‘We didn’t convert NNPC’s products – MRS

Going by recent indications, MRS Limited has absolved itself from allegations that it expropriated petroleum products belonging to the Nigerian National Petroleum Corporation (NNPC). NNPC’s Group General Manager, Group Public…

 
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Ex-NNPC GMD rebuffs EFCC over $9.7m donors’ list

Detained former Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Andrew Yakubu has allegedly refused to tell the Economic  and Financial Crimes Commission (EFCC)  those he claimed gave …

 
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Nigeria Banks on NLNG Expansion For More Revenue

Reuters are reporting that Nigeria Liquefied Natural Gas Company (NLNG) could unlock three times as much gas as the country’s proven reserves and create hundreds of thousands of jobs if…

 
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NLNG Targets 10 Percent of Global Gas Sales

Nigeria is set to capture at least 10 per cent of the global market share of Liquefied Natural Gas, LNG, as part of the concerted efforts to harness the nation’s…

 
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EFCC Tells Court Why Ex-NNPC GMD’s $9.7m will Not Be Released

The Economic and Financial Crimes Commission (EFCC) has told a Federal High Court in Abuja, that a former Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mr. Andrew…

 
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Nigeria’s Gas Sector Loss $25 Billion FDI Says MD, NLNG

While speaking at the 2017 Nigeria Oil and Gas Strategic Conference and International Exhibition in Abuja, the Managing Director of NLNG, Tony Attah, has put the immediate loss of foreign…

 
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Nigeria Trade Quiet as Market Focuses on Oil Tenders

Various Nigerian grades were on offer but demand was lacklustre, traders said, with the market mainly focusing on a last minute tender from India’s IOC that was not awarded and…

 
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Shell Nigeria Urges Policy Consistency

The head of Shell’s Nigerian production business used a February 22 speech at the West African International Petroleum Exhibition and Conference (Waipec) to call for greater consistency in government policies….

 
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Nigeria Power Crisis: Nigeria Produces More Gas, But Less for Its Own Needs

Nigeria grappled with a decline in gas supplies to power plants, despite an overall increase in gas production in the months up to November 2016. Gas production rose steadily during…

 
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Nigeria Takes Bids for Oil-for-Fuel Swaps of Up to 800,000 bpd in 2017

Nigeria’s state oil company received 128 bids from companies that want to exchange processed fuels for as much as 800,000 barrels a day of unrefined crude in 2017, it said…

 
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