NNPC claims Nigeria oil output at 2mn bpd

740500486 4486aa3926 bNigerian National Petroleum Corporation (NNPC) group managing director Maikanti Baru has announced this week that the country's oil production has recovered to 2mn bpd

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Shell completes sale of Vivo Energy to Vitol Africa BV

ShellgasstationlosthillsShell has completed the sale of its 20 per cent interest in Vivo Energy Holding B.V. to Vitol Africa B.V. for a total amount of US$250mn

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Namibian offshore project may entice other investors to the country

Namibia homelands 78Namibia is looking to make progress on its flagship Kudu gas project this year, encouraging the many smaller upstream investors who continue to believe in the southwest African country’s offshore potential

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IEA: Oil market supply and demand are close to matching up

Overhead Worker Enbridge Oil Spill pipeline removal 4869018109Supply and demand in the oil market are close to matching up, the IEA said on 13 April, as landmark OPEC-led production cuts are mitigated by rising US supply and slipping worldwide demand growth

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NNPC to move into power generation and transmission

Maikanti BaruThe Nigerian state oil company, the Nigerian National Petroleum Corporation (NNPC), stated in a statement by its chief that it was planning on moving into power generation and transmission, in order to try and resolve the country's long-standing power problems

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