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...

Oil, Gas Suppliers Risk N320bn Loss       The Natural Oil and Gas suppliers Association of Nigeria (NOGASA) have pleaded with the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) that the planned protest over the new petrol pump prices will make them lose N320billion. In a...

Gas Agreement Review Won’t Raise Price – GACN       The Gas Aggregation Company Nigeria Limited has said that its decision to review existing agreements used in transactions within Nigeria’s domestic gas market will not lead to hike in prices of gas. According to GACN, the review was...