Despite the huge global crash in prices, Nigeria’s earnings from oil and gas in the first half of 2020, is N2.41 trillion just 8.7 per cent below the N2.63 trillion recorded in the corresponding period of 2019. This brings the country’s total earnings from this mainstay of revenue in the past five years (2015-2019) to…

The domestic base price, the price at which Nigerian gas producers are to sell to Power Plants, will be $3.2 per Million British Thermal Units (MMBtu), beginning from January 1, 2021, if the Petroleum Industry Bill (PIB) is passed into law in its current form. But the price at which the gas-based industry, comprising companies…

The Group Managing Director of Nigeria National Petroleum Corporation (NNPC), Mele Kyari has lauded Waltersmith Petroman Oil Limited for completing its 5,000 barrels per day (bpd) Modular Refinery projected located in Ibigwe, Imo State. The NNPC GMD who was represented by Yusuf Usman, Chief Operating Officer, Gas & Power, during a pre-commissioning visit to the…

The Lagos State Government has said it would seal off all illegal gas and petrol filling stations in densely populated residential areas across the state, to demonstrate its zero tolerance for such acts. A statement by Mr Mukaila Sanusi, spokesman, Ministry of Physical Planning and Urban Development on Thursday said that the Commissioner in the…

Clarke Energy, a leading energy solution provider, says gas projects such as the Ajaokuta–Kaduna–Kano (AKK) pipeline, is spurring interest in expanding industries in the northern part of Nigeria. Yiannis Tsantilas, the company’s managing director, said some companies are developing new plants or expanding older ones to take advantage of gas infrastructure projects expected to be…

At least 339 crude oil trading companies applied for the sale and purchase of Nigerian crude oil grades contracts spanning 2020 to 2022 by the close of the bidding process at noon yesterday. Last month, the Nigerian National Petroleum Corporation (NNPC), invited “interested and credible companies” to participate in the open tender. It described credible…

The Nigerian Content Development and Monitoring Board (NCDMB) has commended Total Exploration and Production Nigeria (TEPNG) and Pipe Coaters Nigeria (PCN) Limited for the local content strides being recorded on the Total Ikike Line Pipe Coating Project, which is ongoing at PCN facility in Onne Free Trade Zone, River State. The Executive Secretary of NCDMB,…

Total Exploration and Production Nigeria has issued a tender for onshore land rig services at OML 58. The land rig will be used to drill seven infill development wells, carrying out deviated and workover operations. Work should begin in the first quarter of 2022. In particular, the rig will drill three Ibewa infill wells, the…

Due to the failure of the Federal Government to respond to its demand to put on hold the 2020 marginal field bid round pending the determination of some contentious issues, Ijaw Elders Forum has issued a notice of intention to go to court to challenge the bidding process and seek appropriate redress. The group also…