PPPRA blames fuel scarcity on non-payment of marketers

The executive secretary of the Petroleum Products Pricing and Regulatory Agency (PPPRA),  Mr Ahmed Faruk, yesterday admitted that the non-payment to marketers is partly...

‘OK LNG requires new investors’

The Olokola Liquefied Natural Gas (OKLNG) project may soon hit the brick wall, if urgent level of investment profile is not acquired to revive...

Total buoys domestic gas utilization with NOPL pipeline project

The domestic gas utilisation agenda of the federal government have received a boost, as Total Exploration and Production Company has embarked on construction of...

FG moves to privatise refineries

The Federal Government appears set to privatise the nation’s four refineries in Port-Hacourt, Warri and Kaduna. Mr. Ben Dikki, the Director-General of the Bureau of ...

With 1300MW electricity shortfall, FG restructures task team on gas-to-power

The federal government yesterday followed up its decision to set aside $1 billion for the implementation of a comprehensive programme to curb crude oil...

NLNG to remit N220bn into Federation Account

The management of the Nigeria LNG Limited, NLNG, said it will soon remit over N220billion from the 2013 company income tax to the Federation...

Addax extends FPSO Sendje Berge contract

BW Offshore has signed an interim agreement for a six year extension for FPSO Sendje Berge with Addax Petroleum Exploration Ltd, an affiliate of...

Shell Nigeria declares force majeure on Forcados oil exports

Royal Dutch Shell said on Tuesday it had declared force majeure on exports of the Forcados oil grade due to a pipeline leak caused by...

Slow Asian crude oil output growth opens way for Nigeria, others

Oil producers from Africa to the Americas have a growing opportunity to supply crude to the Asia-Pacific, as the region’s output stagnates and massive...

PPMC targets 500,000mt of cooking gas in 2014

The Managing Director of Pipelines Products and Marketing Company (PPMC), Mr. Haruna Momoh, said the subsidiary of the Nigerian National Petroleum Corporation (NNPC) is...

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