US imports of Nigerian crude increased by 32.1% in H1 2017

The import of Nigeria’s crude oil by the United States increased by 32.1 per cent to 52.36 million barrels in the first half of this year, compared to the same period in 2016, The Punch reports. The US Energy Information Administration, the statistical arm of the Energy Department, revealed in its latest data that the […]

Osinbajo to Deliver Keynote Address at Oil & Gas Roundtable

Efforts at creating a more conducive environment for Nigeria’s oil and gas sector will receive fresh impetus tomorrow as Vice President Yemi Osinbajo will lead an array dignitaries among whom are, Speaker of the House of Representatives, the Hon. Yakubu Dogara, industry experts and other dignitaries to a brainstorming session in Asaba, the Delta State […]

Passage of PIB will open up oil and gas sector – Kachikwu

WARRI – MINISTER for Petroleum (State), Dr Ibe Kachikwu on Saturday said that the passage of the modified Petroleum Industry Bill (PIB) will open up the oil and gas sector to new local and international Investors for competitive growth and development in line with international best practices. Kachikwu revealed this during the 20th Convocation ceremony […]

Aiteo driving oil, gas investment in Nigeria

INTEGRATED energy group Aiteo, has proven itself as a significant player in the petroleum industry, taking bold steps in terms of investment and contributing meaningfully to the economy of the nation. The company, an indigenous player in the sector began from a humble beginning as an importer and exporter of petroleum products before it took […]

Nigeria to save $15bn on fuel imports by 2019 from new oil refinery – Dangote

The founder and Chief Executive, Dangote Group, Aliko Dangote, told attendees of the Financial Times Africa Summit in London that the refinery his company is building in Nigeria would save the country some $15 billion by cutting its need for imported fuel, The Nation reports. The refinery, which will have a nameplate capacity of 650,000 barrels per day […]

Recession exit will stabilise oil, gas industry – stakeholders

Stakeholders in the oil and gas sector have expressed optimism that Nigeria’s exit from economic recession will help to stabilise the industry. They also commended the Federal Government’s effort at exiting the country from the recession. They made the commendation in separate interviews with the News Agency of Nigeria (NAN) on Wednesday in Lagos following […]