Multi-billion Dollar LNG plants at risk over fuel price tussle

Dozens of multibillion-dollar natural gas shipping terminals proposed from Canada to Mozambique risk being held up by an industry debate over how to determine...

Trader backs NNPC on SWAP deals

Executive Director, Sahara Energy, Wale Ajibade has backed the Nigerian National Petroleum Corporation (NNPC) conduct of the oil SWAP arrangement, saying the deals conformed...

Shell shuts Nigeria’s Nembe Creek Trunk oil pipeline due to theft

  Royal Dutch Shell said on Wednesday that it had closed Nigeria's Nembe Creek Trunk oil pipeline on Saturday to stop leakage caused by theft. The...

Insurgency, non-Passage of PIB leads to rise in cost of oil and gas projects

Heightened insecurity in Nigeria, due to the Boko Haram increased attacks, has triggered an unprecedented rise in the costs of execution of oil and...

Reps order NNPC to produce 5-year crude oil sales figures

The House of Representatives yesterday demanded from the Nigerian National Petroleum Corporation, NNPC, official selling price of the country’s crude oil from 2008 to...

NEITI: Nigeria loses $8bn through crude oil swaps

Nigeria may be losing an estimated $8 billion annually through the crude oil-for-refined products exchange arrangement, better known as crude oil swaps, which the...

Ex-NNPC legal adviser questions over status of natural gas devt in PIB

A former Company Secretary and Legal Adviser of the Nigerian National Petroleum Corporation (NNPC), Prof. Yinka Omorogbe, has disclosed that there are no provisions...

Stakeholders seek review of 445,000bpd to NNPC

Mixed reactions have continued to trail the allocation of 445, 000 barrels of crude oil per day to the Nigerian National Petroleum Corporation (NNPC)....

Nigerian crudes for March steady on healthy demand from Europe, India: Sources

Nigerian crudes for March loading have sold well with less than 10 cargoes unsold from the March program, because of healthy demand from Europe...

NNPC saves $565m through swap regime

The Nigerian National Petroleum Corporation (NNPC) has saved the country over $565 million through the crude swap and offshore processing arrangement since the business...

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