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Buoyed up by the culture of Transparency, Accountability and Performance Excellence (TAPE) of the current NNPC management, no fewer than (96) prominent and reputable companies from various jurisdictions have indicated interest in…
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Sales remained slow and few cargoes traded with refining margins still squeezed. * Traders expected the Qua Iboe export terminal to resume production this week, though such expectations earlier this month proved overoptimistic and Exxon…
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…To Focus More on Gas, Condensats for Revenue Growth The Nigerian National Petroleum Corporation (NNPC) has reiterated its commitment to abide by the output cut agreement of the Organization of the Petroleum Exporting Countries (OPEC)…
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•Urges leaders to unite to tackle Nigeria's challenges President of the Senate, Dr Ahmad Lawan, yesterday committed the National Assembly to an expeditious passage of the long-delayed Petroleum Industry Bill (PIB). Lawan, at a…
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Noting that much of Africa’s gas supply growth will come from Nigeria, PwC, in its Africa Oil and Gas Review 2020, themed energising a new tomorrow, added that the positive outlook for natural gas, which is often termed the renewable…
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Oil prices held most of their gains at the start of trading in London. This is happening amid rising numbers of COVID-19 cases globally, which has weakened some traders’ resolve in betting bullish. However, expectations of a plunge in…
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Despite the armed insurgency that has been plaguing Mozambique since 2017, Total intends to continue its major gas project there. It trusts the authorities to ensure its safety, in return for a solid financial contribution. Since 2017,…
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Total Exploration and Production Nigeria Limited has said the deepwater royalties stipulated in the amended Deep Offshore and Inland Basin Production Sharing Contract Act (DOIBPSCA) 2019 and related provisions in the Finance Act 2020, has…
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As Nigeria prepares to turn its back on its dependence on petroleum products in order to increase its use of gas, the local company Enyo wants to take advantage of this change to position itself as the leader of the transition to gas. 20…
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To prevent the maturing of its crude fields from affecting its already deficit oil supply, Egypt has accelerated its oil and gas exploration campaigns in 2020, even in the midst of the coronavirus crisis. This has led to an increase in its…
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