Nigeria is set to enhance its position as one of Africa’s top oil and gas producers at African Energy Week (AEW) 2021 in Cape Town. With a strong delegation led by H.E. Minister Chief Timipre Sylva, the country will not only contribute towards, but drive the conversation on oil, gas, and exploration. Joining the delegation […]
The Organisation of Petroleum Exporting Countries (OPEC) maintained that no country, including Nigeria, which has under-performed in meeting its monthly oil quota allocation would have its baseline increased. The oil producers’ group insisted that it beats common logic that Nigeria which has consistently failed to meet its quota in the last couple of months, would […]
Minister of State for Petroleum Resources Timipre Sylva, has said that the passage of the Petroleum Industry Bill into law will significantly boost Nigeria’s potential to achieve its oil production to four million barrels per day. In addition, he said the passage of the PIA will also boost the nation’s oil reserves from 37 billion […]
he Nigerian National Petroleum Corporation (NNPC) generated a total of N2.345trillion as revenues from the sales of petroleum products in the one year period from May 2020 to May 2021, according to the latest monthly report from the state-owned oil company. The May 2021 edition of the NNPC monthly financial and operations report (MFOR) released […]
The Gombe State Government signed an MoU with an oil firm for the exploration of petroleum products in the state. The Gombe State Government has signed a Memorandum of Understanding (MoU) with an oil and gas company, Rift Oil and Petroleum Company, for the exploration of petroleum products in the state. Governor Inuwa Yahaya, who […]
The Nigeria LNG Limited (NLNG) on Tuesday, said marketers were unable to offtake the full 450,000MTPA of Liquefied Petroleum Gas (LPG) allocated to the Nigerian market by the company due to various factors. Marketing Manager, NLNG, Mr Austin Ogbogbo, made the clarification during an interactive session with newsmen in Lagos. Ogbogbo noted that NLNG was […]
Nigeria was saved the sum of $2 billion dollars from the ongoing Train 7 of the Nigeria liquefied Natural Gas (NLNG) project as a result of using Nigerian firms, Mr Simbi Wabote, Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB). The News Agency of Nigeria (NAN) reports that Wabote, stated this on Friday, shortly […]
After months of stalling because of Covid restrictions and Organisation of Petroleum Exporting Countries (OPEC) cuts, as well as significant international criticism over misplaced funds, Nigeria appears to be optimistic about the future of its faltering oil industry in a time when few others are. The Nigerian government announced weekend that it expects the country […]
Few years after the Floating Liquefied Natural Gas (FLNG) technology became feasible; the Department of Petroleum Resources (DPR), Monday, granted Nigeria’s first licence for the production of 176 million cubic feet per day (MMCFD) of gas. FLNGs are water-based LNG, which uses modern technology in the development of offshore natural gas resources. With the initiative, […]
SEPLAT Petroleum Development Company plc, NNPC and partners have secured a two hundred and sixty million dollars funding for the ANOH gas project. The funding, from a consortium of seven indigenous banks, is first of its kind for gas midstream and one that experts believe will contribute to transforming Nigeria’s energy landscape.
