Oil & Gas

The Central Bank of Nigeria (CBN) has reteirated its readiness to facilitate access to foreign exchange by Nigerian companies that wanted to import equipments to ease business growth in the country.

By Udo Onyeka Nigerian energy firm Forte Oil plans to enter into talks to sell its power unit to its major investor, billionaire Femi Otedola, after it failed to secure a deal via a public tender.

From Udo Onyeka, Lagos Shell Lubricants in order to  consolidates on its market share  on Friday announced partnership with Mahindra and Mahindra of India to offer high performance lubricant products.

The national president, Independent Petroleum Marketers Association of Nigeria (IPMAN), Mr Chinedu Okoronkwo, has said the association was committed to supporting the federal government on effective distribution of petroleum products.

The Dangote Oil Refining Company (DORC) Ltd has taken delivery of one of the major components of its refinery equipment, the Regenerator for the Residual Fluid Catalytic Cracker (RFCC).

The Nigerian Ports Authority (NPA) yesterday said it was expecting 32 ships conveying petroleum products, food and other goods at the Apapa and Tin Can Island Ports, Lagos, between January 9 and January 22.

Stakeholders in the oil and gas industry say total deregulation of the downstream sector will unlock huge private investment potential in the sector.

By Gom Mirian, Abuja The 2019 budget is facing its first hurdle even before it is debated and passed by the National Assembly following a cut in Nigeria’s oil  production quota by the Organisation of Petroleum Exporting Countries (OPEC) by 3.04 per cent to 1.685 million barrels per  day for the …

By Gom Mirian Total SA is poised to start exports of crude from a major new offshore field in Nigeria, adding to global supplies at a time when oil prices are plunging. Bussinessamlive quotes Bloomberg as saying that shipments of Egina crude from a floating offshore production vessel have been …

Prof Isaac Itodo has urged the Federal Government to come up with a better regulatory framework on renewable energy to address the nation’s electricity deficit.