New gas policy adopts tolling arrangement for future LNG projects, others

The federal government has adopted a new approach in its investment in new joint venture Liquefied Natural Gas (LNG) projects in the country, wherein,...

NNPC GMD lists achievements after one year at the corporation

Fellow colleagues, it has been one year since my assumption of office as your Group Managing Director. I want to thank you for the...

Nigerian Qua Iboe crude offered lower amid ample supply

Nigerian crude for August is selling slowly, traders said on Wednesday, and sellers were heard to be trimming offer levels for grades such as...

Federal cabinet approves national gas policy – Petroleum Ministry

Nigeria's oil ministry said in a statement that the Federal cabinet has approved a national gas policy that aims to reduce the country's dependence on...

NNPC, IOCs, independents lift N11trn oil over 12 months

According to its April statistical report, the Nigerian National Petroleum Corporation (NNPC) and International Oil Companies (IOCs) operating in the country including independent oil...

NLNG Act amendment will lead to double taxation, reduced investments

The Nigeria LNG Limited (NLNG), has warned that any amendments to the NLNG Act would lead to double taxation considering that gas suppliers to...

Shell blames 3rd parties for non-diversion of Bonga gas to domestic market

A spokesman for Shell Petroleum Development Company (SPDC), Mr. Bamidele Odugbesan has blamed the non-diversion of natural gas from the deep-water Bonga oilfield to...

Rare Nigerian Agbami crude cargo set to sail for Australia

Nigeria's crude got a boost from buyer's renewed interest and benchmark prices that were firming for a seventh straight day, Reuters reports. Buying interest firmed...

Oando receives first drone operator certificate from NCAA

Oando Plc has become the first organisation in Nigerian to be issued the Remotely Piloted Aircraft/Drones (RPAS) Operators Certificate (ROC), Independent reports. The certificate was...

Nigerian export destinations threatened by increasing US oil exports

The United States’ monthly crude oil exports have hit the one million barrels per day mark, further penetrating some of Nigeria’s major export destinations,...

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