COVID-19 lockdown destroys 30% global oil demand
*As OPEC warns of leaner demand ahead
Thirty per cent of world’s oil demand has been affected by the lockdown from the COVID-19 pandemic, it was learnt.
Secretary-General, Organisation for the Petroleum Exporting Countries, OPEC,!-->!-->!-->!-->!-->…
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Nigeria: NNPC’s privatisation should mimic Saudi’s Aramco
By Kurt Davis Jr., banker
Can Nigeria’s President employ the strategy of Saudi Arabia's Crown Prince in privatising a state oil corporation?
The goal to privatise the Nigerian National Petroleum Company (NNPC) – a state oil!-->!-->!-->!-->!-->…
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Nigeria: Gas-Powered Vehicles Will Create Millions of Jobs Annually – Experts
Stakeholders in the nation's automobile industry have commended the federal government for its position on Autogas Policy, saying it is a right step in the right direction.
The federal government had last month ordered chief executive!-->!-->!-->…
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Nigeria: New Petroleum Reform Bill to Tackle Oil Pollution in Niger Delta
The 2020 Petroleum Industry Bill (PIB) that is presently before members of the National Assembly will substantially reduce environmental pollution in the oil-producing areas of the Niger Delta when passed into law.
Aside a ban on the!-->!-->!-->…
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Why Nigeria’s Oil Company Is Considering An IPO
Africa’s oil and gas industry is facing a financial onslaught as a result of a combination of COVID-19, activist shareholders and the so-called Greening of IOCs such as Shell, Total and BP.
While the oil majors all seem to be preparing!-->!-->!-->…
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Downstream Sector Deregulation Will Boost Investment in Refining – Kyari
…Calls for Collaboration among Downstream Players across Africa
The deregulation of the downstream sector of the oil and gas industry in Nigeria will increase investment in the refining business and facilitate exponential growth in the!-->!-->!-->…
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Nigeria aims to revamp refineries, end oil-for-fuel swaps
Nigeria aims to end the country’s so-called oil-for-fuel swaps system in the near future and rely instead on oil products from local refineries, which it hopes to have running again by 2023, the head of Nigeria’s national oil company NNPC!-->…
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NLNG boss says Nigeria’s core challenge in gas sector is execution
The Managing Director of the Nigerian Liquefied Natural Gas (NLNG), Mr. Tony Attah, has said Nigeria’s challenge in the gas sector has never been the shortage of good guidelines and policies, but the will power to execute them.
Attah!-->!-->!-->…
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Shell awards Bayelsa gas pipeline contract to indigenous firm
Shell Nigeria Gas (SNG) said it would continue to optimise its onshore footprint while investing in gas development in Nigeria. This came as the company commissioned an indigenous contractor, Gredor Nigeria Limited, to begin the!-->…
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PIB defines functions of 3 new agencies to replace NNPC
The Petroleum Industry Bill (PIB) 2020, has listed the specific functions of the three agencies that will replace the Nigerian National Petroleum Corporation (NNPC), when passed by the National Assembly and assented to by President!-->…
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