The Independent Commodity Intelligence Services has revealed that Nigeria is aiming to export 16.2 million tonnes of Liquefied Natural Gas in 2023. According to ICIS, Nigeria’s LNG exports depreciated in 2022, falling 15 per cent compared with 2021. “We forecast…
Nigeria and Angola contributed to the increase in crude oil output for OPEC-13 members in January 2023, according to OPEC’s monthly oil market report. Angola’s crude oil output increased from 1,088 million barrels per day (mb/d) in December 2022 to…
The Nigerian Ports Authority (NPA) on Tuesday said that out of the 25 ships expected at the Lagos Port Complex, seven ships were carrying petroleum products. It listed the petroleum products as butane gas, petrol and automobile gasoline. It said…
OPEC’s top official urged countries to invest much more in oil to meet the world’s future energy needs and said climate policies need to be more “balanced and fair.” “It is imperative that all parties involved in the ongoing climate…
The Federal Government received about $5.28billion as dividends from the Nigeria Liquefied Natural Gas Limited (NLNG) under the regime of President Muhammadu Buhari. The latest data contained in the Facts and Figures 2022 report of the NLNG, obtained in Abuja…
Management of Ibadan Electricity Distribution Company (IBEDC), on Monday, organised free cervical cancer screening for 20 women in Osun to commemorate the 2023 World Cancer Day. The screening, tagged: “World Cancer Day 2023: Let’s Defeat Cervical Cancer, IBEDC Awareness Initiative,”…
The Dangote Refinery says it will resolve perennial fuel scarcity in Nigeria with its 650,000 barrel per day (bpd) production capacity. The General Manager, Dangote Sugar, North, Abdulsalam Waya stated this during the Dangote Group Special Day at the ongoing…
Justice Chukwujekwu Aneke of the Federal High Court, Lagos Judicial Division, has again restrained the Asset Management Corporation of Nigeria, from selling the Ibadan Electricity Distribution Company (IBEDC) Plc. The court’s ruling on an interlocutory injunction sought by defendants in…
The Federal Government has announced plans to establish reliable database to determine appropriate tariff methodology for transportation and bulk storage of crude oil and natural gas in the country. The Authority Chief Executive (ACE), Nigerian Midstream and Downstream Petroleum Regulatory…
The Movement for the Survival of Ogoni People has applauded the House of Representatives for halting the sale of OML11 to Sahara Energy for the sum of $250million. This is as the House of Representatives recently urged the Federal Government…
