Korea Gas scheduled to receive spot LNG at Incheon from Nigeria

Korea Gas Corp., the buyer of more liquefied natural gas than any other company, is set to receive a spot cargo from Nigeria today,...

PEF stopped N26bn illegal bridging claims in 2013 – Kasali

Executive Secretary of the Petroleum Equalisation Fund (Management) Board (PEF), Mrs. Sharon Kasali, Thursday disclosed that the agency was able to stop illegal payments...

Nigeria recorded 530,000bpd oil production shortfall in 2013 – Survey

Nigeria recorded a shortfall of over half a million barrels oil production daily in 2013, the country’s crude production statistics has revealed. This average shortfall...

Pipeline vandalism: IPMAN threatens to down tools in Kwara

The Independent Petroleum Marketers Association of Nigeria (IPMAN) on Thursday alerted members of the public of another round of hardship arising from petrol scarcity...

NNPC moves to complete gas pipeline repairs

Hope has risen for increased supply of gas to the nation’s power plants as engineers involved in the maintenance of western axis pipeline has...

Kirikiri tanker fire: Tank farms must remain in Apapa – Union

Mr Enoch Kanawa, Executive Secretary, Jetty Owners and Petroleum Tank Farm Owners Association of Nigeria, says it will be difficult to relocate tank farms...

OPEC outages cut its oil output to below 2014 demand

OPEC has lowered its oil output further and is pumping less than this year's global need for its crude, the exporter group said on...

Fresh directive stresses minister’s power in oil asset sale by firms

The minister of Petroleum Resources will henceforth have a say in all divestments of assets in the upstream sector of the nation’s oil and...

Metering policy in oil industry begins Feb 1

The full implementation of the accurate metering policy in the oil and gas sector by the Weights and Measures Department of the Ministry of...

Why FG shelved privatisation of refineries —Maku

The Federal Government suspended the proposed sale the nation’s four refineries in order to ensure the stability of the political environment, the Minister of...

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