OIL & GAS

Nigeria targets 16.2mn tonnes of LNG exports Nigeria is aiming to export 16.2 million tonnes of Liquefied Natural Gas in 2023, a report by the Independent Commodity Intelligence Services has said. According to ICIS, Nigeria’s LNG exports depreciated in 2022, falling 15 per cent…

Shell Petroleum Development Company has confirmed fresh oil spill at Ebubu, in the Eleme Local Government Area of Rivers State. The spokesman for Shell, Michael Adande, made the confirmation in a statement issued in Port Harcourt on Saturday night. Adande said the incident occurred…

About 1.3 billion litres of petrol has been imported into the country, The PUNCH has learnt. This was revealed to Saturday PUNCH by the General Coordinator, South-West, Nigerian Midstream and Downstream Petroleum Regulatory Authority, Ayo Kadoso, on the sideline of a visit by the Federal Government’s task…

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says it will sanction fuel stations that reject the use of Point of Sale (POS) machines or bank transfers at their outlets. This is contained in a statement by Mr Kimchi Apollo, General Manager,…

The Independent Petroleum Marketers Association of Nigeria (IPMAN) said it has called off the suspension notice earlier sent to its members following amicable resolution of the issues of contention. The association, had earlier on Monday sent out a notice to its members, directing…

The Independent Petroleum Marketers Association of Nigeria has appealed to the Federal Government for more time to sell Premium Motor Spirits at the official price of N195 per litre. The  Vice Chairman of IPMAN, Western Zone, Joseph Akanni, made the request on Monday…

Independent marketers of Premium Motor Spirit, popularly called petrol, are getting set to shut down operations beginning from Monday once the government starts the enforcement of N195/litre pump price. It was gathered on Saturday that the Nigerian National Petroleum Company Limited, Major Oil…

In a veiled response to the presidential candidate of the All Progressives Congress (APC), Bola Tinubu, the Nigerian National Petroleum Company Limited (NNPC) yesterday said it stands to benefit nothing by wanting to create artificial fuel scarcity to influence the oncoming general…

The Nigerian National Petroleum Company Limited has struck a $741 million deal with Daewoo Engineering and Construction Company to rehabilitate an oil refinery in Kaduna State. According to Bloomberg, NNPCL signed the maintenance service contract with the South Korean engineering firm at a…

The Nigerian National Petroleum Company (NNPC) Limited has taken over the assets of Addax Petroleum’s production sharing contract (PSC). NNPC Group Chief Executive Officer (GCEO), Mele Kyari and the outgoing Managing Director of Addax,  Yonghong Chen signed the closing documents on behalf of…