Oil, Gas and Energy

Nigeria will be able to send more Liquefied Natural Gas to Europe by next winter, the Federal Government stated on Wednesday. Minister of State for Petroleum Resources, Chief Timipre Sylva, disclosed this at the Gastech conference in Milan, Reuters reported. This came as oil…

Many fillings stations were shut on Tuesday leading to lengthy queues by motorists for Premium Motor Spirit, popularly called petrol, at the few outlets that dispensed the commodity in Abuja and neighbouring states. Petrol scarcity resumed again in the Federal Capital Territory and…

The Organisation of Petroleum Exporting Countries (OPEC) yesterday approved 1.826 million barrels per day production quota for Nigeria for next month. In the period in view, the cartel is eyeing a total output of 43.3854mb/d. While 10 OPEC+ countries have the mandate to produce 26.689mb/d,…

In response to the alleged inflation of petrol imports and consumption in Nigeria, the Nigerian National Petroleum Company (NNPC) Limited has insisted that average petrol supply in the country stands at 68 million litres per day. The company also disclosed that the total…

Four oil companies – Chevron Nigeria Limited (CNL), Mobil Producing Nigeria (MPN), Shell Petroleum Development Company (SPDC) and First E&P are expected to remit N341.091 billion to the Nigerian National Petroleum Company Limited (NNPCL) this September, THISDAY has learnt. The proceeds, which are…

Residents and indigenes of Bodo community in Gokana Local Government Area of Rivers State have lamented the continuous crude oil spillages in their communities from alleged faulty facilities of Shell Petroleum Development Company (SPDC). This is according to THISDAY. THISDAY visit to the affected…

With total spending on the controversial petrol subsidy now exceeding oil revenue, the Nigerian National Petroleum Company (NNPCL) outstanding debt on what it terms under-recovery hit N1.044 trillion in July. Data from the National Oil Company (NOC) released late yesterday indicated that in…

Amid the Federal Government’s N250bn intervention funds on the National Gas Expansion Plan, which intends to deepen usage across the country, data from the Nigerian Bureau of Statistics said on a year-on-year basis, price of refilling a 12.5kg cylinder of Liquefied Petroleum…

The Nigeria National Petroleum Corporation Limited will have the first right of refusal to supply the Dangote refinery with about 300,000 barrels of crude oil per day for the next 20 years. The Group Chief Executive Officer, NNPC Ltd, Mele Kyari, disclosed this…

Shell Plc, ExxonMobil Corporation, Chevron Corporation, and Equinor ASA have said they will withdraw their lawsuits of about $3 billion, against the Nigerian National Petroleum Company (NNPC) Limited. According to court letters, dated August 22, seen by Bloomberg yesterday, the oil majors told…