News

Shareholders of the Nigerian Liquefied Natural Gas (NLNG) have signed the Engineering, Procurement and Construction (EPC) contract for the commencement of NLNG’s Train 7 construction with the SCD JV Consortium, comprising affiliates of…
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•Calls for non-oil export diversification economy The Managing Director of Nigerian Ports Authority (NPA), Ms Hadiza Usman, has disclosed that the Federal Government exported 78 per cent of crude oil cargo,  while the remaining 22 per…
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The Nigerian National Petroleum Corporation (NNPC) Tuesday in Abuja announced that the total revenue recorded from the sales of white products for the period February 2019 to February 2020 stood at about N2.6 trillion, with petrol…
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The Nigerian Content Development and Monitoring Board (NCDMB) has concluded arrangements to hold a session of Spotlight Webinar where oil and gas stakeholders are expected to share insights about opportunities in the industry. The…
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The Independent Petroleum Marketers Association of Nigeria (IPMAN), on Saturday decried the proposed merger of three agencies in the petroleum industry. The agencies are: Petroleum Technology Development Fund (PTDF), Petroleum Products…
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The Nigerian National Petroleum Corporation, NNPC, has said lack of production from the country’s four refineries is due to ongoing rehabilitation works on the facilities. The explanation came since the refineries had not refined a…
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Nigeria’s ambitious liquefied national gas project, the NLNG Train 7 has run into a new obstacle namely falling global demand. The $12 billion project, which has faced several years of delay is expected to complement the existing…
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A total of 253.09 Billion Cubic Feet (BCF) of natural gas was produced in January 2020 translating to an average daily production of 8164.23 Million Standard Cubic Feet per Day (mmscfd). The Nigerian National Petroleum Corporation…
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Total said Tuesday its quarterly profit fell by 99 percent because of dropping oil prices and announced it would slash investments in response to the ongoing turmoil in crude markets. The French oil major reported a net profit of $34…
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For a proper and effective transition to a non-subsidy regime, Petroleum Industry governance experts say the Federal Government of Nigeria must hasten the procedural steps in giving legal backing to the initiative while ensuring it hastens…
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