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China’s oil import dependence reaches 73.4%

Chinese data analyzed by Radio Free Asia’s Michael Lelyveld revealed that the country has been buying record volumes of crude oil over the past months in order to bolster its energy security, especially at a time when its relations with the United States are deteriorating.

NEPAL Oil launches retail station in Lagos

The Retail Business Manager of the company, Ezinne Nwazulu, said Nepal would give out discounts on the pump price of products and branded souvenirs to first 20 customers every day for the next 30 days to commemorate the launch.

FG moves to reduce oil output cost to $10

The Minister of State for Petroleum Resources, Chief Timipre Sylva, has said that the Federal Government is working towards attaining a $10 per barrel production cost sealing in the oil and gas sector.

Reps set up 30-man committee for PIB Passage

A thirty-member committee, with five members drawn from each of the six geo-political zones of the country, is expected to start work on the Petroleum Industry Bill (PIB) in the third week of this month. This is because the House of Representatives is set to pass the long-awaited bill into law in September.

Gas Business Is Nigeria’s Future, says Kyari

“We must not lose sight of the fact that the world is transiting to renewable energy and gas is the future. These were the words of the Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Mele Kyari, recently, saying that gas is the future of energy development in Nigeria.

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Downstream

OPEC’s plan to raise supply in August not certain

As the COVID-19 pandemic continues to spread across many major economies of the world, there is…

Midstream

Russia surpasses U.S. in LNG exports to China

Data first quoted by Bloomberg showed that Russia exported more LNG to China in June than the United…

Upstream

Chevron to restart 2nd Gorgon LNG train in September

Chevron Corp expects to restart Train 2 of its Gorgon liquefied natural gas (LNG) plant in Australia…

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Oil Tips

How oil and gas industry helps fight coronavirus

The oil and gas industry is facing a downturn exacerbated by the COVID-19 coronavirus pandemic, but companies in…

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