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Nigeria maintains LNG levels supply amid global price slump

Nigeria plans to keep its liquefied natural supply at current levels despite prices near record lows, the opposite of what exporters from...

NNPC makes new appointment, redeploys top management staff

The Nigerian National Petroleum Corporation (NNPC) has announced new appointments and redeployments in the National Oil Company, as part of ongoing efforts...

Petrol Price Increase: Nigerians condemn dishonest retail practices

"most petroleum retail outlets in Lagos adjusted their pumps immediately after the announcement, despite still selling old stock purchased at the previous ex-depot price."

Concerns heighten over delayed PIB fiscal framework

Fresh concerns have arisen over the outlook of Nigeria’s oil and gas fiscal regime, as efforts intensify on the passage of the...

AKK Gas Pipeline to revive deteriorating industries in Nigeria

On Tuesday, using a virtual platform, President Muhammadu Buhari launched the construction of the 40-inch x 614km Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline project.

Chevron Nigeria to acquire Sasol’s Escravos gas-to-liquids plant

South African petrochemical firm, Sasol, said it would sell its indirect interest in the Escravos Gas-To-Liquids (EGTL) asset in Nigeria to Chevron...

Oando celebrates commencement of Nigerian gas pipeline project

JSE-listed Oando attended as a consortium partner at the flag-off ceremony for the construction of the $2.8-billion, 40-inch and 614 km Ajaokuta-Kaduna-Kano...

Non-performing oil sector loans hit 26%

Nigeria’s banking system exposure to the oil and gas industry stood at 26 percent as at April 2020, indicating that over 25...

DPR vows to avoid past mistakes in 2020 marginal oilfield bids

The Department of Petroleum Resources (DPR) says there will not be a repeat of past mistakes made in previous exercises in the...

FG flags-off construction of 614km Ajaokuta-Kaduna-Kano gas pipeline

…As NNPC sets 24-month completion date The Federal Government’s aspiration to boost domestic utilisation of gas in Nigeria will...

PPPRA dumps price-fixing model for PMS

…To develop Code of Conduct for operators in new pricing regime The Petroleum Products Pricing Regulatory Agency (PPPRA) says...

NCDMB inaugurates new Sectorial Groups in virtual NCCF meeting

…With emphasis on maximizing gas development and utilization The Nigerian Content Development and Monitoring Board (NCDMB) recently held a...
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“Brace for higher fuel prices”, Minister tells Nigerians

…”We never promised permanent low fuel prices”- Sylva …To launch auto-gas scheme as alternative fuel Minister...

NNPC records 19% increase in gas supply to power sector

The Nigerian National Petroleum Corporation (NNPC) Thursday in Abuja announced an increase of 19.14 per cent in the average daily natural gas...

Explosion rocks NPDC’s Benin River Valve Station

The Nigerian National Petroleum Corporation (NNPC) has reported an explosion incident which occurred at Gbetiokun, OML 40, operated by the Nigerian Petroleum...

DPR records over 600 bids for 57 Marginal oilfields

The Department of Petroleum Resources (DPR) says over 600 companies have applied to be pre-qualified for the ongoing bid rounds of 57...