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The Nigeria Liquefied Natural Gas (NLNG) Limited says it will increase its allocation of Liquefied Petroleum Gas (LPG) to the domestic market from 350, 000MT to 450, 000MT by 2021. The NLNG said the move was aimed at supporting the…
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Nigeria and four other oil producers on the continent could each be facing $20billion or more in lost export revenue this year as global oil demand is estimated never to exceed 2019 levels, with energy markets having reached a tipping…
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Talks between OPEC and its allies are zeroing in on a delay to next year’s planned oil-output increase of three to six months, according to several delegates. Saudi Arabia and Russia, leaders of the 23-nation coalition, have already…
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A lawsuit launched by the Nigerian government against U.S. bank JP Morgan Chase, claiming over $1.7 billion (1.29 billion pounds) for its role in a disputed 2011 oilfield deal, will proceed to trial, London’s high court ruled on Thursday. …
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LEKOIL (AIM: LEK), the oil and gas exploration and production company with a focus on Nigeria and Africa, announces that LEKOIL Oil and Gas Investments Limited (“LOGL”), in which the Company has a 90 per cent. economic interest, has fully…
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The Federal Government is optimistic that incorporating digitization ion oil production process is key to reducing the huge Unit Operating Cost (UOC) of producing crude oil in the country to $10 per barrel by December 2021. Technical…
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Energy management giant, Schneider Electric, has signed up a new distributor, Okelco Global Resources for its products in Port Harcourt, Rivers State. The distributor is expected to cater for the distribution of Schneider Electric's…
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The Nigerian National Petroleum Corporation (NNPC) has said it is aware of a document widely circulating in the media purporting an increase in the PPMC Ex-Coastal Price and Ex-Depot Price (with collection) to N130 and N155.17 respectively…
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The Nigeria Liquefied Petroleum Gas Association (NLPGA) is set to host its 10th International Annual LPG Conference, on Friday, December 4, 2020. This year’s edition, which will be the first to be hosted virtually, due to the prevailing…
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Plans are underway for a Forward Operating Base (FOB) to be established at Tarkwa Bay Island for credible presence to sustain gains recorded by military clearance operation, KUROMBE, an exercise carried out by joint taskforce, Operation…
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