TAG: FORCADOS TERMINAL

Finally, Forcados is back…the nuggets

Nigeria’s major oil export platform Forcados Oil terminal issued its first loading plan since the it was shut down...


All the major economic news from Nigeria in 5 minutes – 2/6/2017

Summary of the top business, economic and political news in Nigeria today   The Manufacturing Purchasing Managers’ Index (PMI)...




In secret, corporates come clean about their outlook for the economy

The recently concluded Renaissance Capital Annual Pan-African Conference aptly titled Stability is Returning, provided us with a unique insight...


The Nigerian Economy Today 18/4/2017

Summary of the top business, economic and political news in Nigeria   NAIRAMETRICS BUSINESS & ECONOMY CBN denies knowledge...


Lower Oil Prices Means Lower FAAC Allocation for February

Nairametrics| The Minister of Finance, Kemi Adeosun, said the Federal Government had shared N429.127 billion as for February’s FAAC...


Forcados: Why It’s Too Early To Celebrate Seplat

Nairametrics| Seplat has confirmed that Nigeria’s Trans Forcados pipeline, which was shut most of last year due to damage...


Seplat: Why Is ABC Orjiakor Selling His Shares?

On Tuesday, Seplat Nigeria Plc was the most traded stock on the Nigerian stock exchange after it recorded a...


Niger Delta Militants “Greenland Justice Mandate’ Issues First Press Release for 2017

Niger Delta Militants Niger Delta Greenland Justice Mandate have issued their first press release for 2017, explaining why they have...


Nigeria Is Now A Big Problem For OPEC

Last week OPEC announced a landmark deal that saw members agree a 1.2mbpd oil cut. The decision helped push...


Kachikwu : I “Guess” Our Crude Oil Production Is Now 1.9mbpd.

The Minister of State for petroleum, Dr Ibe Kachikwu has just revealed (more like guessed) that Nigeria’s crude oil...


Seplat Petroleum Plc Q3 16 – Forcados Shutdown Balloons Losses To N87 billion In 9 Months

Seplat Petroleum Development Company Plc (Seplat) published its 9M 2016 result which chiefly reflected obvious challenges from shut-ins in...


Heads Up on Forcados Terminal

Some days back, the Presidency announced the resumption of crude exports from the 250-300kbpd Trans-Forcados Pipeline (TFP) terminal in...


Analysis: The Return Of Forcados Is A Major Buy Sign For Seplat Shares

Retail Investors pondering over which stocks to invest in next year may have to start looking in the direction...


Nigeria Is Offering Buyers A Discount To Buy Our Crude Oil

Bloomberg is reporting that Nigeria has cut the price it sells crude for in an effort to regain share of...


Weekly Oil and Gas Roundup: The “Slavery & Nigeria’s Oil Economy”

A weekly roundup of oil and gas industry in...


Government Suffers 20.5% Loss in Latest Revenue Allocation

Figures released by the Ministry of Finance showed that there was a 20.5% drop in distributable income for July...


Analysis: Nigeria’s Oil Industry Is On Its Knees….Begging

Anger in the Delta keeps oil majors quiet – and Nigeria’s crude offline Oil companies and even Nigerian officials...


More woes as 4 Nigerian oil export grades are now shut under force majeure

Oil Giant Shell has declared a force majeure on its Bonny Light Crude oil lifting facility due to what...


Oil Industry Weekly Review: “Nigeria has terminal illness”

Banks with exposure to power and oil companies are also expected to suffer a little more. Loans sourced in...



WARNING: Why The Latest GDP Numbers Could Be Bad, Very Bad

In December 1983, martial music began playing on the airwaves on the last day of the year followed by...


Crude Oil Woes: A Short Tale Of Why Nigerian Economy Is In A Mess

Ibe Kachikwu Studios put out their latest movie yesterday starring Ibe Kachikwu, of course. The video is quite good...


Seplat Presents ‘Facts Behind The Figures’ – Blazing The Gas Trail

SEPLAT Petroleum Development Company Plc (“SEPLAT” or the “Company”), a leading Nigerian independent oil and gas exploration and production...


Shell Declares Force Majeure On Nigeria’s Bonny Light Over Fear Of Militant Attack

The Shell Petroleum Development Company (SPDC) has declared force majeure on exports of Bonny Light, Nigeria’s reference crude oil...


MILITANTS AT WORK: Nigeria’s Oil Production Drops To 22 Year Low

Reuters is reporting that crude oil output from Nigeria is at its 22 year low. This follows a series...


Why We Bombed Again: Chilling Press Release From The Niger Delta Avengers

The Niger Delta Avenger blew up a critical NNPC crude and gas pipelines feeding crude to the Warri and Kaduna...


Has Seplat Just Mistimed Its Hedging As Crude Prices Rebound?

Seplat Petroleum Development Company Plc an indigenous Nigerian oil and gas firm spent $8.3 million in buying put options...


Shell Petroleum Development Company Reports $42 Billion Remitted To FG

Shell Petroleum Development Company (SPDC) has revealed that the company and the Joint Venture (JV) partners paid $42 billion...


BOOM: Brent Crude Price Drops 5% And May be Headed Below $40

As expected the price of Brent Crude has dropped by a massive 5% in Asian Market following the gridlock...