RSS Items

Nigeria targets more than $50 billion worth of oil development projects in the next five years.

The NCDMB held a tour for Shell of facilities operated by local companies.

Nigeria is banking on the giant refinery to pay down $26 billion in dues for imported oil products and fertilizer.

The fourth governing council of the NCDMB has been inaugurated by Petroleum Minister Heineken Lokpobiri.

Shell remitted a total of $67 billion to state coffers in its countries of operation last year.

Nigeria is still struggling to find buyers for its oil.

'Key considerations include the assessment of environmental liabilities, adherence to regulatory requirements, and industry best practices'.

It will be the first time the fossil fuel will be traded on an exchange in Africa's largest oil producer.

Nigeria signed a deal with oil giants that aims to cut the duration of the awarding process for development projects to six months for existing PSCs.

The projects add a combined 32,000 bpd to Nigeria's output capacity.