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Cooking Gas Price Soars After NLNG Supply Cut

A bout five days after Nigeria LNG Limited (NLNG) declared a force majeure or a major halt in gas production, consumers are lamenting a fresh hike in cooking gas prices in Abuja and its environs. Mrs Onyeka Odoh, a resident of…

NNPC, SPDC Face Court Action over Secret Oil Pipeline

Oil Spill Victims Initiative (OSPIVV) has threatened to sue the Nigeria National Petroleum Company Limited (NNPCL) and Shell Petroleum Development Company (SPDC) over the discovery of a four-kilometre pipeline being used to siphon crude oil to rogue vessels on a platform on…

We’ve Lost Our Most-Valued Crude Oil Customers – FG

Nigeria has lost its most valued crude oil customers, while some of its gas buyers now compete with the country in the same market, the Federal Government declared on Thursday. It also stated that international oil companies were massively shifting focus to alternative…

We Have Enough Petrol on Ground – IPMAN

The Independent Petroleum Marketers Association of Nigeria (IPMAN), on Thursday said the Nigerian National Petroleum Company Limited (NNPC)/Pipelines and Product Marketing Company (PPMC) have enough petrol on ground. IPMAN said there are over 20 vessels of ships fully loaded with petrol on ground…

NLNG Declares Force Majure Over Flooding

The Nigeria Liquefied and Natural Gas company has declared force majeure because of widespread flooding that has disrupted supply, a spokesman for the company said on Monday. Force majeure is a common clause in contracts which essentially frees both parties from liability or…
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