Oil & Gas: IOCs Delay $58.4bn Projects In Nigeria   A number of oil and gas projects valued at $58.4bn are facing an uncertain future as international oil companies operating in the country have failed to sanction them several years after they were announced. Industry experts said...

Gas Reduction Hinders 1,109MW Electricity Generation   The volume of gas supplied to gas-fired power plants dropped from 820 million standard cubic feet per day in February 2019 to 595mmscfd in September, a development that stalled the generation of 1,109 megawatts of electricity. Latest data on gas...

Crude Oil, Gas Exports Hit $232.87m – NNPC   The Nigerian National Petroleum Corporation on Sunday announced that crude oil and gas export sales increased by 52.84 per cent to $355.93m in September 2019. NNPC’s crude oil and gas exports in September were $123.06m higher than the...

Oando, NLNG Seal Deal To Supply Gas For Trains 1-3 & 7   Oando Plc, through its upstream arm, Oando Energy Resources, has signed two gas supply agreements (GSA) with the Nigeria Liquefied Natural Gas Limited (NLNG), for the renewal of gas supply for the existing...

Senate Probes Oil, Gas Exploration Contracts   The Senate on Wednesday mandated its Committee on Petroleum Resources (Upstream) to conduct a comprehensive review of the relevant laws in Nigeria’s oil and gas sector and determine the level of compliance by the oil firms to the laws. The...

Concern Over Nigeria’s Gas Industry As Shortfall Persists   Amid lingering gas supply shortage in Nigeria despite huge reserves, the International Energy Agency has said the current outlook for Nigeria’s gas industry is far from bright. Early this month, the country saw a sharp increase in the...