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Farooq

Posts Tagged "nigerian oil"

HomePosts Tagged "nigerian oil"

Femi Asu The import of Nigeria’s crude oil by the United States increased by 32.1 per cent to 52.36 million barrels in the first half of this year, compared to the same period in 2016. The US Energy Information Administration, the statistical arm of the Energy Department, revealed in its latest data that the country […]

The Nigeria oil industry lost 773,100 barrels per day to production shut-in due to product theft and pipeline vandalism in the month of May, 2017. At the international Brent price of $52 per barrel, the country lost about $40.20million (N12.30billion) per day. This has however, resulted to the Nigerian National Petroleum Corporation (NNPC) having a […]

’Femi Asu Production from the Bonga oil field, the nation’s first deepwater development, has resumed following the completion of the turnaround maintenance on the offshore field. Early last month, Shell Nigeria Exploration and Production Company Limited announced the shutdown of the field to enable it commence the maintenance. The Corporate Media Relations Manager, Shell, Precious […]

By Chijioke Ohuocha LAGOS Dec 1 (Reuters) – Nigerian exports climbed 29 percent in the third quarter, official figures showed on Thursday, lifted by crude sales to India and the U.S. that helped cut a widening trade deficit in Africa’s largest economy. The National Bureau of Statistics (NBS) said the trade deficit narrowed to minus […]

* Shoreline CEO says big boost in investment needed to lift output * Nigerian oil industry has long suffered from under-investment * Government in arrears on funding joint ventures, CEO says By Chijioke Ohuocha LAGOS, Nov 17 (Reuters) – Nigeria needs at least $14 billion a year in new investment over the next five years […]