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NNPC, others sign methanol, gas projects agreements

The Nigerian National Petroleum Corporation has signed two key agreements with the Nigerian Content Development and Monitoring Board, Brass Fertilizer and Petrochemical Company Limited and DSV Engineering for the construction of a methanol plant and a gas processing plant in Odeama, Brass, Bayelsa State.

Oil edges up on OPEC+ supply expectations

Oil prices on Wednesday rose, paring overnight losses a day ahead of a meeting of OPEC and its allies, with investors betting the producers will largely agree to extend their supply curbs into May.

Saudi to support OPEC+ oil cut extension

Saudi Arabia is prepared to support extending oil cuts by OPEC and allies into May and June and is also ready to extend its own voluntary cuts to boost oil prices amid a new wave of coronavirus lockdowns, the Reuters news agency reported on Monday, citing a source briefed on the matter..

Total suspends Mozambique gas project

French energy company Total said it had postponed the restart of work at a liquified natural gas (LNG) project in Mozambique following an attack on a nearby town this week.

Fuel daily usage reaches 72.72m litres

The supply of Premium Motor Spirit (petrol) by the Nigerian National Petroleum Corporation hit a high of 72.72 million litres daily in December amid the smuggling of the product to neighbouring countries.
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