Oil and Gas

Nigeria flags off construction of its $7bn NLNG Train 7 project

To increase gas liquefaction capacity by 35% to 30 MTPA Buhari asks NLNG management to move up quickly to Train…

Nigeria’s proven gas reserve climbs to 206.53tcf, says DPR

By Onome Amuge   Nigeria’s proven natural gas reserve stood at 206.53 trillion cubic feet (tcf) as at January 1,…

Oil prices fall as demand fails expectation test

By Onome Amuge   Crude oil prices fell on Thursday after data by the Energy Information Administration (EIA) showed an…

NNPC follows in footsteps of Saudi Aramco in refining capacity acquisition

Dangote, BUA, Waltersmith, others to shed off equity stakes Oil industry structure shifts from supply tightness to supply surplus  …

Nigeria’s revenue under threat as India cuts oil import by $39.5bn

  Wale Ameen Online Editor   Nigeria's oil revenue may be up for some potential threat as the country has…

Nigeria’s exact crude oil production volume unknown – NEITI

Arakunle Kayode   According to the Nigeria Extractive Industries Transparency Initiative, no one knows the exact volume of crude oil…