The Nigeria LNG Limited (NLNG) on Tuesday said marketers were unable to offtake the full 450,000MTPA of Liquefied Petroleum Gas (LPG) allocated to the Nigerian market by the company due to various factors. Mr Austin Ogbogbo, Marketing Manager, NLNG ,…
The Federal Government has officially written to the Organization of Petroleum Exporting Countries (OPEC) to seek for a higher production quota based on the OPEC+ agreement. The Federal Government hoped, with the request, that the OPEC+ and allies would grant…
The Nigerian Communications Commission (NCC) has said that Nigeria does not need oil to prosper as a country. According to the Commission, digitally prosperous nations do not pride themselves with crude oil deposits and Nigeria can join the league of…
The recently appointed President of Exploration and Production and member of the Executive Committee of TotalEnergies, Nicolas Terraz will participate in Africa Oil Week in Dubai. According to the company, he will deliver an opening address on Monday, November 8,…
The Secretary General, Organisation of Petroleum Exporting Countries (OPEC), Mohammad Barkindo has said Iraq will be hosting the organisation’s 60th anniversary in first quarter of 2022. Barkindo disclosed this in a letter he signed and issued to all Heads of…
By Uthman Salami The African Deve lopment Bank (AfDB) through its Sustainable Energy Fund for Africa (SEFA) unit has announced the approval of a $1 million grant for the modernisation of Africa’s hydropower fleet. According to the Bank, the modernisation of hydropower…
African oil and gas producing countries have been urged to develop a social investment plan that utilizes proceeds from the hydrocarbon industry. The Director of Resources and Energy, ABSA Securities, United Kingdom, a specialist investment bank with focus on funding…
The Management of Bayelsa Oil Company Limited has said that the loss of its operating license in the last marginal oilfields licensing rounds was due to betrayal by its former partners. Recall that the Department of Petroleum Resources (DPR) on…
Residents of Plateau have decried the current prices of cooking gas. A 12.5 kg cylinder, which sold for N4,500 before July now sells for between N6,500 and N7,000. Some residents of Plateau on Monday in Jos, said that the price…
The Nigerian National Petroleum Corporation(NNPC ) has announced that natural gas production in the country increased by 6.19 per cent at 222.23 billion cubic feet in May 2021. The corporation disclosed this in its Monthly Financial and Operation Report (MFOR) …
