Daily Archives: May 15, 2018

Funds meant for TAM of Nigeria’s refineries allegedly diverted by top oil industry officials

  Oil industry sources have made startling disclosures of how top industry officials ruined Nigeria’s four refineries by diverting huge funds earmarked for their routine comprehensive turnaround maintenance (TAM), THISDAY reports.   The four refineries located in Port Harcourt (two), Warri and Kaduna have a combined installed capacity to refine 445,000 barrels of crude per […]

Bonga oilfield has produced 763mn barrels of oil since 2005 – Shell

  Shell Nigeria Exploration and Production Company (SNEPCo) yesterday disclosed that it has delivered a total of 763 million barrels of oil from the Bonga field between first production in 2005 and 2017, Leadership reports.   In addition, the company said it is expanding the field with further drilling of wells in Bonga Phases 2 […]

Nigeria’s 2.069mbpd oil production still below budget estimates

  Nigeria’s crude oil production including condensate reached 2.069 million barrels per day (mbpd) in April 2018, according to data from the Federal Ministry of Petroleum Resources.   Though there is a slight increase from the 2.022mbpd the country recorded in March, this means Nigeria is still struggling to step up production to meet the […]