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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 - Bing News
Updated :

Dustup over Nigeria oil spill report - United Press International
ABUJA, Nigeria, Aug. 25 (UPI) -- It is too early to criticize a U.N.-backed examination into oil spills in the Niger Delta, a U.N. environmental group said. Amnesty International is criticizing the U.N ...
Publ.Date : Wed, 25 Aug 2010 19:30:00 GMT

Nigeria : Bonny Attack Cuts Nation's Crude Oil Export - AllAfrica.com
Lagos — Nigeria's crude oil export, which had stabilised at 2.5 million barrels per day in the last three weeks, has declined as Shell declared force majeure on the export of Bonny Light following production ...
Publ.Date : Thu, 19 Aug 2010 09:50:00 GMT

Oil-rich but candlelit Nigeria seeks upgrade in power grid - Lubbock Avalanche-Journal
LAGOS, Nigeria — When the sun sets in Nigeria, candle flames dance against the darkness, flashlights bob down empty streets and thousands of diesel generators cough to life. This nation has more than enough ...
Publ.Date : Sat, 28 Aug 2010 04:10:00 GMT

Feared gang leader in Nigeria's oil-rich delta, accused of rigging '07 vote, believed ... - Minneapolis Star Tribune
LAGOS, Nigeria - Police believe unknown gunmen killed a Nigerian gang leader accused of helping rig the 2007 election in the nation's oil-rich and violence-wracked southern delta, authorities said Wednesday, though ...
Publ.Date : Wed, 25 Aug 2010 16:46:00 GMT

Election pressure mounts in oil-rich Nigeria for still-quiet President Goodluck ... - Daily Press
LAGOS , Nigeria (AP) — While Nigeria's president remains silent on whether he'll seek the oil-rich nation's highest office in upcoming elections, the campaign has all but begun on the Internet. A new website ...
Publ.Date : Fri, 20 Aug 2010 23:25:00 GMT

Nigeria : Jonathan Tasks Christians, Muslims to Rise Against Retrogressive Forces - AllAfrica.com
Warri — PRESIDENT Goodluck Jonathan has charged Christians and Muslims to unite in the fight against retrogressive forces to enable Nigeria move forward and take its rightful place in the comity of nations ...
Publ.Date : Tue, 17 Aug 2010 12:16:00 GMT

Nigeria oil hub killing sparks fears of poll unrest - Zimbio
A former militant accused of helping rig 2007 elections in Nigeria is believed to have been shot dead in an ambush, police said Wednesday, sparking fears of unrest before upcoming polls. Armoured vehicles were ...
Publ.Date : Wed, 25 Aug 2010 17:50:00 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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