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Nigeria’s oil production to start declining after 2020 – Report

  Nigeria’s oil production is expected to start declining after 2020, despite significant potential for growth, a new report has said. Analysts at Afrinvest Research, in “The Nigerian Oil and Gas Upstream Report’ released this week, said deepwater exploration had slowed considerably due to the fiscal uncertainty caused by the failure to

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President Buhari flags off crude oil exploration in Bauchi

    President Muhammadu Buhari on Friday flagged-off the official commencement of crude oil search in the Kolmani Well River-II, located near Barambu, Alkaleri Local Government Area of Bauchi State. Buhari also declared that the Federal Government would intensify oil exploration efforts in all frontier basins including Chad Basin, Gongola Basin, Anambra Basin,

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FG Launches ‘Project 100’ To Support Indigenous Oil And Gas Service Providers

In a bid to develop next generation large-scale Nigeria oil and gas service companies through structured capacity building and policy intervention, the federal government on Thursday, launched an oil and gas intervention program tagged ‘Project 100’. Speaking at the launch in Abuja, the Minister of State, Petroleum, Dr. Ibe Kachikwu, noted

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Nigeria lost $2.8 billion to ‘oil-related crimes’ in 2018, UN says

  The United Nations says Nigeria lost an estimated 2.8 billion dollars in revenues in 2018, mainly due to oil-related crimes. This is according to a new ‘Report by the Secretary-General on the activities of the United Nations Office for West Africa and the Sahel (UNOWAS)’ on Monday in New York. The report,

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