OIL AND GAS

…Sealed deal key to realization of Nigeria, E/Guinea gas dreams Equatorial Guinea has said that it is positioning itself as a hub for gas in the Gulf of Guinea and hopes to deliver where others have failed, in developing…

A high ranking Nigerian policeman has refused to corroborate corruption allegations at the heart of the trial of Eni SpA and Royal Dutch Shell Plc over a Nigerian oil deal. At the centre of the case is the $1.1 billion payment Shell and…

…Coronavirus in China may trigger further oil cut Uncertainty is hanging on the Organisation of Oil Exporting Countries (OPEC). Experts say the next two weeks will prove critical for the global oil body with the suspicion that…

Nigerian National Petroleum Corporation (NNPC) has reported that crude oil export sales contributed $396.94 million or 82.14% of the nation’s dollar transactions in October 2019, compared with $267.97 million contribution in the previous…

Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has confirmed that Nigeria reached its crude production quota in December under the OPEC agreement, explaining that OPEC quotas only apply to…

Purchasers of gasoline in Liberia are wondering at the skyrocketing cost of the product; whereas the sales at the streets flourish at the expense of gas station pump sales. Liberian Observer reported yesterday that a gallon…

…For Offshore Oil and Gas Opportunities In W/A Nigeria based Tropical Arctic Logistics (TAL), a subsidiary of Baywood Integrated Group, has entered into a partnership with Belgium-based offshore helicopter operator NHV Group. …

The Nigeria Liquified Natural Gas Limited (NLNG) said that it has signed a LNG Sale and Purchase Agreement (SPA) with ENI for some of the remarketed volumes from NLNG’s Trains 1, 2 and 3. NLNG disclosed this in a statement signed by…

In its commitment to build local capacity in the Nigerian oil and gas industry, Total Exploration and Production Nigeria has concluded plans to train nine Nigerian lecturers at the Massachusetts Institute of Technology (MIT), Cambridge,…

New Zealand has taken a significant leap in its drive for carbon neutrality when in November 2019, the country passed a law committing itself to carbon neutrality by 2050. In January 2020, it passed a law banning new permits…

…As National Assembly resumes today Once again, President of the Nigerian Senate, Ahmad Lawan, has reiterated the commitment of the National Assembly towards prioritizing the lingering Petroleum Industry Bill (PIB), as the…

Fall in oil price in the global market, which lingered since 2019, seem to be hitting Egypt hard. Reports say the government of the North African country is currently working on a plan to reduce the number of liquefied natural gas (LNG)…

…Expects cash proceeds of $7m …Marginal output set at 5,860 bpd LEKOIL has confirmed that the Otakikpo Joint Venture has completed the first crude oil lifting of this year by the nominated off-taker, Shell Western…

Brent crude fell below $60 last Friday, triggering in some quarters that Nigeria’s 2020 budget may be in some threat. The budget was prepared with the oil benchmark of $60 per barrel. A report last week by Business Post said…

…13,000 beneficiaries emerge in Nasarawa Nigerian government’s project of supplying 1000 units of cooking gas to rural women in each of the 774 local government areas nationwide, under the National Cooking Gas program, has started with…

The Chief Executive Officer of Seplat Petroleum Development Company Plc, Mr. Austin Avuru has said that his company remains committed to acquiring more assets in the exploration and production space, and to organic growth. Avuru, at the…

Nigeria Security and Civil Defence Corps (NSCDC), Kaduna State Command, in collaboration with the Department of Petroleum Resources (DPR), has commenced evacuation of decommissioned LPG gas cylinders in the state. The NSCDC said it…

Nigeria LNG Limited (NLNG) and Total Gas & Power (TGP) have signed a LNG Sale and Purchase Agreement (SPA) for some of the remarketed volumes from NLNG’s Trains 1, 2 and 3. The NLNG General Manager, External Relations, Eyono…

Traditional rulers and other stakeholders in Nigeria have been called upon to support efforts to curb oil theft and resultant incidents of pipeline fires in the country. The Group Managing Director of the Nigerian National Petroleum…

The Nigerian Petroleum Corporation (NNPC), has assured that the corporation is deploring the Horizontal Directional Drilling Technology (HDDT) as a check on the unwholesome incidences of pipeline vandalism in the country. NNPC Group…