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Tags: Doowegas

Despite Cap Agreement Exemption, Nigeria Still Under OPEC Pressure

Despite Cap Agreement Exemption, Nigeria Still Under OPEC Pressure

After voluntarily agreeing to participate in the decision of OPEC and its non-members to cap oil production levels to stabilise price, Nigeria reaffirms commitment to the agreement in the face of fresh pressure. Chineme Okafor writes After a December 2016 meeting in which Nigeria participated actively, the Organisation of Petroleum Exporting Countries and 11 non-OPEC… READ MORE

Oil theft: Appeal Court upholds foreigners’ jail sentence

Oil theft: Appeal Court upholds foreigners’ jail sentence

The Court of Appeal, Lagos Division, has affirmed the judgment of a Federal High Court, Lagos, which sentenced nine foreigners to five years imprisonment for stealing crude oil from Nigeria. The three-man panel, comprising Justices Hussein Mukhtar (presiding), M. L. Shuaib and Frederick Oho, dismissed the twin appeals filed by the convicted persons for lack… READ MORE

‘Nigeria’s crude oil production hit 2.025mbpd in June’

‘Nigeria’s crude oil production hit 2.025mbpd in June’

• Refineries yet to secure financiers for rehabilitation • Govt approves national gas policy The Federal Ministry of Petroleum Resources has put Nigeria’s crude oil production, including condensate at 2.025 million barrels per day in June 2017.Besides, the agency said the Federal Government is yet to secure funding for the rehabilitation of the country’s refineries…. READ MORE

​The Launch of another Liquefied Petroleum Gas (LPG cooking gas) commercial refilling plant For Clean and Green Environment. 

​The Launch of another Liquefied Petroleum Gas (LPG cooking gas) commercial refilling plant For Clean and Green Environment. 

Doowegas launch another LPG skid refilling Plant at Ikorodu area of Lagos Nigeria; for gas availability and easy refill of cooking gas. LPG’s positive social and environmental impact are considerable in terms of low Green House Gas (GHG’s) emissions and its expected that it will bring about healthier and cleaner environment; free of respiratory and… READ MORE

Nigeria inches closer to 40 billion barrels oil reserve target

Nigeria inches closer to 40 billion barrels oil reserve target

The plan by the Nigerian National Petroleum Corporation to grow the nation’s crude oil reserves to 40 billion barrels by the year 2020 received a major boost on Thursday with the execution of a tripartite agreement in Abuja. The agreement was between the NNPC/FIRST Exploration & Production Joint Venture and Schlumberger for the development of… READ MORE

Nigerian crude oil exports threaten market balance

Nigerian crude oil exports threaten market balance

Oil export operations in Nigeria are back in service following repairs, a division of Royal Dutch Shell said, adding to lingering supply-side concerns. A spokesperson for the Shell Petroleum Development Company of Nigeria Ltd said the company lifted force majeure, a contractual condition related to circumstances beyond the control of the parties involved, for exports… READ MORE

‘Nigeria’s oil output will remain low’

‘Nigeria’s oil output will remain low’

Nigeria’s oil production would remain down throughout the first quarter of 2018, if the restiveness in the Niger Delta region is not addressed, the United States Energy Information Administration (EIA) has warned. The agency, in a report on its website, gave the warning, following the decision of the Organisation of Petroleum Exporting Countries(OPEC) to extend… READ MORE

Nigeria’s Q1 refinery output boosted by Niger Delta peace -NNPC

Nigeria’s Q1 refinery output boosted by Niger Delta peace -NNPC

YENAGOA, Nigeria May 17 (Reuters) – Nigeria’s refineries processed 10 million barrels of crude oil in the first quarter, more than they did for the whole of 2015, after talks with militants reduced attacks on facilities, the head of the Nigerian National Petroleum Corporation (NNPC) said. OPEC member Nigeria has a refining capacity of 445,000… READ MORE

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