Senate to probe Total E & P over 42km gas pipeline project

Worried over the alleged $1billion spent so far on the construction of the Obite-Ubeta-Rumugi 42.5 kilometre 42″ Gas Pipeline Project (OUR) in Rivers State,...

Cement manufacturers lose 36% of output capacity due to gas shortage

Inadequate gas supply has compelled cement manufacturers in Nigeria to produce 36 per cent below their installed capacity, Vanguard reports. According to Cement Manufacturers Association...

Qua Iboe offered higher as new loading programmes due

West African crude differentials were steady to firmer on Monday, supported by recent refining margin strength and demand from Indian tenders, Reuters reports. The market...

Nigeria’s market shrinks as S. Korea joins India in buying first US crude

Refiners in South Korea, the world’s fifth crude oil importer, have joined India to diversify their crude sources in what potentially could impact on...

$700m East-West gas pipeline suffers setback as contractors fail to meet deadline

The desire of Nigerians to enjoy a significant mark up in electricity supply to their homes and businesses has again suffered a setback, following...

Chinese banks commit funds to Nigerian oil and gas projects

In its bid to support the Federal government’s aspiration to increase power generation to 10GW, the Nigerian National Petroleum Corporation (NNPC) has unveiled plans...

Uruguay, Brazil pick up Nigerian crude but arbitrage remains in question

Strong refinery margins kept demand elevated, enabling several more Nigerian cargoes to trade. But gains in dated Brent were closing off some arbitrage routes...

Nigerian LNG cargo to arrive Portugal on August 18th

REN-operated Sines LNG import terminal in Portugal is to receive a new cargo of the chilled fuel from Nigeria, LNG World News reports. The cargo...

Nigerian crude cargoes trade swiftly, but differentials to Brent falter

Cargo offer differentials softened slightly this week for Nigerian crude, though barrels continued to trade relatively quickly. Strong demand from refineries worldwide was keeping...

Pan Ocean’s Amukpe pipeline to boost Nigeria’s oil exports by 160,000bpd

Pan Ocean’s Amukpe-Escravos Pipeline Project (AEPP) in Delta State, which is scheduled to come on stream before the end of the third quarter of...

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