Power sector owes gas firms N100bn – Chevron boss

The Chairman, Oil Producers Trade Section (OPTS) and Managing Director, Chevron Nigeria, Mr. Clay Neff, while speaking at the Nigerian Gas Association’s Business Forum 2016...

$17bn undeclared crude: 47m barrels of oil unaccounted for – Reps

The House of Representatives  Adhoc Committee investigating $17 billion allegedly stolen from undeclared crude oil and liquefied gas sale in the international market has demanded for...

Nigerian crude differentials under pressure from ample supply

Nigerian differentials have remained under pressure from ample supply. Around 30 January-loading cargoes are still available even as the February programmes have started to...

Nigerian exports slumped 40% in 2015 as oil prices plunged

The national bureau of statistics (NBS) has said that Nigerian exports slumped 40.3 percent last year after a fall in crude prices slashed government...

China increases LNG imports from Nigeria

China's state-owned buyers have stepped up imports from Nigeria LNG (NLNG), with six cargoes delivered to the country's LNG terminals so far this year,...

JTF nabs vessel involved in oil theft

Nigeria's special military unit in the Niger Delta, the Joint Task Force, said Wednesday it had seized an ocean-going vessel and a barge suspected...

Shell’s LNG forecast rekindles hope in Brass LNG’s future

A new forecast on the global liquefied natural gas (LNG) market by Royal Dutch Shell has disclosed that demand for LNG would continue to...

JTF intensifies operations on pipeline vandals in Lagos, Ogun creeks

The Operation Awatse Joint Task Force, comprising military forces and some elements of the paramilitary, yesterday sustained the tempo in flushing out the dreaded...

Police investigate alleged withdrawal of $3.2bn from Brass LNG account

The police have begun investigations into the alleged depletion of a $3.7bn account of the Brass/Liquefied Natural Gas Company. The Brass/Liquefied Natural Gas account which...

Global gas body cuts Nigeria’s gas flaring by 10 bcm a year

The Global Gas Flaring Reduction (GGFR) initiative may have assisted Nigeria to reduce gas flaring by 10 billion cubic metres (bcm) per year in...

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