Akwa Ibom receives Oil & Gas Free Zone licence
The Government of Akwa Ibom State has received official gazette from the federal government, signaling the approval for 50,000 hectares…
Nigeria’s natural gas base price inches up in new PIB
The domestic base price, the price at which Nigerian gas producers are to sell to Power Plants, will be $3.2…
REA accuses NERC of withholding statutory remittances
THE House of Representatives Committee on Power has heard that the Nigerian Electricity Supply Regulatory Commission (NERC) refused to release…
Nigeria’s September oil production fell by 1.74m barrels – OPEC
Crude oil production in Nigeria dropped by 1.74 million barrels in September, figures from the just released oil market report…
NIPCO set to build more infrastructure for auto gas conversion
The Nigerian Independent Petroleum Company, (NIPCO), said it is providing a plethora of infrastructure to facilitate use of gas as…
FG to raise local content in oil and gas sector to 40%
The Minister of State Petroleum Resources, Timipre Sylva, says Nigeria will raise local content in the oil and gas sector…
Nigeria lagging behind in global energy transition race – Experts
Petroleum experts have raised the alarm about Nigeria’s current heavy dependence on fast-depreciating crude oil receipts at a time forward-looking…
Shell to power gas to factory industrialisation in Aba
There is a silver linen in the sky for industrialists in Nigeria’s commercial city of Aba as Shell Nigeria Gas…
ANOH gas project to produce 600MSCFD equivalent of 2.4GW of electricity
As part of concerted efforts to ramp up gas-to-industries and gas-to-power in the country, the Nigerian National Petroleum Corporation (NNPC)…
Oil price slips as new lockdown measures threaten demand recovery
Oil prices fell on Thursday as new restrictions to stem a surge in COVID-19 infections have increased uncertainty over the…