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Egina and Other Producing Assets to Help Cushion 2019 Budget Financing

Nigeria may not find it difficult to finance the N8.7trillion 2019 budget as stated by analysts and industry stakeholders. The rise in crude oil output by 200,000 barrels per day (bpd) from Egina field alone and other oil recoveries, according to former Managing Director, Nigeria Liquefied and Natural Gas (NLNG) Mr. Godswill Ihetu, will come handy. Read More

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NNPC Seeks New Funding Options For Oil Sector Operators

The Nigeria National Petroleum Corporation (NNPC) says it is devising new ways to attract more funding for operators in Nigeria’s oil and gas industry to launch them into a new phase of exploration. Read More

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NIMASA to Partner with AMANO to Drive Growth in the Maritime Industry

At the 2nd National Convention held by The Alumni of Maritime Academy of Nigeria, Oron (AMANO) on November 9, the group called on the Federal Government to confront the numerous challenges bedeviling the country’s maritime industry and bridge the manpower gap Read More

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Nigerian oil output slips to 2.09 million b/d in October

Production of Nigerian oil including condensates declined by about 70,000 b/d to 2.09 Read More

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Ex-Nigerian Airways Workers to Receive 50% of Benefits

The Federal Government says it will pay 50 percent of entitlements owed ex-staff of the defunct Nigerian Airways in 2018 and pay the other half next year. Read More

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Oil Rises Above $80 as Saudi Arabia Plans Output Hike

Crude oil rose above $80 a barrel on Monday, lifted by nervousness over a worsening diplomatic crisis between Saudi Arabia and the West. Read More

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Hope rises for Nigerian shipping companies on cabotage fund, crude lifting

The promise by Nigerian Maritime Administration and Safety Agency to disburse the Read More

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Egina FPSO sails away

The Nigerian National Petroleum Corporation (NNPC), Total Upstream Nigeria Limited, TUPNI and her partners have announced the successful sail-away of the Egina Floating, Production, Storage and Offloading (FPSO) unit from the SHI-MCI Yard, LADOL Island, Lagos, Nigeria. Read More

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