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Oil & Gas

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 ...

Reactions trail suspension of fuel supply to border towns

Friday, November 8, 2019
In a legally controversial move, the Federal Government has directed that petroleum products should not be supplied to fuel stations within 20 kilometres of the nation rsquo;s international borders. The fuel supply restriction was communicated from the Nigeria Customs Service Headquarters in Abuj ...

NNPC establishes two 200,000 Barrels-Per-Day condensate refineries

Tuesday, November 5, 2019
The Nigerian National Petroleum Corporation (NNPC) is establishing two new 200,000 barrels-per-day condensate refineries to boost in-country refining capacity. Unlike the conventional refineries, condensate refineries primarily refine condensate, not crude oil. They often produce one product, mos ...

Youths Disrupt Crude Oil Production In Belema Community In Akuku-Toru Local Gove

Thursday, October 24, 2019
Barely a month after the official re-opening of Oil Mining Lease, OML-25 flow station in Belema community in Akuku-Toru Local Government n Rivers State, youths have invaded the flow station and disrupted production operated by Shell Petroleum Development Company, SPDC. The traditional ruler of Be ...

Federal Government Inaugurates Team To Monitor, Track Imported Fuel

Friday, October 11, 2019
The Federal Government has inaugurated a team of 89 persons drawn from five key agencies to ensure transparency and accountability in the distribution of petroleum products across the country. Speaking at a brief ceremony held at the Nigerian National Petroleun Corporation (NNPC) Towers on Thursd ...

DPR warns oil & gas lab operators against data compromise

Thursday, October 3, 2019
Acting Director of the Department of Petroleum Resources (DPR), Alhaji Shakur Ahmad Rufai, has issued a stern warning to oil and gas laboratory operators to avoid compromising data analysis results in order to ensure ethical industry standards and best practices. Shakur gave the warning at the th ...

NLNG seeks lenders for $10billion expansion loan

Saturday, September 14, 2019
Nigeria Liquefied Natural Gas (NLNG) Limited, the operator of Africa rsquo;s largest natural gas plant, is in talks with lenders to finance a $10 billion expansion. The company is discussing with the country rsquo;s top-10 lenders including Guaranty Trust Bank Plc and Zenith Bank Plc, to raise as ...
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