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Tags: Natural Gas

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

Nigeria Earns N362.43bn From Crude Oil Export in June

Nigeria Earns N362.43bn From Crude Oil Export in June

Nigeria’s crude oil earning increased from the N253.02billion in June, to N362.43billion in July, according to the National Bureau of Statistics (NBS). This comes as stakeholders in the oil and gas industry have underscored the drawbacks of the Petroleum Industry Governance Bill (PIGB), saying that the bill failed to address some critical issues in the… READ MORE

Nigeria lost 700,000bpd of oil to pipeline vandalism in 2016 – NNPC MD

Nigeria lost 700,000bpd of oil to pipeline vandalism in 2016 – NNPC MD

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has said that an average of 700,000bpd of crude oil was deferred in 2016 due to pipeline sabotage, saying this brought Nigeria’s production down to as low as 1.3 million barrels per day from 2.2 million barrels targeted for the period…. READ MORE

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