| Nigeria Oil Industry News |
The Nigerian Oil Industry is the mainstay of the country's economy,
producing over 90% of of all foreign exchange revenue. Crude reserve
estimates vary, but were estimated in 2005 to be about 35.3 billion
barrels. New discoveries continue to push these estimates up yearly.
Commercial discoveries made by oil majors such as Shell, Exxon-Mobil
and Texaco have also helped generate more interest in the region.
Most of Nigeria’s crude oil production, comprising 10 major
crude streams (including condensate), is light sweet crude, API grades
21-45, with a low sulphur content. Nigeria's marker crudes on the
International oil market are Bonny Light and Forcados.
Upstream Oil Industry Projects in Nigeria
Downstream
Oil Industry Projects in Nigeria |
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| Current Nigerian Oil Industry
News |
Updated :
-- Globalstar secured $738m financing for the launch of its second-generation satellite constellation scheduled to begin this summer -- Company further established its retail consumer market presence by introducing new products and services and ...
Publ.Date : Thu, 11 Mar 2010 20:54:00 GMT
ONGC is also seeking to expand its investments in Africa by developing oilfields in Angola, Nigeria, Sudan and other countries. Mr Bisaria described the talks as being in their early stages. He said India had been greatly encouraged by the state ...
Publ.Date : Thu, 11 Mar 2010 20:18:00 GMT
... home state, as well as in the Gulf of Mexico and Angola, Australia, Brazil, Canada, Germany, Indonesia, Nigeria, the Philippines, Poland and Vietnam. Exxon Mobil has spoken with the president about the potential for job creation by developing ...
Publ.Date : Thu, 11 Mar 2010 19:56:00 GMT
The nation's trade deficit, aided by a lower imported petroleum bill, unexpectedly fell 6.6% in January to $37.29 billion, the U.S. Commerce Department announced Thursday. It was the first decline for the trade deficit in the past four months, and it ...
Publ.Date : Thu, 11 Mar 2010 16:57:00 GMT
Nigerian banks are being owed an estimated N1.6 trillion by local oil and gas companies it was disclosed yesterday. Senator Nkechi Nwaogu, Chairman of the Senate Committee on Banks, Insurance and other Financial Institutions at a briefing Thursday ...
Publ.Date : Thu, 11 Mar 2010 19:06:00 GMT
MILAN, March 11 (Reuters) - Italian oil and gas company Eni ( ENI.MI ) cut its 2009 net profit to 4.37 billion euros, saying it had set aside 250 million euros for possible charges resulting from a Nigeria bribery probe. Eni said on Thursday it had ...
Publ.Date : Thu, 11 Mar 2010 17:26:00 GMT
The project in Bayelsa state is run by Brass LNG, a partnership between state-run Nigerian National ... natural gas reserves, a concentration on oil production and lack of investment in infrastructure has prevented Nigeria from unlocking its full gas ...
Publ.Date : Thu, 11 Mar 2010 18:23:00 GMT
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| Nigerian Oil & Gas
Industry Links |
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United States Government
United States Department of Energy - Energy Information Administration
- Country Brief - Nigeria
CIA
World Factbook on Nigeria
U.S.
State Department's Consular Information Sheet - Nigeria
Associations and Institutions
Nigerian
National Petroleum Corporation
Governmental Agencies
Nigerian Goverment
Bureau of Public Enterprises
Nigerian Embassy in the US
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