763 Million Barrels Of Oil Produced In 12 Years - Shell
Shell Nigeria Exploration and Production Company on Sunday said it had delivered a total of 763 million barrels of oil from the Bonga field between first production in 2005 and 2017.
SNEPCo, according to a...
Oil: High Prices Boost Indigenous Firms , IOCs Earning In Q1
As crude oil prices continue to soar, International Oil Companies (IOCs), and indigenous firms in Nigeria recorded significant profit during the first quarter of 2018.
Sharply climbing oil prices and years of cutting cost when...
Baru Urges NNPC And Oil Service Firms To Go Global
The Nigerian National Petroleum Corporation (NNPC) and indigenous oil services firms should extend their operations to other petroleum industries across the world. NNPC Group Managing Director (GMD) Dr Maikanti Baru has said.
Baru who spoke while...
Trump’s China Threat Shakes Stock, Oil markets
Crude oil and global equity markets tumbled last Friday after U.S. President Donald Trump upped the ante in a trade dispute with China, renewing investor jitters about the potential impact a tariff war would have on the world...
Nigeria’s Active Oil Rigs Hit Three-Year High
From a record low of 23 in December 2016, the number of the nation’s active oil rigs rose to 35 in February this year, a level last seen in early 2015.
The upturn in the rig count was mostly...
CBN: Fed Govt Earns N658.6b From oil, Non-oil receipts
About N658.56 billion was recieved by the Federal Government from oil and non-oil sectors, the Central Bank of Nigeria (CBN) Economic report released has said.
The figure, which is for November, showed that oil receipts stood at...
