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2016-06-28 18:00:00

NIGERIA'S OIL UP

NIGERIA'S OIL UP

 

NIGERIA OIL PRODUCTION 2015 - 2016

 

NIGERIA OIL GAS INFRASTRUCTURE

 

 

NIGERIA OIL GAS FIELDS

 

According to REUTERS, oil production in Nigeria has risen to about 1.9 million barrels per day (bpd), from 1.6 million bpd, due to repairs and more than a week having passed since a major pipeline attack in the Niger Delta, a state oil company spokesman said on Monday.

Militants who say they want a greater share of Nigeria's oil wealth to go to the impoverished Delta region have carried out a spate of attacks on pipelines in the last few months.

Nigeria, an OPEC member that was Africa's top oil producer until the attacks pushed it behind Angola, has seen production fall from 2.2 million bpd at the start of the year. Oil Minister Emmanuel Ibe Kachikwu said in early June that output had fallen to around 1.6 million bpd.

But on Monday, Garba Deen Muhammad, a spokesman for the Nigerian National Petroleum Corporation (NNPC), said oil production had risen to around 1.9 million bdp since last week.

"Production has increased because we are making repairs to damaged pipelines and installations. And we have not had any major attacks in recent times," he said.

The Niger Delta Avengers, the group that has claimed responsibility for most of the recent attacks on oil and gas installations last said it blew up a pipeline on June 16.

Last week, petroleum ministry officials said the government had agreed a one-month ceasefire with militants, but the Avengers said they had not agreed to a truce.

Muhammad also said Kachikwu was in China for a roadshow, which began on Sunday, aimed at raising around $50 billion of investment for Nigeria's oil industry.

-----

Earlier: 

NIGERIA WANT $50 BLN 

NIGERIAN OIL DOWN 50% 

SHELL LOWERS NIGERIA 

SHELL & NIGERIA CORRUPTION 

NIGERIA PAYS $2.1 BLN

 

 

Tags: NIGERIA, OIL, NNPC

Chronicle:

NIGERIA'S OIL UP
November, 20, 09:05:00

INDIA'S GAS WILL UP

REUTERS - India’s natural gas consumption is expected to rise to 70 billion cubic metres (bcm) by 2022 and 100 bcm by 2030, according to a government think tank and the Oxford Institute of Energy Studies, up from 50 bcm now. India burns just 7 percent of what top user the United States consumes in a year with about a quarter of India’s population.

NIGERIA'S OIL UP
November, 20, 09:00:00

NORWAY SELLS OIL & GAS

Norway, which relies on oil and gas for about a fifth of economic output, would be less vulnerable to declining crude prices without its fund investing in the industry, the central bank said Thursday. The divestment would mark the second major step in scrubbing the world’s biggest wealth fund of climate risk, after it sold most of its coal stocks.

NIGERIA'S OIL UP
November, 20, 08:55:00

OIL PRICES UP

WSJ - Light, sweet crude for December delivery rose $1.41, or 2.6%, to $56.55 a barrel on the New York Mercantile Exchange, snapping a three-session losing streak. Brent, the global benchmark, advanced $1.36, or 2.2%, to $62.72 a barrel.

NIGERIA'S OIL UP
November, 20, 08:50:00

U.S. RIGS UP 8 TO 915

U.S. Rig Count is up 327 rigs from last year's count of 588, with oil rigs up 267, gas rigs up 61, and miscellaneous rigs down 1 to 1. Canada Rig Count is up 24 rigs from last year's count of 184, with oil rigs up 9 and gas rigs up 15.

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