The Department of Petroleum Resources declared that the country’s crude oil reserve have dipped from 39 billion barrels to 32 billion may afterall not have come as a thing of surprise to operators of the industry. For full story, click here
Nigeria’s state-run oil firm NNPC declared that it has discovered oil in oil mining lease OML- 64 in the Niger Delta and would appraise the field for development. For full story, click here
Italy’s leading oil and gas company Eni SpA declared force majeure for Nigeria’s Brass River export terminal this week as militant unrest heated up in the region. For full story, click here
Nigerian crude oil output was around 1.6 million barrels per day excluding condensate before the latest Niger Delta unrest late last week. For full story, click here
Nigeria’s main militant group declared that it would blockade key waterways in the Niger Delta to try to prevent crude oil exports after days of military helicopter and gunboat raids on its camps. For full story, click here
India’s leading state-owned refiner, Indian Oil Corp. has bought 2 million barrels of Nigerian crude via a tender. For full story, click here
India’s Mangalore Refinery and Petrochemicals purchased 650,000 barrels of Nigerian Escravos crude oil via tender. For full story, click here
Nigeria’s crude oil exports faced a fresh threat yesterday as a fire incident on the Shell-operated Bomu manifold has jeopardised the supply of over 170,000 barrels per day of crude oil to the Bonny Oil Terminal. For full story, click here
Nigeria President Umaru Yar’Adua has announced dismissal of top managers across the board of the state Nigerian National Petroleum Company. For full story, clcik here
The Nigeria National Petroleum Corporation announced a shortfall in oil revenue from average 2.2 billion U.S dollars monthly recorded in 2008 to about 1 billion U.S dollars in January 2009. For full story, click here
Get our independent commentary on oil trends and companies delivered to your inbox.
