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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
 
Current Nigerian Oil Industry News
Nigeria Oil - Live Search News
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Oil below $126 in Asian trading - Forbes
SINGAPORE (Thomson Financial) - World oil traded below $126 on Monday after an inflow of investment funds helped push the price to another record high, analysts said. New York's main oil futures contract, light sweet crude for June delivery, was 31 ...
Publ.Date : Sun, 11 May 2008 00:50:00 GMT

Gunmen kill two police officers in southern Nigeria - army - Forbes
LAGOS (Thomson Financial) - Unknown gunmen raided a police station in southern Nigeria's oil-rich state of Bayelsa and killed two police officers, a military spokesman said Tuesday. The gunmen also stole arms and ammunition during the attack at Okiki ...
Publ.Date : Tue, 13 May 2008 12:00:00 GMT

Nigeria to probe abuse of 'expatriate quota' by foreign oil companies - Forbes
ABUJA (Thomson Financial) - The Nigerian government will investigate allegations that international oil companies operating in the upstream sector employ more foreigners than allowed by the law, an official statement said. Junior petroleum minister ...
Publ.Date : Tue, 13 May 2008 07:57:00 GMT

Nigerian rebel group asks Carter to mediate oil conflict - Frost Illustrated
(GIN) -After a series of attacks on multinational oil companies in Nigeria's rich Delta region, an armed rebel group appears to be seeking a negotiated end to the conflict. In a letter purportedly addressed to U.S. President George W. Bush, the ...
Publ.Date : Tue, 13 May 2008 14:52:00 GMT

EIA: US Preliminary March Crude Imports -9.3% Vs Year Ago - CNN Money
NEW YORK -(Dow Jones)- U.S. crude oil imports fell 9.3%, or 963,000 barrels a day, to 9.385 million barrels a day in March, preliminary data from the Energy Information Administration show Tuesday. March crude oil imports were the lowest in any month ...
Publ.Date : Tue, 13 May 2008 17:51:00 GMT

Officials discuss oil's future - Sidney Herald
The question of what to do with the oil in Richland County has become more dominant in conversations in both the political realm and civilian realm. The point being, Richland County wants to "add value to our oil," as Mayor Bret Smelser said once ...
Publ.Date : Tue, 13 May 2008 20:07:00 GMT

Oil price hits record high - News.com.au
Tehran: Iran crackdown on 'indecent' groups London: European stocks advance, Commodities: Oil price hits record high Alcohol: One third of pregnant women drink Indigenous: A-G launches rape sentence appeal Parliament: Lib, Nats merger to come under ...
Publ.Date : Mon, 12 May 2008 18:28:00 GMT
Nigerian Oil & Gas Industry Links


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

Oil & Gas Industry News
 
 
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