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The TechnipFMC Awarded a Significant Subsea Contract for the Equinor Johan Sverdrup Phase 2 Development TechnipFMC has been awarded a significant Subsea contract by Equinor for the Johan Sverdrup Phase 2 development, located in the Norwegian sector of the North…
The Nigerian National Petroleum Corporation (NNPC) Wednesday unveiled the guidelines for its crude oil-for-product swap programme, known as the Direct Sale and Direct Purchase (DSDP) scheme. The corporation in a tweet message on its official twitter handle @NNPCgroup, disclosed that…
The Royal Dutch oil firm, Shell, has said its operations in Nigeria’s oil industry could face adverse impacts if the business environment in Nigeria deteriorates. Shell which has considerable interests in Nigeria’s oil industry and operates mostly through its Nigerian…
A large overhang in Nigerian crude was slowly beginning to clear on Wednesday. Traders noted, however, that slowing demand in Asia against a backdrop of reduced economic growth as well as weakening diesel margins was helping to push down prices…
The relatively high prices of kerosene and cooking gas have compelled many households to take to increased utilisation of firewood in Nigeria. Investigation by Vanguard showed that while the price of kerosene currently stands at between N200 and N300 per…
Nigeria’s state-run oil firm NNPC said that its subsidiary, Nigerian Petroleum Development company (NPDC), is targeting oil production of 500,000 barrel per day by 2020. The state-run firm disclosed this in its December monthly Financial and Operations Report released in…