Angola | Doowe Gas

Nigeria’s Crude to be offered at lower prices for May

Nigeria released its official selling oil prices for May, showing a decrease for major grades-Bonny Light BFO-BON and Qua Iboe BFO-QUA, Forcados BFO-FOC and Escravos by around 20 to 25 cents compared with April. Buyers had been largely reluctant to...

April 24, 2019

Green Post

Costs of Nigeria’s oil & gas projects higher than other countries by 100% – Oil firms

A report prepared by the Oil Producers Trade Section (OPTS) of Lagos Chamber of Commerce and Industry (LCCI), has shown the existence of a Nigeria-specific cost premium for the petroleum sector, with operating costs and projects costs significantly higher than in...

November 8, 2017

Green Post

Nigeria’s oil production rose by 274,000 barrels per day in April – OPEC

Crude oil production in Nigeria rose by 274,000 barrels per day in April, the Organisation of Petroleum Exporting Countries, OPEC, said on Thursday. The increase, OPEC said, represents the biggest increase among countries within the oil producers’ group. According to...

May 12, 2017

Green Post

Nigeria loses Africa’s top oil producer position to Angola

Sheds N83 billion in one month Nigeria’s crude oil production fell by 156,900 barrels per day (bpd) to 1.269 million bpd in March, from 1.426mbpd recorded in February. Consequently, the country lost its status as Africa’s top oil producer to...

April 18, 2017