First E&P in talks with Yinson over FPSO for OMLs 83 & 85

First E&P in talks with Yinson over FPSO for OMLs 83 & 85

Yinson said on Thursday it had entered into a Heads of Terms with its indirect subsidiary Yinson Operations & Production West Africa and the...

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Dangote to boost Nigeria’s power generation by 12,000mw once deep-sea gas pipeline comes onstream

Dangote to boost Nigeria’s power generation by 12,000mw once deep-sea gas pipeline comes onstream

Dangote Group's sub-sea pipeline infrastructure is expected to augment the natural domestic gas supply and add an estimated 12,000 Mega Watts to Nigeria's power...

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Techno Oil set to unveil LPG cylinder manufacturing plant

Techno Oil set to unveil LPG cylinder manufacturing plant

A 15-member Federal Government Inter-ministerial Team on Wednesday inspected a landmark LPG cylinder manufacturing plant built by Techno Oil Ltd. in Lagos, ahead of...

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Nigeria spent N190b on petrol subsidy over 12 months

Nigeria spent N190b on petrol subsidy over 12 months

With continued plummeting of crude oil prices, Nigeria now records a monthly average of N15.859 billion as under-recovery on importation of petrol or Premium...

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Nigeria’s oil, energy product imports at N861.67bn in Q1 2018

Nigeria’s oil, energy product imports at N861.67bn in Q1 2018

Nigeria’s oil, gas, solid minerals and energy sectors recorded over N861.67 billion worth of products importation during the first quarter of 2018, according to...

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Trump attacks OPEC again, ahead of production meeting

Trump attacks OPEC again, ahead of production meeting

President Donald Trump blasted OPEC again for a spike in oil prices that threatens to slow America's cruising economy and anger voters before the...

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Osinbajo urges African countries to collaborate on oil, gas infrastructure

Osinbajo urges African countries to collaborate on oil, gas infrastructure

Vice President, Prof. Yemi Osinbajo has urged African countries to collaborate in efforts to develop infrastructure in the oil and gas sector for the...

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LNG trade grows 10% in 2017 as U.S., Australia, Nigeria, others boost exports

LNG trade grows 10% in 2017 as U.S., Australia, Nigeria, others boost exports

Global liquefied natural gas (LNG) trade grew by 10 percent last year due primarily to growing liquefaction capacity in Australia and the United States,...

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NNPC raises kerosene price 3 times in two months

NNPC raises kerosene price 3 times in two months

The Nigerian National Petroleum Corporation has increased the price of kerosene three times between May and so far this month, raising the cost of...

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