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Nigeria Oil & Gas News. Service for global professionals. Constantly updated news and information about Nigeria.
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Latest Nigeria Oil & Gas News

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  • A-G Pushes for Review of Oil and Gas Laws 11 Dec 2009 00:36 GMT
    ... of lessons from neighbouring West-African countries, including Nigeria, which are having a tough time dealing ... with the challenges presented them by their oil find and exploration. Though there are existing ... the need to review and update the Petroleum Exploration and Production law PNDCL 84, issuance ...

  • Chevron trimming expenditures 5 percent 11 Dec 2009 01:13 GMT
    ... About $17.3 billion will go toward oil exploration and production, which provides Chevron with the ... recently decided to build a major natural gas project off Australia's northwestern coast and is ... oil fields off the coasts of Brazil, Nigeria and the United States. -- The Nielsen ...

  • Chevron capital spending will total $21.6 billion in 2010, down 5 percent from 2009 11 Dec 2009 00:34 GMT
    ... of equity research with Louis Capital Markets. Nigeria, Australia, Kazakhstan, Angola, Australia, and Brazil are ... where Chevron has been developing new crude oil or natural gas fields. The company also been adding projects ...

  • Qatar Emir Wants Gas, Oil Prices Linked 10 Dec 2009 18:20 GMT
    ... linking of gas prices with those of oil at the opening of a forum bringing ... cartel equivalent of the Organization of the Petroleum Exporting Countries (OPEC), features Algeria, Bolivia, Egypt, ... Algeria, Bolivia, Egypt, Equatorial Guinea, Iran, Libya, Nigeria, Qatar, Russia, Trinidad and Tobago and Venezuela. ...

  • Russian Will Lead Gas Exporting Alliance 10 Dec 2009 03:31 GMT
    ... Bolivia, Egypt, Equatorial Guinea, Iran, Libya, Qatar, Nigeria, Russia, Trinidad and Tobago and Venezuela, and ... maintain the link between natural gas and oil prices in contracts, an idea opposed by ... cartel, much like the Organization of the Petroleum Exporting Countries is for crude oil, it ...

  • A failure but the oil keeps flowing 10 Dec 2009 18:03 GMT
    ... the social welfare side of the Chad–Cameroon Petroleum Development Project (CCPDP) over a year ago. ... project could fall apart so quickly while oil production continues 'as normal' in the midst ... long period of key commodity exploitation in Nigeria. As Frynas argues,[16] there is significant evidence ...

  • Improved oil, gas demand, price forecasts raise drilling rig trend 10 Dec 2009 11:10 GMT
    ... Improved oil, gas demand, price forecasts raise drilling rig ... recieved were Fortuna Energy Inc. (26), Anadarko Petroleum Corp. (25), Range Resources Corp. (24), Chesapeake ... oil), Libya with 14 (all oil), and Nigeria with 6 (all oil). Smith International shows ...

  • 'West African Gas Pipeline Not Threatened By Domestic Masterplan' 10 Dec 2009 08:16 GMT
    ... a combination of gas policy changes in Nigeria and commercial oil and gas discovery in Ghana have thrown ... meet internal needs. Director of Department of Petroleum Resources (DPR), Mr. Billy Agha, said the ...

  • 61,000 barrels of oil spilled in Nigeria: official 10 Dec 2009 05:32 GMT
    ... 61,000 barrels of oil spilled in Nigeria: official There were almost 90 incidents of ... it said. Shell's Nigerian subsidiary, the Shell Petroleum Development Company (SPDC), said that the volume ...

  • Russia heads 'gas OPEC' 10 Dec 2009 08:06 GMT
    ... December 2009 | 06:42 GMT Forum of gas exporting countries has completely turned into “gas ... the prices on gas in compliance with oil prices. Earlier the main problem of creation of ... Algeria, Iran, Qatar, Trinidad and Tobago, Venezuela, Nigeria and other countries. Meanwhile, Russia accounts for ...

  • In order to avoid a Niger-Delta situation in Ghana A-G pushes for review of oil & gas laws For effective management of resources 10 Dec 2009 08:00 GMT
    ... of lessons from neighbouring West-African countries, including Nigeria, which are having a tough time dealing ... with the challenges presented them by their oil find and exploration. Though there are existing ... the need to review and update the Petroleum Exploration and Production law PNDCL 84, issuance ...

  • Bets turn bad for Nigerian broker 10 Dec 2009 01:18 GMT
    ... more than a year ago - with oil wealth pouring in and the Nigeria Stock Exchange on a tear - Mr ... a very small market." Buoyed by record oil prices, Nigeria's biggest banks started lending liberally. Bank ...

  • UPDATE 1-Afren upgrades Nigeria Ebok estimates after tests 10 Dec 2009 08:59 GMT
    ... LONDON, Dec 10 (Reuters) - London-listed oil and gas company Afren Plc said it is upgrading ... its oil volume estimates for the offshore Nigerian Ebok complex after better-than-expected well appraisal results. ...

  • Afren upgrades Nigeria Ebok estimates after tests 10 Dec 2009 08:25 GMT
    ... percent LONDON, Dec 10 (Reuters) - London-listed oil and gas company Afren ( ) Plc said it ... its oil volume estimates for the offshore Nigerian Ebok complex after better-than-expected well appraisal results. ...

  • MP advises against environmental problems in oil exploration 10 Dec 2009 16:30 GMT
    ... could disrupt the exploration of the country's oil. This, he said, could be done by empowering ... the explorers and people living around the oil fields to avoid oil disasters that affect some ... that affect some African countries such as Nigeria, Angola and Equatorial Guinea. "Most people will ...


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