigeria's NNPC hasn't Accounted for $50 bln in Oil Sales
12/10/2013 - Nigeria's state-energy company NNPC hasn't accounted for nearly $50 billion in revenue from the sale of crude oil which should have been paid into government accounts under law, the central bank (CBN)...
Nigerians Protest End of Subsidies and Fuel Price
Nigerians Protest End of Subsidies and Fuel Price 1/4/2012 - Protesters shut petrol stations, formed human barriers along motorways and hijacked buses in Nigeria's biggest city Lagos in anger at the shock doubling of fuel prices, and one demonstrator was report...
Nigeria Unions Call for Fuel Subsidy Strike, Protest
Nigeria Unions Call for Fuel Subsidy Strike, Protest 1/4/2012 - Nigerian trade unions threatened to call a national strike and shut down large parts of the country's oil industry from next week, if the government failed to restore a scrapped fuel subsidy. The gove...
Mart Announces First Export & Sale of Crude Oil
6/26/2008 - Mart Resources and its partners Midwestern Oil and Gas Company PLC (Operator) and Suntrust Oil Company Nigeria Limited announced their first crude oil export from the Umusadege field, located onshore ...
Mart Nearing First Oil Production Onshore Nigeria
1/14/2008 - Mart Resources and its partners Midwestern Oil and Gas Company PLC (Operator) and Suntrust Oil Company Nigeria Limited announced the following update on their operational activities at the Umusadege f...

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