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Oil & Gas

Plans To Sell Petrol At N97 Per Litre By Federal G

Thursday, January 16, 2020
The Federal Government says a plan is in motion to provide alternative petrol, Compressed Natural Gas (CNG), that would cost between N95 to N97 per litre. With just N97, Nigerians can get a litre of petrol in the coming days. The Minister of State for Petroleum Resources, Timipre Sylva, disclosed ...

NLNG Signs Long-awaited Train 7 final investment Decision

Saturday, December 28, 2019
Train 7 is expected to boost Nigeria rsquo;s LNG output by 35 per cent, to 30 million tonnes per year (NLNG) signed the long-awaited final investment decision on its Train 7 processing unit in Abuja on Friday, a key step forward in increasing its liquefied natural gas production. Train ...

Imo State Multibillion Dollar Assa North/Ohaji South Gas Development Project: Go

Tuesday, December 24, 2019
Imo State Governor, Emeka Ihedioha, has pledge the support of the government and people of the state for the success of the multibillion dollar Assa North/Ohaji South Gas development project. Speaking during a visit to him in his office last week by the leadership of the Shell Petroleum Developme ...

Minister Inspects Waltersmith Modular Refinery In Imo State. Promises Scheduled

Sunday, December 22, 2019
The Minister of State for Petroleum Resources, Chief Timipre Sylva, says the Federal Government will continue to support efforts to ensure the take-off of Waltersmith Modular Refinery by May 2020. Sylva gave the assurance during an inspection tour of the refinery construction site located in Ohaj ...

Court Cedes ownership of Soku Oil Wells To Rivers State

Monday, December 16, 2019
A Federal High Court sitting in Abuja on Monday ruled that Rivers State owns the disputed Soku il Wells/Fields located in Akuku-Toru Local Government Area of Rivers State that were ceded to Bayelsa State at the twilight of former President Goodluck Jonathan rsquo;s administration. In a judgment i ...

Department of Petroleum Resources (DPR) Is Aiding Smuggling Of Petrol - Customs

Friday, November 29, 2019
The Comptroller-General of Nigeria Customs Service, Hameed Ali, has accused the Department of Petroleum Resources (DPR) of shielding illegal petrol stations at border areas, as well as aiding smuggling activities. Ali, who made the accusation on Thursday in Abuja when he appeared before the joint ...

NNPC begins search for Lead Insurer of oil assets

Wednesday, November 13, 2019
The selection of insurer for the Nigerian National Petroleum Corporation rsquo;s (NNPC) assets in the 2020/2021 would be transparent, just as is the practice in other areas of the corporation rsquo;s operation nationwide, the National Oil Company has said. The Group Managing Director of NNPC, Mal ...

...Oil production to remain flat, gas output to more than double

Tuesday, November 12, 2019
Africa will emerge as a major player in natural gas markets as a producer, consumer and exporter with gas output poised to more than double in the next two decades, the International Energy Agency said in a new report at the weekend. The share of gas in the energy mix in Africa is projected to ri ...
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