Nigeria’s crude oil production for the month of August fell by as much as 90,000 barrels a day to a five-year low of 1.43 million a day, despite the Organization of Petroleum Exporting Countries lifting output by 290,000 barrels a day. This was disclosed in a report by Bloomberg on Thursday, revealing crude oil export data for
Despite uncertainty in the nation’s oil sector prior to the signing of Petroleum Industry Bill (PIB) into law by Nigeria’s President Muhammadu Buhari, TotalEnergies said ‘’it has invested over $10 billion in Nigeria in the last 10 years, as it unveils seven strategic areas for investment for the next decade’’. The company’s daily crude oil
The President, Chairman and Chief Executive Officer of the Nigeria Atomic Energy Commission (Nigatom), Simon Pesco Mallam, has said that Nigeria targets its first nuclear energy plant by mid 2020. He made this known at the just-concluded 2018 AtomExpo in Sochi, Russia. In his words, “we have a roadmap and that is by the mid
Tullow Oil plc (Tullow) is pleased to announce the appointment of Dorothy Thompson as independent non-executive Director and Chair-designate of Tullow with effect from the conclusion of the Group’s Annual General Meeting (AGM) on 25 April 2018. It is anticipated Dorothy will succeed Aidan Heavey, Tullow’s current Chairman and Founder, as Chair at the conclusion
11 PLC (Double One), formerly called Mobil Oil Nigeria plc, has launched its Mobil Pegasus 1005 premium natural gas engine oil, in a bid to address the challenges of gas emissions associated with modern engine design products in Nigeria. According to the company, the product manufactured and distributed into the market of some countries in
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