Electricity: Gas, Transmission, Distribution Facilities Hinder 10,106MW Generation         A total of 10,106.8 megawatts of electricity could not be generated by the nation’s power plants last week amid lingering challenges in the Nigerian electricity supply industry. Daily electricity generation in the country averaged 4,601.33MW last week as...

Oil, Gas Exports Hit $3.71bn In 13 Months       Nigeria exported crude oil and gas worth $3.71bn from August 2019 to August 2020, latest statistics released by the Nigerian National Petroleum Corporation have shown. The NNPC also stated that Nigeria’s total crude oil and gas export sale...

Nigeria To Lose $24bn Oil, Gas Investments In Six Years — AEC         Nigeria will lose $24 billion in investments in the oil and gas sector between 2020 and 2025, due to effects of the COVID-19 pandemic on the global petroleum industry, according to a report...

Nigeria Loses N343bn As Oil Firms Burn 265bcf Of Gas In 9 Months       Despite Nigeria’s struggle with declining revenue, poor power supply and environmental degradation, oil and gas firms operating in the country flared 265.18 billion standard cubic feet, bcf, of gas between January and...

#EndSARS: Oil Marketers Suspend Transportation Of Petrol, Others         Oil marketers have asked petroleum tanker drivers to temporarily suspend the movement of petrol, diesel, Liquefied Petroleum Gas, among others, as a result of the #EndSARS protests in various locations nationwide. It was also gathered that the decision...

Nigeria Wastes Gas Worth N115bn In Seven Months       International oil companies and local players in the nation’s oil and gas industry flared natural gas worth an estimated N114.79bn from January to July this year. The companies produced 1.64 trillion standard cubic feet of gas in the...