OIL & GAS Archives

We’ll use Nigeria’s vast gas resources as transition fuel – NNPC

By MMS PlusFebruary 18, 2020

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NNPC, oil majors disburse $360m for Ogoni clean-up

The Nigerian National Petroleum Corporation and its joint venture partners have disbursed $360m towards the Ogoniland clean-up project as recommended…

FG Warns IOCs Against Disregarding Gas Flare Directives

By MMS PlusFebruary 18, 2020

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FG shortlists 200 investors for gas flare sites

The Federal Government has shortlisted 200 investors to bid for gas flare sites after the evaluation of statements of qualification…

Power grid collapses again, stakeholders’ meeting enters second day

By MMS PlusFebruary 17, 2020

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Power sector loses N19.15bn in 10 days

The nation’s power sector lost an estimated N19.15bn in 10 days due to constraints from insufficient gas supply, distribution and…

Crude Crashes To $60 As China Raises Tariff Against US

By MMS PlusFebruary 14, 2020

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Nigeria’s oil exports fall as explosion shuts pipeline

The nation’s oil exports have suffered a setback as an oil pipeline explosion forced the Nigeria Agip Oil Company, a…

N10tn spent on fuel subsidy in 15 years – Marketers

By MMS PlusFebruary 14, 2020

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One billion oil barrels found in North-East, says FG

The Minister of State for Petroleum Resources, Chief Timipre Sylva, said on Wednesday that the nation’s oil and gas sector…

PH Refinery: Marketers Eye Fuel Price Reduction, Ready To Load

By MMS PlusFebruary 13, 2020

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No privatisation of refineries, JV assets yet, says BPE

• Projects over N266.852b from sale of NIPPs, others There are no plans yet to privatise Nigeria’s ailing refineries, at least…

NNPC, U.S. seal $1.1 million pact for 1,350MW Abuja power plant

By MMS PlusFebruary 12, 2020

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NNPC, U.S. seal $1.1 million pact for 1,350MW Abuja power plant

A $1.1 million pact, expected to generate 1,350 megawatts (MW) Independent Power Plant was yesterday, in Abuja, signed between the Nigerian National Petroleum…

NLNG Gas Deliveries In Line With Regulatory Requirements- Management

By MMS PlusFebruary 12, 2020

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‘Coronavirus may cripple gas, LNG demand by 14 billion cm’

• Force majeure on international gas contracts to worsen situation Depending on the length of time required to contain the spread,…

Nigeria Loses N101bn Worth Of Oil, Says OPEC

By MMS PlusFebruary 8, 2020

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Nigeria Sees Rig Count Dip By 3 As OPEC Records Plus 12

Nigeria’s rig count declined by three last December, 2019, having recorded 17 as against 20 recorded in November, at a…

Electoral Act amendment bill: Senate backs down on overriding Buhari, refers bill to constituents

By MMS PlusFebruary 8, 2020

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Nigeria’s Oil Reform Bill To Be Drafted From Scratch, To Pass This Year – Senate President

Nigeria’s legislature has begun consulting with the president to draft “from scratch” a bill overhauling the nation’s petroleum sector and…

DPR Launches Guidelines For Nigeria’s Upstream Sector

By MMS PlusFebruary 8, 2020

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DPR Unveils Initiative To Digitise Downstream Operations

The Department of Petroleum Resources has launched its digitisation initiative for downstream operations under what it called the Automated Downstream…

$8bn Investments Lift Oil Rig Count To 46

By MMS PlusFebruary 8, 2020

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Nigeria Clings To Loss-Making Refineries As Angola Targets New Fids From SONANGOL Sale

Government reforms in Africa’s second largest producer, Angola’s oil sector including the targeted part-privatisation of its national oil company, SONANGOL…