| 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 :
March 11 (Bloomberg) -- Crude oil fell for the second time in three days on a stronger dollar and concern that recent price gains outpaced demand growth in the U.S., the world’s largest energy consumer. Oil declined from an eight-week high as the ...
Publ.Date : Thu, 11 Mar 2010 05:16:00 GMT
... possible to prepare for a referendum on independence for the oil-rich south in 2011, but many obstacles remain, including continued conflict in Darfur, a U.S. official said Wednesday. updated: Mar 10th - 10:14am Nigeria protesters demand to see ...
Publ.Date : Thu, 11 Mar 2010 05:52:00 GMT
On a continent famous for its relaxed approach to punctuality, Goodluck Jonathan did something decidedly un-African in his first cabinet meeting as acting president of Nigeria: When a handful of government officials arrived late, Jonathan locked them ...
Publ.Date : Thu, 11 Mar 2010 04:40:00 GMT
Angola is projected to do more in terms of export of oil than Nigeria. "Sudan is another one. China is running into a lot of criticism but I think they are moving ahead and Sudan has massive oil reserves. In some areas Western firms won't be able to ...
Publ.Date : Thu, 11 Mar 2010 06:20:00 GMT
LAGOS, NIGERIA - I’ll never complain about traffic in Oklahoma — or Dallas, or Atlanta, or Los Angeles — again. Diesel fumes mix with dust as we sit motionless in the worst snarl I’ve ever seen, sandwiched between two monstrous trucks. Even ...
Publ.Date : Thu, 11 Mar 2010 03:43:00 GMT
PR Log (Press Release) – Mar 10, 2010 – Henmak Technologies is a reputed company in Nigeria, retaining ... Henmak offers reliable technical training and consultancy services with global partners for food, glass, oil and gas industries at ...
Publ.Date : Thu, 11 Mar 2010 03:21:00 GMT
Modern businesses are no longer based on just operations. More and more key business schemes are now subject to a clear-cut project plan, with specified deliverables and time constraints. Today, project managers in the oil and gas industry are faced ...
Publ.Date : Thu, 11 Mar 2010 03:43:00 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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