OIL & GAS
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We have paid FG $13bn for gas purchase – NLNG
The Nigeria LNG Limited says it has paid over $13bn to the Federal Government for feed-gas purchase since the inception…
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Electricity workers’ union threatens strike over president’s sack
Electricity workers under the aegis of Senior Staff Association of Electricity and Allied Companies have threatened to embark on industrial…
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Nigerians to start renting cooking gas cylinders – FG
The Federal Government on Thursday announced that it was creating micro-distribution centres where users of cooking gas would access the…
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Oil records second monthly drop, unsold cargoes increase
Brent appreciates marginally to $30.40/barrel Crude oil in the Organisation of Petroleum Exporting Countries reference basket dropped for the second…
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FG warns oil firms against employing foreigners illegally
The Federal Government has warned oil and gas firms against the illegal use of manpower supply permits to employ expatriates…
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NLNG shareholders set 2025 production target for Train 7
• Approve engineering contracts With Train 7 completion date expected in five years, shareholders of the Nigerian LNG Limited, yesterday,…
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NCDMB, DPR to check abuse of expatriate quota in oil sector
All companies seeking to engage expatriates in the Nigerian oil and gas industry must henceforth ensure they obtain the relevant approvals…
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NLNG to begin domestic supply of LNG
After decades of exporting liquefied natural gas from the country, the Nigeria LNG Limited has said it is engaging market…
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NNPC sacks 100 contract workers
The services of over 100 workers contracted by selected contractors of the Nigerian National Petroleum Corporation to work at refineries…
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Refineries produced no petrol in eight months – NNPC
No drop of petrol or kerosene was produced by any of the refineries under the management of the Nigerian National…
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US slashes imports of Nigerian oil by 60%
The United States cut its imports of Nigerian crude oil by 60.37 per cent to 1.93 million barrels in January…
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FG targets N103bn from gas flaring penalty
The Federal Government has said gas flare penalty payment by oil and gas companies in the country will increase to…
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NNPC reduces petrol depot price to N108
The Nigerian National Petroleum Corporation on Wednesday night announced a reduction in the ex-depot price of petrol from N113.28 per…
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GenCos raise alarm over nation’s weak national grid
Electricity generation companies (GenCos) in Nigeria, have again raised an alarm over the epileptic performance of the nation’s national grid.…
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Privatise refineries, CSOs tell FG
A consortium of 15 civil society organisations on Tuesday asked the Federal Government to privatise Nigeria’s refineries and commit to…
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NUPENG, PENGASSAN caution oil companies against sacking workers
The national leaderships of both the Nigeria Union of Petroleum and Natural Gas Workers and the Petroleum and Natural Gas…
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FG’ll offer small oil fields for licensing –NNPC
The Federal Government will offer marginal oil fields for auction this year despite the crash in crude oil prices, the…
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NLNG plans construction contract for $10bn Train 7 project
The Nigerian LNG Limited has said it is making significant progress in activities that will lead to the formal award…
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‘How majors’ stake in gas, lower margins hedged against price volatility’
As the world groans under the impact of the coronavirus, oil majors with portfolio investments in gas in Nigeria, and…
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Nigerians’ll pay higher electricity tariffs, FG promises IMF
Nigerians will pay much higher tariff for power in 2021, going by promises made by the Federal Government to the…
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