The Nigerian Liquefied Natural Gas (NLNG) Limited yesterday confirmed its sustenance of 40per cent of Liquefied Petroleum Gas (LPG) also known as domestic gas supply to the country’s market. The firm made the confirmation in Abuja as the NLNG Shipping and Marine Services Limited (NSM) signed a technical vessel management agreement
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Dangote Petroleum Refinery has again announced a further reduction in the prices of both diesel and aviation fuel to N940, N980 per litre respectively. This is coming at the wake of its widely celebrated price reduction to N1,000 barely two weeks ago. The Manufacturing Association of Nigeria (MAN) has subsequently hailed the
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The insufficient number of Compressed Natural Gas filling stations is threatening the adoption of CNG-powered vehicles. This report examines the challenges facing the Federal Government’s initiative to promote the use of CNG for vehicles in the country President Bola Tinubu approved the establishment of the Presidential Compressed Natural Gas initiative last
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The Senate Committee on Local Content has resolved to collaborate and deepen the implementation of local content in the oil and gas industry and linkage sectors with the Nigerian Content Development and Monitoring Board (NCDMB). Speaking during the inaugural meeting of both bodies, Chairman of the Committee, Senator Natasha Akpoti-Uduaghan, assured
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The Nigerian Content Development and Monitoring Board (NCDMB) has restated its commitment to accelerated approvals of requests and documents submitted to it by operating oil and gas companies. The goal, a statement from the board said, is to ensure speedy development of oil and gas projects and contribute to increased oil
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The Nigerian National Petroleum Company Limited has held talks with a South Korean consortium led by Daewoo E & C on the development of gas projects in Nigeria. NNPCL said in a statement issued in Abuja on Tuesday that the discussions which held in Seoul, South Korea, were aimed at deepening
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As the Port Harcourt oil Refinery comes to life, the Nigerian National Petroleum Company Limited has concluded plans to hand over the government refinery to private operators. The NNPCL said it is seeking to engage reputable and credible operations and maintenance companies to operate and maintain the Port Harcourt Refining Company. This,
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Dangote Petroleum Refinery, with 650,000 barrels per day, has commenced the production of refined petroleum products. The refinery received the fifth crude oil shipment of one million barrels of Bonny Light supplied by the Nigerian National Petroleum Corporation Limited last week. The 650,000 barrels per day oil processing facility started operations in
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The President of the Nigerian Economic Society (NES), Prof. Adeola Adenikinju, has urged President Bola Tinubu to address crises plaguing the oil industry and privatize the nation’s refineries in order to optimize the benefits inherent in the sector. The don also called on the Tinubu government to give the nation’s refineries
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Daily oil production by the Organization of Petroleum Exporting Countries (OPEC) would slip below 27 million barrels per day (bpd) by 2024. The gap less than 27 per cent of the total global supply of 102 million bpd following Angola’s exit from the group. The last time OPEC saw its market share
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