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SHELL DECLARES FORCE MAJEURE ON BONNY LIGHT CRUDE EXPORTS AFTER PIPELINE CLOSURE
Royal Dutch Shell has declared force majeure on exports of Nigerias Bonny Light crude following the shutdown of Nembe Creek…
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FG TO HAND OVER GAS FLARE SITES TO INVESTORS BY 2020
The FG of Nigeria hopes to conclude the distribution of about 178 flare sites to Investors to capture and commercialise…
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FG TO RELEASE NEW GAS PRICING TEMPLATE BY MAY 29TH 2019
The Federal Government of Nigeria has announced its intention to release a new gas pricing template before May 29, 2019…
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132 FIRMS BID FOR NNPC OIL SWAP CONTRACTS
The Nigerian National Petroleum Corporation (NNPC) recently opened the 2019 Direct Sale of Crude Oil and Direct Purchase (DSDP) bid…
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FG OFFERS 43 LICENCES FOR LARGE MODULAR REFINERIES
The Federal Government of Nigeria (FG) has licensed 43 refineries including large scale and modular refineries to refine petroleum across…
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SENATE PASSES POWER SECTOR REFORM ACT AMENDMENT BILL
The Nigerian Senate has passed the Electric Power Sector Reform Act (Amendment) Bill, 2019. This is following the consideration of…
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NIGERIAN NATIONAL PETROLEUM CORPORATION REDUCES CONTRACTING CYCLE TO 9 MONTHS
In a bid to allow free flow of investments to the oil and gas industry, the Nigerian National Petroleum Corporation…
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FEDERAL GOVERNMENT OF NIGERIA SETS PRICE OF FLARED GAS FOR NGFCP INVESTORS
The Federal Government has disclosed that third-party investors in the Nigeria Gas Flare Commercialization Programme (NGFCP) would be given every…
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GACN ISSUES GAS PURCHASE ORDER TO AXXELA AND NGMC JOINT MINI LNG PROJECT
The Nigerian Gas Marketing Company has been issued a Gas Purchase Order (GPO) by the Gas Aggregation Company of Nigeria…
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MALABU OILFIELD LICENCE, NINE OTHERS SET TO EXPIRE IN 2020, 2021.
According to the data obtained from the Department of Petroleum Resources, ten oil block licences, including Oil Prospecting Licence (OPL)…