Daily Archives: January 4, 2019

Nigeria has capacity to increase oil reserves to 40bn barrels’

  Chief Executive of Brevity Anderson, organisers of the yearly Nigeria Petroleum International Summit (NIPS), James Shindi, has said Nigeria has the capacity to upscale its proven oil reserves to 40 billion barrels within the next few years. Speaking ahead of the forthcoming NIPS 2019 conference and exhibition scheduled to start from January 27; Shindi […]

Oil cargoes from Nigeria, others to US plunge

Crude oil cargoes leaving for the United States from Nigeria and other members of the Organisation of Petroleum Exporting Countries dropped in December to the lowest level in at least five years, data from Refinitiv Eikon and market intelligence firm, Kpler, showed.   Oil cargoes departing from OPEC nations to the US fell to 1.63 […]