Offers for Nigerian crude grades increase but spot trade still tepid

Offers for Nigerian crude grades increase but spot trade still tepid

Offers for Nigerian cargoes edged higher on Wednesday, although traders said the recent burst of buying activity appeared to have fizzled out ahead of...

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Addax Technical Director highlights Nigeria’s gas sector’s potential

Addax Technical Director highlights Nigeria’s gas sector’s potential

Chikezie Nwosu, the director technical at Addax Petroleum, talks to TOGY about project costs in the lower oil price environment, the outlook for Nigeria’s...

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IPMAN feud stalls $3b investment in refineries project

IPMAN feud stalls $3b investment in refineries project

Investors are shying away from the proposed $3billion refineries project of the Independent Petroleum Marketers Association of Nigeria (IPMAN) over leadership crises in the...

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NSCDC foils vandals’ plan to breach Warri-Kaduna oil pipeline

NSCDC foils vandals’ plan to breach Warri-Kaduna oil pipeline

Operatives of the Nigerian Security and Civil Defence Corps (NSCDC) have foiled a plan to break Warri-Kaduna crude oil pipeline. The Kaduna State Command of...

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US legal threat prompts OPEC to change policy on oil prices

US legal threat prompts OPEC to change policy on oil prices

The Organisation of Petroleum Exporting Countries has urged its member nations, not to mention oil prices when discussing policy in a break from the...

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Senate begins probe of NNPC over $3.8b fuel subsidy fund

Senate begins probe of NNPC over $3.8b fuel subsidy fund

The Senate on Tuesday began investigation into the alleged mismanagement of the over $3.8 billion fuel subsidy fund by the Nigeria National Petroleum Corporation....

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NNPC refutes existence of $3.5bn subsidy fund, says $1bn kept in CBN

NNPC refutes existence of $3.5bn subsidy fund, says $1bn kept in CBN

The Nigerian National Petroleum Corporation (NNPC) has denied the insinuations that it has in its custody a $3.5billion subsidy fund. NNPC’s spokesman Mr. Ndu...

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FG demands in-country work with Nigerian firms on NLNG’s Train 7 project

FG demands in-country work with Nigerian firms on NLNG’s Train 7 project

The engineering, procurement and construction of the planned $4.3bn Nigeria LNG Limited Train 7 plant will be done in-country by mostly indigenous companies, the...

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Nigeria could become world’s 3rd largest gas exporter soon – IGU

Nigeria could become world’s 3rd largest gas exporter soon – IGU

Nigeria has huge gas potential and could become the third largest liquefied natural gas (LNG) exporter in the world with the coming on board...

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