Oil buoys Seplat, but pipelines and politics pose problems
Last year, theft on the Nembe Creek Trunk Line (NCTL) and Trans Niger Pipeline ranged from 30% to 90%.
Forcados
Nigeria’s focus on thieves misses metering miscalculations
The AG said this failure would have a “disastrous effect of capital flight and commercial fraud”.
Nigeria production bounces back as terminals resume
Nigeria has turned around its production doldrums from the summer, bringing terminals back online and boosting exports.
Shell terminal exports resume amid Nigeria’s production slump
Exports from Shell’s Forcados oil terminal in Nigeria resumed after a 10-week interruption, offering a boost to the government amid tumbling crude production this year.
Shell to resume Forcados exports
Shell will resume exports from its Forcados oil terminal by the end of the month, once essential repairs are completed.
Nigeria falls behind as output slips under 1mn bpd
Nigeria’s oil production has slipped below the 1 million barrel per day mark, according to new data from the upstream regulator. The decline in August has seen Nigeria fall to fourth largest producer in Africa, from first.
Tensions escalate in Nigeria over #endSARS protests
A Nigerian protest movement calling for changes to policing has received support from a group of Niger Delta militants, while coming under fire in Lagos.
Eland sale puts Westhill base on thin ice
Nigeria’s Seplat Petroleum has completed its acquisition of Eland Oil and Gas, which owns assets in Nigeria’s Niger Delta.