Oil/Gas Reports

Nigeria Stock Exchange (NSE)

Major oil shares fall on Stock Exchange

International Breweries topped the gainers’ table, growing by N2.85 to close at N59.85 per share

Shell wins Nigeria Oil and Gas Industry games for record third time

“I’m excited at the performance of the team for making us proud,” said Osagie Okunbor, Managing Director, SPDC.

Vice President, Yemi Osinbajo

Osinbajo calls for greater cooperation among African countries in oil sector

Mr. Osinbajo reiterates the determination to create enabling environment for investors.

Oloibiri Oil Field

Nigeria’s performance in oil, gas wealth management poor – Report

The report observes ‘mild changes’ particularly in the passage of the PIG Bill.

Ibe Kachikwu

Petroleum Summit: Pricing major issue affecting oil industry – Kachikwu

”Nigeria must aim to be the refining corridor for Africa. That is becoming very critical.”

Bayelsa Governor, Seriake Dickson

Oil blocks are ‘ancestral properties’ of Niger Delta — Gov. Dickson

The governor tells President Buhari to give more blocks to the region.

Oil rig used to illustrate the story.

Reps begin probe on alleged $21bn crude oil loss

The committee has four weeks to submit its report

Ibe Kachikwu

Why oil may no longer hit $100 – Kachikwu

The minister says Nigeria will focus on projects that have huge net value to the Federation Account


Fuel subsidy fraud: Appeal Court reverses conviction of Ontario Oil and Gas boss, others

A High Court had found Walter Wagbatsoma, Adaoha Ugo-Nnadi, and Ontario Oil and Gas guilty on eight counts.

The EFCC wanted the suspects remanded in prison custody

Suspect involved in alleged N7.3 billion oil fraud faints in court

The suspect had fainted before another judge.

Siting modular refineries in oil, gas free zones will aid investment – Nigerian exporters

The group says the move will help diversify the nation’s economy..

Port Harcourt Refinery

Nigeria, Niger republic to build oil refinery

The refinery will be located at a border town between the two countries.

Waziri Adio

NEITI laments lawmakers’ poor use of oil, gas industry audit findings

The official says past NEITI reports contain detailed information and data.

How we will spend extra income from rising oil prices — Buhari

Budget 2018 provisions was predicated on $45 per barrel


NNPC shortchanging Nigerians in oil revenue remittances — Governors

Governors meet with the president on the matter.

Oil barrels used to illustrate story [Photo Credit: Independent.co.uk]

Oil rises towards $80 on US crude inventory drop, weaker dollar

Oil prices rallied to three-year high, boosted by a record 10th straight weekly decline in U.S. crude inventories.

Oil depot gutted by fire in Lagos

LASEMA officials,  together with other emergency agencies were on ground to curtail the inferno, he said. 

Oil barrels used to illustrate story [Photo Credit: Independent.co.uk]

Oil prices rise to $70 on strong economy amid OPEC cuts

Spot Brent crude oil futures were at 70 dollars a barrel at 0102 GMT, up 4 cents from their last close.

Bukola Saraki

How PIGB will end fuel scarcity, ensure oil industry transparency – Saraki

The two chambers of the National Assembly have now passed the PIGB.

Four states seek action on oil exploration in Sokoto- Tambuwal

The governor says the exploration will be beneficial to Nigeria.

Oil Cargo

Oil price reaches $70

Oil markets had been well supported by OPEC-led production cuts.

Oil, gas agency plans to fund recurrent expenditure from IGR

Agency says it intends to start paying its staff salaries, overheads.