All posts tagged "oil production"

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  Shell shuts oil pipeline six days after reopening, production drops by 150,000 barrels

  Six days after it reopened the Trans Niger Pipeline, which was shut down following a fire incident in June, Shell Petroleum Development Company of Nigeria Limited has again shut the pipeline due to a leak. As a...

  • Posted July 12, 2013
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  4m/bpd by 2020 not feasible under PIB – IOCs

  Oil majors have said Nigeria’s plan to achieve four million barrels of daily oil production and 40 billion barrels in reserves by 2020, are not feasible under the new fiscal terms being proposed by the Federal Government...

  • Posted April 4, 2013
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  Petrobras plans N795bn divestment from Nigerian oil blocks

  Brazilian oil major, Petroleo Brasileiro SA, Petrobras, yesterday, commenced moves to sell off its stake in some Nigerian oil blocks valued at N795 billion ($5 billion). The sale of the oil blocks is expected to bring about...

  • Posted March 27, 2013
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  Budget: FG to save less on oil revenue, deficit falls to 1.85% of GDP

  Nigeria’s budget deficit is set to fall to 1.85 percent of gross domestic product in 2013, the budget office said on Thursday, as government opted to save less of its oil revenue. A finance ministry document circulated...

  • Posted March 7, 2013
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  Nigeria loses $2.7bn to oil production decline

  Nigeria is estimated to have lost about $2.7 billion or N426 billion from decline in crude oil production in the last quarter of 2012 – October to December, even as it earned $16.075 billion or N2.54 trillion...

  • Posted February 26, 2013
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