The Federal Government has announced plans to provide alternative petrol – Compressed Natural Gas (CNG) – for the common man costing between N95 and N97 per litre.
The Department of Petroleum Resources (DPR) has advised plant operators with Liquefied Petroleum Gas (LPG) to take the necessary measures to ensure the health of cooking gas end-users in Kaduna State.
For Nigerian crude oil one of the largest gluts in months has grown, with traders estimating about 35-40 cargoes left for sale, with some remaining for export in January.
Petrobras has concluded the sale of its 50 percent stake in Petrobras Oil & Gas BV (POGBV), through which it holds stakes in Nigeria’s Egina and Agbami fields.
The introduction of methanol technology will go a long way in reducing gas flaring in the country, the Minister of Science and Technology, Dr. Ogbonnaya Onu, has said.
The Department of Petroleum Resources (DPR) is set to grant the Niger Delta Petroleum Resources Limited (NDPR) a License to Operate (LTO) its upgraded 11,000 barrels per day (BPD) refinery expected to be commissioned soon.
The Russian Federation at the weekend expressed its readiness to partner with the Nigerian National Petroleum Corporation (NNPC) in the development of Nigeria’s oil, gas and power sectors.
Following the signing of the Final Investment Decision (FID) on the NLNG Train 7 project, the Bonny Kingdom Local Content and Compliance Committee (BKLCCC) commended the Federal Government and the LNG of Nigeria for the discussion.
Nigeria is currently adopting strategies to better comply with its crude production quota under the OPEC+ agreement.
PENGASSAN President Ndukaku Ohaeri, speaking to the media during the weekend, said that this would mark a new era in the oil and gas industry, to the benefit of Nigeria and its people.