Gas

The Nigerian National Petroleum Corporation (NNPC) has announced an increase of 19.14 per cent in the average daily natural gas supply to power plants in April 2020.

The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) on Thursday picketed the Victoria Island, Lagos office of Variant Energy Services over anti labour practices.

The Nigeria Sovereign Investment Authority (NSIA) recorded a profit of about N36.15 billion from its investments in the 2019 financial year but fears worse returns this year due to the impact of the COVID-19 pandemic on its markets.

President Muhammadu Buhari is expected to flag-off virtually the construction phase of the Ajaokuta-Kaduna-kano, AKK, pipeline simultaneously in Ajaokuta Kogi State and Rigachikun in Kaduna State, today, Tuesday, June 30.

The price of Bonny Light, Nigeria’s Bonny Light, has bounced back to $40 per barrel, as the Organisation of Petroleum Exporting Countries, OPEC and the Gas Exporting Countries Forum, GECF, have ended a successful engagement over the oil market.

The Egyptian Ministry of Petroleum and Mineral Resources announced on Thursday a new oil discovery in the shallow waters of Geisum concession south of the Gulf of Suez, with an initial production rate of 2,000 barrels of crude oil per day.

The Northern Governors’ Forum said it is shocked and devastated over the death of former Group Managing Director of Nigeria National Petroleum Corporation (NNPC), Dr Maikanti Kachalla Baru.

Pan-Niger Delta Forum, PANDEF, the mouthpiece of traditional rulers, leaders and stakeholders of the coastal states of Niger Delta, Friday, warned the Nigeria National Petroleum Corporation, NNPC, which has allegedly sidelined South-South, South-West and South-East from its top management positions, to stop insulting the people of the oil/gas-rich region.

The global oil market remains dull as 50 unsold cargoes of Nigeria’s Bonny Light await buyers, indicating that the volatile market is still flooded with unsold stocks.

Seplat Petroleum Development Company Plc remains a resilient business with strong balance sheet to acquire more oil and gas assets and ensure sustainable growths and returns to shareholders.

The Department of Petroleum Resources (DPR) has announced the postponement of the implementation of the new registration fees for oil and gas trainings in the country till further notice.

The Petroleum Technology Association of Nigeria (PETAN) has commended the critical stakeholders involved in the signing of the Engineering, Procurement, and Construction (EPC) contract for the Nigerian Liquefied Natural Gas (NLNG) Limited Train 7 contract for their expertise.

The Senate has commenced amendment of the Nigerian Oil and Gas Industry Content Development Act 2010, following the consideration of a bill seeking to boost local content and strengthen the nation’s economy.

The Leadership of the National Assembly on Thursday met with the Minister of Finance, Budget and National Planning to be briefed by the latter on the plan by the Federal Government to amend the N10.59 trillion 2020 budget passed by the National Assembly in December last year.

Governor Nyesom Wike has said he demolished two hotels in Eleme Local Government Area (LGA) of Rivers state and placed N5 million bounty on Peoples Democratic Party (PDP) Youth Leader in the area for alleged breach of Covid-19 orders and “deadly attack” on a Task Force.

The federal government should provide a detailed framework for its decisions to end fuel subsidy in the country and the planned oil and gas licensing round, civil society groups advocating for the reform of the country’s oil and gas industry have demanded.

Residents of Birshin Fulani village in Bauchi Local Government Area of Bauchi State have accused a construction company, Triacta Nigeria Limited of polluting their environment while blasting a rock located in the area for gravels and cracking their buildings.

Worried by the increasing number of COVID-19 positive cases in the state coupled with the rigours of going to Abuja for testing, Bauchi State Government has declared that it will soon establish its own testing laboratory.