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offshore

Canadian oil firm buys into oil-prone block offshore Nigeria

Canadian Oil firm, COPL has acquired 80% of the share capital of Essar Exploration and Production (Nigeria). Essar Nigeria’s sole asset is a 100% operated interest...

oil

Maritime as alternative source of revenue to oil

Nigeria’s new found ‘economic lingo’ though not new is actually drawing comments from the average citizen, including the uninitiated. You hear remarks like ‘what...

Maersk

Maersk Oil sells North Sea stakes 

Maersk Oil, a unit of Danish conglomerate A.P. Moller-Maersk, has agreed to sell stakes in three North Sea fields to RockRose Energy, the latest new entrant into the...

libya's state oil company

Libya’s state oil company to restart exports from terminals retaken from rebels 

Libya’s state oil company said it planned to restart oil shipments from terminals in the centre of the country after they were attacked and seized by forces...

oil glut

Global oil glut set to last till mid-2017 – IEA 

A global oil glut that has hurt producers but means cheaper pump prices look set to go on at least six months longer than previously thought, the IEA said Tuesday,...

maritime

Stakeholders to address trade barriers, maritime infrastructure at shipping, oil industries roundtable

By Samson Echenim  Maritime and oil sectors stakeholders are billed to converge in Calabar for the 6th annual African Shipping & Oil Roundtable to discuss...

Maritime as alternative source of revenue to oil

Nigeria’s new found ‘economic lingo’ though not new is actually drawing comments from the average citizen, including the uninitiated. You hear remarks like ‘what...

SOAN chairman Ogbeifun

Proposed Nigerian fleet: SOAN task FG on oil freight policy

As part of efforts to make the planned Nigerian fleet (national carrier) successful, with generous availability of Nigerian cargoes, the Ship Owners Association of...

Iraq blacklists tankers transporting Kurdish crude oil

Iraqi state oil firm SOMO has blacklisted three tankers involved in shipping crude from Kurdistan, stepping up pressure on the semi-autonomous region amid tense talks on...

Assembly wants protection of Badagry oil communities to avoid Niger Delta experience 

The Lagos State House of Assembly on Monday called for a stakeholders’ meeting of government officials, oil investors and host communities, following oil discovery...

Awolowo-accuses-NIMASA

Nigeria lost $30bn oil revenue in 2015 – Awolowo

  Nigeria lost $30 billion in oil revenue between 2014 and 2015, the Executive Director, Nigerian Export Promotion Council (NEPC), Olusegun Awolowo, has said. He...

It is sad Nigerians are importing tomato paste – Sanusi

  Immediate past Governor of the Central Bank of Nigeria (CBN) and present Emir of Kano, Muhammadu Sanusi ll, yesterday lamented that in spite of the past...