House of Representatives Committee on Public Accounts has summoned Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, over alleged withdrawal of $20.3 billion from the Nigerian Liquefied Natural Gas (NLNG) dividend account. Its chairman, Wole Oke, expressed concern over the NNPC chief’s supposed refusal toRead More

The Nigerian Content Development and Monitoring Board, NCDMB and key organisations in the oil and gas industry – the Petroleum Technology Association of Nigeria, PETAN, Petroleum Contractors Trade Section, PCTS, Oil Producers Trade Section, OPTS and the Nigeria LNG Ltd have advised against increasing the percentage of the Nigerian ContentRead More

Despite Nigeria’s vast gas potential- 203 trillion cubic feet proven gas reserve, and a potential of 600 trillion cubic feet, it currently produces just 22 metric tons per annum with an output of 7294 million standard cubic feet per day. A production of 22 metric tons per day amounts toRead More

Retailing stations operated by the Nigerian National Petroleum Corporation (NNPC) would have the Compressed Natural Gas (CNG) by December, Group Managing Director (GMD) Malam Mele Kyari, said on Monday. According to him, the deployment will be extended to independent retail stations as the NNPC plans to replicate the plants inRead More

Lagos — The federal government has listed over 9000 stations for collocation of autogas nationwide this year as part of the process of replacing preference for gasoline with Liquefied Natural Gas, LNG and Compressed Natural Gas, CNG. This was revealed by Engr. Justice O. Derefaka, the Technical Adviser on Gas BusinessRead More

The federal government has assured private investors in the National Gas Expansion Programme, NGEP of sanctity of contract, saying it would not “change game midway”.   While speaking on NTA’s ‘Good Morning Nigeria’ on Tuesday, Engr. Justice O. Derefaka, Technical Adviser on Gas Business & Policy Implementation to the MinisterRead More

LONDON (Reuters) – Royal Dutch Shell is looking to slash up to 40% off the cost of producing oil and gas in a major drive to save cash so it can overhaul its business and focus more on renewable energy and power markets, sources told Reuters. Shell’s new cost-cutting review,Read More