Oil Firms Spill 3,346 Barrels Of Crude Oil In Eight Months ― Investigation       Oil and gas companies operating in Niger Delta spilled 3,346.94 barrels of crude oil, an equivalent of 532,078 litres, in eight months, from January to August 2020, according to data obtained from...

NNPC Seeks Capacity Upgrade For Indigenous Operators       The Nigerian National Petroleum Corporation has said indigenous companies operating in the nation’s oil and gas sector must upscale their capacity for global competitiveness. The NNPC said this would help to achieve the target of reducing the cost of...

COVID-19: Nigeria’s Oil, Gas Exports To Fall By $26.5bn - IMF     The International Monetary Fund has said Nigeria’s oil and gas exports are expected to fall by at least $26.5bn this year as a result of the coronavirus-induced sharp drop in prices and demand. The IMF,...

Oil And Gas: NAMA Urges Stakeholders To Begin Local Production Of Aviation Fuel The Managing Director of the Nigerian Airspace Management Agency, Capt. Fola Akinkuotu, has asked stakeholders in the oil and gas industry to begin local production of aviation fuel in line with the...

Oil and Gas: Nigeria, Others To Expend $105b On Decommissioning Nigeria and other oil producing countries across the world will expend about $105b on decommissioning in the next 10 years. According to a recent report release by Wood Mackenzie otherwise called WoodMac, between 2018 and 2022,...

Oil Export, NNPC Earns $4.29 Billion   Nigeria’s oil and gas sector recorded total revenue of $4.29billion (N1.554trillion) from exports between January 2017 and January 2018.On a monthly basis, total export sale of $439.60million was recorded in January 2018, representing 1.79 per cent lower than the...