8.3 C
New York
Friday, August 7, 2020
No menu items!
Home OIL AND GAS

OIL AND GAS

NLNG Supplied 275,000mt to Nigerian LPG Market in 2019 – Official

The Nigeria Liquefied Natural Gas (NLNG) Limited revealed at the ongoing Fourth Sub Saharan Africa International Petroleum Exhibition and Conference (SAIPEC) in...

ADM Energy takes further interest in license offshore Nigeria

ADM Energy has entered into a sale and purchase agreement with EER (Colobus) Nigeria Limited to acquire a participating interest of 2.25%...

DPR forecasts Nigeria’s oil reserves will dry up in 49 yrs

The future does not belong to oil despite the fact that 90 per cent of Nigeria’s foreign exchange and 86 per cent...

NCDMB partnerships to yield US$360m turnover annually

The Nigerian Content Development and Monitoring Board (NCDMB) has indicated that the Board is targeting an annual turn-over of US$360m from its...

DPR hands over OML 98 to NPDC

The Department of Petroleum Resources (DPR) has officially handed over the Oil Mining Licence (OML) 98 to the Nigerian Petroleum...

NLNG gets nod to make Finima Nature Park Ramsar site

Nigeria LNG Limited (NLNG) has received a Letter of Nomination from the Federal Ministry of Environment to make Finima Nature Park, a...

“Our intervention will increase power generation by 1,200mw” – Seplat

Seplat Petroleum Development Company Plc has said the Assa North-Ohaji South (ANOH) gas and condensate processing plant in Imo State slated to...

FUPRE laments FG’s neglect, may approach National Assembly

Management of the Federal University of Petroleum Resources Effurun (FUPRE), Delta State, has said it may seek National Assembly’s assistance to address...

Nigeria’s oil output could fall 35% without reforms – Expert

Cost increases and uncertainty in Nigeria’s crucial energy sector could lead to a 35% decline in oil output over 10 years as...

Why NPA revoked LADOL’s Land Lease Agreement

Fresh facts have emerged that the Nigerian Ports Authority (NPA) revoked the land lease agreement signed with the Lagos Deep Offshore Logistics...

VANDALISM: Pipeline feeding Brass export terminal shutdown

An oil pipeline explosion in Nigeria forced the local subsidiary of Italian oil major Eni to close a pipeline feeding the Brass...

EFCC to try nine foreigners for oil theft

The Nigerian Navy has handed over seven Sri-Lankans and two Ghanaians, who were among the 66 suspected crude oil thieves arrested in...
- Advertisment -

Most Read

Four lessons Nigeria must learn from Beirut Port blast

Less than 48 hours to the 75th anniversary of the detonation of an atomic bomb over the Japanese city of Hiroshima by...

Petroleum industry unions seek clarity over new fuel price

As more marketers raised the pump price of Premium Motor Spirit (petrol) on Thursday, the Nigeria Union of Petroleum and Natural Gas...

NNPC takes step to end Oil Mining Lease 130 dispute

The Nigeria National Petroleum Corporation (NNPC), China’s CNOOC Ltd and South Atlantic Petroleum (SAPETRO) signed a preliminary agreement to resolve a dispute...

Glencore posts record oil trading earnings despite lower volumes

…Crude, product volumes slip 8% to 4.27 million b/d…Trading opportunities soar during pandemic upheaval…Reports $2.6 bil net loss on coronavirus impairments