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Author: Lucy Morgan

As Seen On PUNCH: Scores go missing after Delta gas pipeline explosion

As Seen On PUNCH: Scores go missing after Delta gas pipeline explosion

There was pandemonium on Thursday as a heavy explosion gutted the Nigeria Gas Company pipeline crisscrossing Ugbokodo community near the Warri Refinery in Okpe Local Government Area of Delta State. The incident, which local community sources told our correspondent occurred at about 4am on Thursday, forced residents of the community to scamper for safety in… READ MORE

PDP raises query over missing 4,501 petroleum trucks

PDP raises query over missing 4,501 petroleum trucks

The Peoples Democratic Party (PDP) has called on security agencies to immediately probe the voluntary disclosure by the Managing Director of Nigeria National Petroleum Cooperation (NNPC), Dr. Mikanti Baru that 4,501 trucks of petroleum recently went missing. The PDP, in a statement signed by its Deputy National Publicity Secretary, Prince Diran Odeyemi, said that if… READ MORE

Ghost companies allegedly lift N1.1trn worth of crude oil

Ghost companies allegedly lift N1.1trn worth of crude oil

Some indigenous companies not registered by the Corporate Affairs Commission (CAC) have lifted Nigerian crude oil grades valued at U.S.$3.5 billion (about N1.1 trillion) in the last 10 months, Daily Trust reports. A four-month enquiry into Nigerian and global corporate registries by Daily Trust showed that the repeated failure by the Nigerian National Petroleum Corporation (NNPC) to… READ MORE

Reps give oil firms two weeks ultimatum to remit $250 million to Nigerian govt

Reps give oil firms two weeks ultimatum to remit $250 million to Nigerian govt

The House of Representatives Committee on Oil and Gas on Thursday gave 10 indigenous oil companies in the country two weeks to remit 250 million dollars oil royalty to federal government’s coffers. Jerigbe Agom, the chairman of the committee, gave the ultimatum at the ongoing sitting over unremitted funds in the industry. According to the… READ MORE

‘Nigeria LPG market needs discipline, maturity to attract investors’

‘Nigeria LPG market needs discipline, maturity to attract investors’

The Liquefied Petroleum Gas (LPG) market in Nigeria, which experts say is about a $10billion market waiting to be harnessed, is said to require more discipline and maturity to be actualized. Speaking recently in Lagos, during the seventh Annual Nigeria Liquefied Petroleum Gas Association (NLPGA) Conference and Exhibition, the Director of Marketing Development, World LPG… READ MORE

How to deepen LPG distribution, usage, by NLNG

How to deepen LPG distribution, usage, by NLNG

The nigeria Liquified Natural Gas (NLNG) has identified  railway as a viable option to achieve deeper distribution of Liquified Petroleum Gas (LPG) and boost its local consumption. Specifically, it says Port Harcourt offers such opportunity for the expansion of the LPG distribution market to the East and the North via the railway network, adding, however,… READ MORE

Costs of Nigeria’s oil & gas projects higher than other countries by 100% – Oil firms

Costs of Nigeria’s oil & gas projects higher than other countries by 100% – Oil firms

A report prepared by the Oil Producers Trade Section (OPTS) of Lagos Chamber of Commerce and Industry (LCCI), has shown the existence of a Nigeria-specific cost premium for the petroleum sector, with operating costs and projects costs significantly higher than in other countries by as much as 100%, The oil and gas producers stated that they… READ MORE