Daily Archives: April 26, 2018

NOGASA to Commence Downstream Petroleum Operations Nationwide

The Natural Oil and Gas Suppliers Association of Nigeria (NOGASA) has unveiled plans to commence operations in Nigeria’s downstream petroleum sector.   Speaking to journalists shortly after the board of trustees of NOGASA met recently in Abuja, the secretary to the board, Mr. Eddy Nwosu, stated that that the association would work to support its […]

Rising oil price pushes petrol landing cost higher …NNPC to spend more on subsidy

  The expected open market price of Premium Motor Spirit (petrol) being imported into Nigeria may have risen above N190 as crude oil price climbed towards a four-year high of $75 per barrel.   As of March 20, 2018, when the international benchmark for oil prices, Brent, traded around $66 per barrel, the EOMP of […]

Analysis: The Leakages In Nigeria’s Oil Production Sharing Contracts

Since the Germans began drilling for bitumen in parts of the earth’s crust that make up the territory known as Nigeria in the beginnings of the 20th century, foreign interests have always held up the pillars of petroleum exploration around here.   In 1938, Royal Dutch Shel, a company of varying European nationalities, had a […]