NNPC targets $5bn cash-for-crude prepayments with oil traders

Nigeria’s state oil firm, NNPC is looking to set up a $3.5-$5 billion cash-for-crude prepayment with some of the world’s top commodity traders to...

NLNG says FID on NLNG Train 7 Plus imminent

Nigeria LNG Limited, today at the World LNG Summit holding in Portugal, announced that the company, with the full support of its Board, is...

Dangote’s gas project faces risks from unstable power sector, others

Dangote Industries’ proposed 1,100km deepsea pipeline from the Niger Delta to Lagos, Nigeria’s commercial nerve centre, is the most commercially uncertain of the projects...

Hungary looks to purchase Nigerian crude, LNG

At a time that international crude oil market is getting more competitive, the Hungarian Government has indicated interest to purchase crude oil and Liquefied...

Some Nigerian January crude programmes still missing

Nigerian crude cargo movements remained muted and a few small January programmes were still missing, Reuters reports. Unipec sold its January-loading cargo of Nigerian Antan...

Nigeria’s continued importation of dirty fuel raises health risks, costs

Millions of Nigerians risk health and economic consequences following the Federal Government’s failure to meet the deadline on importation of high sulphur (dirty) fuels,...

Japan’s LNG imports from Nigeria, Qatar drop

Data released by Japan's Ministry of Finance showed on Wednesday that Japan's LNG imports slipped 2.3% year on year to 6.1 million mt in...

Nigeria needs proper fiscal, legal and commercial frameworks for gas sector – Thomas

Engineer Dada Thomas, President of Nigerian Gas Association and Managing Director of Frontier Oil, in an interview with Independent, has said that the gas...

Crude spot trading quiet as Shell wins Agbami tender from Famfa

Crude trading was muted as pending tenders hindered fresh spot trading, just as the overall market was also subdued in advance of the OPEC...

Major gas exporting countries flay unilateral sanctions in dig at U.S.

Representatives from a group of major energy-exporting nations on Friday said they oppose the use of unilateral sanctions on any of their members -...

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