Nigeria’s energy sector is about to receive a major boost from huge investment decisions from China, which is eyeing key exploration operations in the oil and gas sector in Africa. According to a Modern Diplomacy report, China has a whopping $15 billion worth of investments planned in Africa’s oil sector. This massive price tag is…

The Managing Director of the Nigeria Liquefied Natural Gas (NLNG) Limited, Mr. Tony Attah, has said the declaration of 2020 as the ‘Year of Gas’ by the federal government was not sufficient to bring about the required transformation in the country through gas utilisation. He rather suggested that a decade should be dedicated to utilisation…

A new deal struck between Shell and Ardova Plc, will soon see Shell lubricants products widely available in the Nigerian market later this year. Announcing the deal in a statement in Lagos, Chief Executive Officer of Ardova Plc, Olumide Adeosun, said: “We are delighted that our company will act as the main distributor for Shell…

SEPLAT Group has partnered with the Nigerian National Petroleum Corporation to site a multi-billion-naira gas plant at Asaa, Ohaji-Egbema Local Government Area of Imo State. Imo State governor, Senator Hope Uzodinma, disclosed this on Twitter on Friday. He said he had assured residents of the community that his administration would stand as a referee to…

The total revenue generated by two of the major oil marketing companies in the country from the sale of aviation fuel plunged by 58.2 per cent in the first nine months of the year, compared with the same period of 2019. The nation’s airports were closed on March 23 to stem the spread of the…

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 repaid the Prepayment Facility, as announced on 2 July 2020, it entered into with Shell…

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. The suit filed in the English courts in 2017 relates to the purchase of the offshore…

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 Federal Government’s plan to deepen LPG (cooking gas) penetration in Nigeria. Mr Tony Attah, Managing…

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 point, a new report showed yesterday. The PricewaterhouseCoopers’ (PwC) Africa Oil & Gas Review 2020,…