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by  Bloomberg|Paul Burkhardt (Bloomberg) -- The revival of Nigeria’s state-owned refineries will happen a year later than expected after financing talks dragged on, according to the nation’s oil minister. Nigerian National Petroleum Corp.’s refineries, which have long operated at a fraction of their capacity after years of under-investment, began looking for private partners last …
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The Federal government earned the sum of N6,671,081,710,411.26 as oil revenue between 2010 and 2017,the Department of Petroleum Resources (DPR),said in its 2017 Nigerian Oil and Gas Industry Annual Report yesterday. At its launch in Lagos,the DPR indicated in the report that the revenue were realized from oil and gas royalty, gas flare penalty, …
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The Nigerian National Petroleum Corporation (NNPC) has said that crude oil and gas export sale by the corporation in August 2018 was $470million, indicating an upsurge of about $78million in relation to July oil and gas export figures of $391.91million. NNPC Monthly Financial and Operations report for August 2018 released today in Abuja by the …
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zoomSource: Tower Respurces London-based oil and gas company Tower Resources has signed a new petroleum agreement with the Government of Namibia covering an 80% operated interest in blocks 1910A, 1911 and 1912B, offshore Namibia. The agreement was signed by Tower Resources’ subsidiary, Tower Resources (Namibia) Limited, together with the National Petroleum Corporation of Namibia (Namcor) (10%) and ZM Fourteen …
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Oil Trades Near $62 by  Bloomberg Sharon Cho | Oil was steady after 8 days of losses. (Bloomberg) -- Oil was steady after eight days of losses as investors weighed the potential outcome of an OPEC meeting this weekend against a bigger-than-expected gain in American crude stockpiles. Futures in New York were little changed, …
Oil Market Faces Precarious Few Months by  Andreas Exarheas Rigzone Staff | The oil market faces a precarious few months, according to Wood Mackenzie. The oil market faces a precarious few months. That’s according to Wood Mackenzie’s (WoodMac) latest edition of the Edge, a regular column penned by the company’s chairman and chief analyst …
by  Bloomberg Sharon Cho | Crude's set for the longest losing streak since 2014 as concerns of a supply crunch ease. (Bloomberg) -- Crude’s poised for the longest losing streak since 2014 as concerns of a supply crunch eased on a forecast for rising U.S. production and waivers for eight countries allowing temporary import …
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by  Bloomberg Grant Smith and Javier Blas OPEC is enduring one of the most head-spinning years in its history. (Bloomberg) -- OPEC is enduring one of the most head-spinning years in its history, swerving from cutting oil production to boosting it as quickly as possible. It may need to reverse course again. Saudi Arabia …
… As NNPC Records 1,858 Cases of Vandalized Pipeline Points A total of 230.35Billion Cubic Feet (BCF) of natural gas was produced in the country in July 2018, averaging a daily production of 7,678.17Million Standard Cubic Feet (mmscfd), NNPC Monthly Financial and Operations report for July 2018 has stated. The sum represents 8.81 per cent …
The Nigerian National Petroleum Corporation (NNPC) has dispelled insinuations of an impending petroleum products scarcity in the country. A release today in Abuja by the NNPC Group General Manager, Group Public Affairs, Mr. Ndu Ughamadu, said the corporation had 39 days petroleum products sufficiency and about 25 days products availability on land, stressing that motorists …
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