Only 2 NNPC subsidiary companies are profitable – BudgIT

A recent report by BudgIt, a research and business intelligence firm, has revealed that only two of the 11 subsidiaries of the Nigerian National...

Shell lifts second cargo from Lekoil’s Otakikpo field

LEKOIL, the oil and gas exploration, development and production company with a focus on Africa, is pleased to announce its second export from the...

Brass LNG project requires special attention – Gov. Dickson

Bayelsa State Governor, Henry Seriake Dickson, Wednesday called on the federal government to accord special attention to the Brass Liquefied Natural Gas project (LNG)...

Portugal to receive Nigerian LNG cargo on June 26th

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...

Nigeria’s gas exports over 70% despite domestic shortages

As the country continues to suffer gas shortage for power plants and household cooking, industry stakeholders have raised concerns about the continued export of...

Shell develops various gas projects to aid power sector, others

The Shell Petroleum Development Company (SPDC) Joint Venture is developing various gas projects to support domestic consumption, especially by industrial concerns and power generating...

WAPCo seeks new gas supply from Lagos oil field

The West Africa Pipeline Company Limited has said it is looking to capture new gas supply from Nigeria, with a focus on the Aje...

Nigerian exports rebound, set to hit 2million bpd in August

Loading plans showed on Wednesday that Nigeria's August loading plan hit its highest since before the early 2016 Forcados force majeure, Reuters reports. Nigeria's August exports...

Nigeria spends $28bn annually on petrol importation – Kachikwu

The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said that Nigeria allocates an average of $28 billion of her foreign exchange...

Tenders keep spot trade for Nigerian crude on hold as Bonga maintenance ongoing

Spot deals were on hold on Tuesday, traders said, indicating that a number of Asian tenders are due to close this week and sellers...

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