According to the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Nigeria’s gas reserves grew to 209.5 trillion cubic (tcf) in 2022 which ranks as the ninth largest in the world, but harnesses only about 8 billion standard cubic feet…
A oil rig contracted by SEPLAT/NNPCL joint venture capsized yesterday in Delta State. The incident involving the Majestic rig near Ovhor, Delta State happened in the early hours of Tuesday. A statememt by the Chief Executive Officer of Seplat, Mr…
In its interim results for the period that ended in June 2023, Golar LNG said it signed heads of terms with Nigeria National Petroleum Corporation for the joint development of gas fields using floating liquefied natural gas (FLNG), expanding on…
The Senior Special Assistant to President Bola Ahmed Tinubu on Public Affairs, Ajuri Ngelale has said that more refineries in Nigeria, will not lead to lower fuel prices. He made this known during a recent interview via TVC News. According…
The Nigeria Extractive Industries Transparency Initiative (NEITI) says Nigeria requires $20 billion annually to achieve the desired gas expansion plan to bridge the country’s gas infrastructure. NEITI Executive Secretary, Dr Orji Ogbonnaya Orji at the policy dialogue on Nigeria’s Decade of…
President Bola Tinubu has assured that measures would be taken to stabilise the supply and demand of petrol in the country. The Presidential spokesman, Ajuri Ngelale, who disclosed this on Tuesday, said the measures would involve addressing the inefficiencies noticed…
The Nigerian Content Development and Monitoring Board (NCDMB) and the Anti-Corruption Agency of Nigeria (ACAN) recently concluded a three-day sensitisation workshop on “Achieving Zero-tolerance for Corruption in the Workplace,” with staff educated on the types and potential consequences of corruption…
By Akinyemi Precious According to a report from S&P Global Commodity Insights, fuel imports into Nigeria fell to 106,000 barrels per day (bpd) in July 2023, from the 205,200 barrels per day recorded in May 2023. The Authority chief executive,…
Despite economic disruptions caused by the Russia-Ukraine conflict and the aftermath of the COVID-19 pandemic, NIPCO Plc has released its audited financial statements (AFS) for 2022, a development that showed the firm’s impressive growth across major gas business. 2022 was…
Effective from Saturday, August 12, diesel prices hit N867 per litre in Lagos state and N875 in the Southwest region. This is because Diesel prices are skyrocketing despite being deregulated before the fuel subsidy removal because ex-depot prices are increasing.…
