Tag: Forcados

Nigeria’s Forcados pipeline gets back online
Energy

Nigeria’s Forcados pipeline gets back online

Latest reports from Reuters News says Nigeria’s Trans Forcados pipeline has started pumping crude oil in Nigeria’s Niger Delta region. It would be recalled that Royal Dutch Shell’s subsidiary, SPDC and Heritage Oil Limited, the joint operators of the facility had hinted that it did shut down the pipeline after […]

Nigeria’s Forcados to ship 1.8 million bpd by July
Energy

Nigeria’s Forcados to ship 1.8 million bpd by July

Latest data by Reuters says Nigeria’s crude oil exports are set to reach 1.84 million barrels per day (bpd) in July. The projection is said to be slightly higher month-on-month, because of a recovery in Forcados exports, according to loading programmes compiled by Reuters on Wednesday. Forcados exports resumed at […]

NNPC Explains Its NGN26.51 Billion Net Loss
Policy

NNPC Explains Its NGN26.51 Billion Net Loss

The Nigerian National Petroleum Corporation, NNPC made a net loss of NGN26.51 billion for the month of June. However, the corporation has given out its position on the result. The corporation said its¬†operations witnessed the major impact of incessant vandalism; during the month more than 261 vandalized points were recorded […]

Seplat Suffers USD61 Million Net Loss In H1
Uncategorized

Seplat Suffers USD61 Million Net Loss In H1

Seplat PLC, one Nigeria’s indigenous oil and gas company reported that it suffered USD61 million net loss in its half year 2016 result. Net loss for the first six months was US$61million on gross revenue of US$143 million; cash flow from operations before movements in working capital was US$42 million, […]