Reps Question $9.5bn Loss to Gas Flaring Yearly  The Speaker of the House of Representatives, Rep. Tajudeen Abbas, has inaugurated an Ad hoc Committee to investigate the alleged $9.05 billion revenue loss from gas flaring in the last decade in Nigeria. Abbas, at the inauguration of...

Shell, Total Declare Force Majeure As Nigeria’s Oil Exports Plunge Exports of Nigerian crude oil have suffered a significant disruption as two international oil companies operating in the country declared force majeure on two crude grades. Force majeure is a legal clause that allows companies to...

FG Receives N817bn From Total, Chevron, CNOOC In One Year THE Federal Government received $2.68 billion, about N817.4 billion, from Total, Chevron and China National Offshore Oil Company, CNOOC, in 2017, according to documents obtained from the Canadian government. The companies presented the information under...

NNPC, Total To Produce Oil From Egina Field At $20 Per Barrel The cost of producing a barrel of crude oil from the Egina oil field by the Nigerian National Petroleum Corporation (NNPC) and Total Upstream Nigeria Limited (TUPNI) has been put at $20 per...

The Nigerian National Petroleum Corporation and Total E&P Nigeria Limited joint venture have commenced the supply of gas to the Alaoji Power Plant in Rivers State, which was built under the National Integrated Power Project scheme. According to a statement, it came after the completion...