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Despite Cap Agreement Exemption, Nigeria Still Under OPEC Pressure

After voluntarily agreeing to participate in the decision of OPEC and its non-members to cap oil production levels to stabilise price, Nigeria reaffirms commitment to the agreement in the face of fresh pressure. Chineme Okafor writes After a December 2016...

September 17, 2017

Green Post

Total E&P not involved in 750 trucks gas supply

Total Exploration and Production Nigeria Limited has denied links in the management or having a role to play in the 750 gas trucks released to distribute products. The company through its image handlers, indicated that Total is not part of...

September 15, 2017

Green Post

NNPC remits $285m to Federation Account in 6 months

The Nigerian National Petroleum Corporation (NNPC), remitted $284.724 million to the Federation Account between January and June 2017 from its crude oil and gas export proceeds, Vanguard reports. According to its Monthly Financial and Operations Report for June 2017, the NNPC recorded...

September 15, 2017

Green Post

Nigeria lost 700,000bpd of oil to pipeline vandalism in 2016 – NNPC MD

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has said that an average of 700,000bpd of crude oil was deferred in 2016 due to pipeline sabotage, saying this brought Nigeria’s production down to as...

September 15, 2017

Green Post

Nigeria: Oil Price Hits $54.25 P/B As Opec Predicts High Demand, Market Stability

The price of crude oil has stabilised at $54.25 as the Organisation of Petroleum Exporting Countries, OPEC, predicted increased stability of the market, yesterday. The price, which was also over $54 per barrel the previous day was said to have...

September 13, 2017

Green Post

Nigeria requires $16.5bn to achieve 40bn barrels oil reserves target

To achieve the set target of 40 billion barrels crude oil reserves by 2020, the hydrocarbon industry will require between $13 and $16.5billion over the next five years, the Chief Operating Officer, Gas and Power, Nigerian National Petroleum Corporation (NNPC),...

September 13, 2017

Green Post

Nigeria: NNPC Crashes Petrol, Cooking Gas Prices Nationwide

The Nigerian National Petroleum Corporation (NNPC) has said sustained strategic intervention in the efficient supply and distribution of petroleum products has led to significant fall in the prices of petrol, and liquefied petroleum gas (LPG), also known as cooking gas,...

September 4, 2017

Green Post

Total, Greenville, Partner NNPC To Invest In Gas

Mr Eddy van den Broeke, Chairman of Greenville, an oil and gas company, on Tuesday in Abuja disclosed that his company would invest $500 million in the nation’s gas sector. He said the investment would be in collaboration with NNPC/Total...

August 30, 2017

Green Post

Nigeria loses N96bn to gas flaring in five months

Oil and gas companies operating in the country flared a total of 108.91 billion standard cubic feet of natural gas in the first five months of the year, causing the country an estimated loss of N95.8bn. The latest data obtained...

August 28, 2017

Green Post

Portugal Books NLNG Cargo For August 26th

REN-operated Sines LNG import terminal in Portugal is to receive a new cargo of the chilled fuel from Nigeria, LNG World News reports. The cargo will be delivered from Nigeria LNG’s Bonny Island liquefaction plant onboard liquefied natural gas carrier LNG Benue...

August 24, 2017

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Despite Cap Agreement Exemption, Nigeria Still Under OPEC Pressure

Total E&P not involved in 750 trucks gas supply

NNPC remits $285m to Federation Account in 6 months

Nigeria lost 700,000bpd of oil to pipeline vandalism in 2016 – NNPC MD

Nigeria: Oil Price Hits $54.25 P/B As Opec Predicts High Demand, Market Stability

Nigeria requires $16.5bn to achieve 40bn barrels oil reserves target

Nigeria: NNPC Crashes Petrol, Cooking Gas Prices Nationwide

Total, Greenville, Partner NNPC To Invest In Gas

Nigeria loses N96bn to gas flaring in five months

Portugal Books NLNG Cargo For August 26th

Unlocking Nigeria’s Gas Goldmine: A New Era for Energy and Investment

Tetracore Energy Expands CNG Plant Delivery Capacity To 6.2 Million Standard Cubic Of Gas

Indigenous Oil Companies Overtakes Int’l Oil Firms In Gas Production In July

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