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Nigeria’s Q1 oil export drops by $5.66bn

Nigeria’s Q1 oil export drops by $5.66bn

The CBN, in its External Sector Development Report for the first quarter of 2015, stated that crude oil and gas exports component declined from $18.96...

Posted on: Jul 27, 2015

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PENGASSAN laments FG’s inability to fund NNPC JVs

PENGASSAN laments FG’s inability to fund NNPC JVs

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), has called on the Federal Government to pay up its counterpart fund (ca...

Posted on: Jul 26, 2015

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Gas supply faces further delay as oil output falls

Gas supply faces further delay as oil output falls

Gas from the Jubilee Field off-shore Cape Three Points to the Ghana Gas Processing Plant at Atuabo is to be delayed for a further three weeks, Tullow...

Posted on: Jul 23, 2015

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Nigeria's gas reserves have potential to last for 79 years - DPR

Nigeria's gas reserves have potential to last for 79 years - DPR

According to the latest data from the Department of Petroleum resources, Nigeria's gas reserve life index stands at 79 years as of January 1, 2015, Th...

Posted on: Jul 23, 2015

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Nigeria's oil revenue to drop by $36bn this year - IMF

Nigeria's oil revenue to drop by $36bn this year - IMF

The International Monetary Fund (IMF's) Article IV Consultation Staff Report has shown that Nigeria's oil earnings would drop to $52 billion this year...

Posted on: Jul 21, 2015

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