Top Stories

by Jenifer Dike……. Nigeria Liquefied Natural Gas (NLNG) and Angola’s LNG project are offering three cargoes of LNG in the international market in the midst of Price Fall. While NLNG is offering two cargoes next month, Angola is offering one in June. The average LNG price for June delivery into northeast Asia LNG-AS is estimated at around $1.95 per million ...

by Musa Ibrahim……. The Managing Director, Nigerian Port Authority (NPA) Hadiza Bala Usman has commended, the management of APM Terminals for the new $80 million about N33.6 billion investment. She said it the Federal government enabling environment that has continued to encourage new investment in the maritime sector even in the midst of the current global economic crisis occasioned by ...

by Ben Ndubuwa….. The Nigeria Liquified Natural Gas Limited (NLNG) has call on Nigerians to be resilience and determined to win the fight against the coronavirus pandemic. According to NLNG, everyone as a matter of neccesity should adhere to rules prescribed by medical experts which include social distancing, regular washing of hands among others. NLNG emphasised that it has always ...

by James Ikenna The ongoing efforts by the Nigerian National Petroleum Corporation (NNPC)-led Oil and Gas Sector coalition against COVID-19 was bolstered Thursday in Lagos with the handing over of six ambulances and medical consumables to the South West states. The donation which was presented by the Hon. Minister of State for Petroleum Resources, Chief Timipre Sylva, on behalf of ...

by Harrison Madu he Managing Director of Shell Petroleum Development Company of Nigeria Limited (SPDC), Mr. Osagie Okunbor has said there is the need to balance the economic realities of the time with the challenges of the coronavirus pandemic. He said this during the inaugural meeting of the Edo State COVID-19 Fundraising Committee held virtually, to mobilise resources to buffer ...

by Abisoye Shola The move by ExxonMobil to kick off the building of a multi-million dollars petrochemical plant in post coronavirus China has raised hopes that countries with the right enabling environment after this global pandemic will experience fast economic recovery. The $10 billion petrochemical plant were some of the planned foreign investment pre-coronavirus in china. Accordingly China has also ...

by Jenifer Dike The United States SEC has drop charges against Eni over it’s involvement in the Nigerian controversial Malabu oil deal and that of the Congo. U.S SEC said it has closed its investigation into Eni ENI.MI over the Italian oil major’s activity in Nigeria and the Congo without recommending further action. “Based on the information currently available to the SEC, it ...

by Ben Ndubuwa The Nigeria National Petroleum Corporation (NNPC) has posted crude oil and gas export sale of $434.85 million in the month of January this year an increase of 94.30 percent compared with that of December last year. The statement by the corporation’s Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru, said the month’s crude oil export ...

An electricity company, Evanpower Engineering Company has said that they cannot put in place their new technology that can enhance the revenue for electricity distribution companies (DISCOS) and slash the electricity bills (tariff) for consumers because of the debt of N753 million. The company, which gained endorsement of the National Electricity Regulatory Commission (NERC), three years ago for the project, ...

Oil prices went down in the international market early this week as demand for energy collapses amid the coronavirus pandemic and traders are concern that the glut may result to shortage of storage facilities and do not want to get stuck owning crude with nowhere to store it. Tanks could hit their limits within three weeks, according to Chris Midgley, ...