Mkpoikana Udoma Port Harcourt — Nigeria’s rising oil output is now under threat as a self-acclaimed militant group in the…
Browsing: Forcados Terminal
Lagos — Exports from the Shell Petroleum Development Company, SPDC, Forcados oil terminal in Nigeria resumed after a 10-week interruption,…
OpeOluwani Akintayo Lagos — Statistics from the Nigerian National Petroleum Corporation, NNPC’s, newly-released monthly report for May has shown that…
Mkpoikana Udoma Port Harcourt — The Shell Petroleum Development Company of Nigeria Limited, SPDC, has failed to appear before the…
Ike Amos 13 December 2017, Sweetcrude, Abuja – Nigeria earned $2.26 billion from the export of crude oil and gas in…
He said, “There was significant increase in revenue from export sales of $176.4 million due to an increase in crude oil production by 4.12 million barrels. However, the average price of crude oil decreased from $50.44 to $46.29 per barrel.”
OpeOluwani Akintayo 13 September 2017, Sweetcrude, Lagos – Nigeria’s crude oil production for the month of May 2017 was down…
OpeOluwani Akintayo 11 August 2017, Sweetcrude, Lagos – Seplat’s Chief Executive Officer, Austin Avuru, has said that the company’s production…
Crude oil production suffered due to leakages, sabotage, shut-ins and shut-downs at Terminals for maintenance and the Force Majoure declared at Forcados Terminal since February, 2016 subsisted.
She noted that apart from oil revenue, NNPC had for 67 consecutive months, paid additional N6.33bn into the federation account to be shared among the three tiers of government. The payment commenced in September 2011 after auditing of the accounts of the oil firm showed that it had been under remitting to the federal government.