By Udeme Akpan Despite its over 200 trillion standard cubic feet, scf of gas reserves, Nigeria’s daily gas production dropped to 7,574.68 million metric standard cubic feet, mmscf in 2020, based on data collated from the monthly reports of the Nigerian National Petroleum Corporation, NNPC. Year-on-Year, YoY, the output produced by the Joint Ventures, JV, […]

By Emma Ujah – Abuja The Office of the Accountant General of the Federation (OAGF) has pledged to support the Nigeria Extractive Industries Transparency Initiative (NEITI) in tracking oil and gas revenue that accrue to the Federal Government to ensure appropriate remittances. The Accountant General of the Federation (AGF), Mr Ahmed Idris, gave the pledge […]

The Department of Petroleum Resources (DPR) on Friday defended itself against claims by the Nigeria Extractive Industries Transparency Initiative, NEITI, that no Nigerian knows the exact volume of crude oil produced in the country especially at deep offshore field. Mr Paul Osu, Head, Public Affairs, DPR, in a statement issued in Lagos, said every litre […]

By Obas Esiedesa – Abuja The Executive Secretary of the Nigeria Extractive Industries Transparency Initiative, NEITI, Dr. Orji Ogbonnaya Orji has stated that no Nigerian knows the exact volume of crude oil produced in the country especially at deep offshore fields. Dr Orji explained that the absence of meters at wellheads and the lack of […]

The Federal Government on Thursday inaugurated an Alternative Dispute Resolution Center (ADRC) to quicken the resolution of disputes in the oil and gas industry in Lagos. It also inaugurated a six-member Advisory Council and a 20-member Body of Neutrals to mediate on disputes before the ADRC, which is one of the units of the National […]

The Nigerian Maritime Administration and Safety Agency (NIMASA) and modular refinery operators, on Wednesday, deliberated on the availability of 0.5 per cent Sulphur Compliant bunker fuel in preparedness for its enforcement in the country. The Executive Director Operations, NIMASA, Mr Ahmed Shehu, disclosed this at the NIMASA two-day meeting with modular refinery operators/fuel oil suppliers […]

The National Bureau of Statistics (NBS) says residents of Lagos, Ebonyi, and Niger states paid the highest amount for Premium Motor Spirit (PMS), popularly known as petrol in March. The NBS said this in its “Premium Motor Spirit (Petrol) Price Watch for March 2021’’ released on its website on Wednesday. It said Lagos residents paid […]

The Federal Government will inject five to 10 million Liquefied Petroleum Gas (LPG) gas cylinders into the market in the next one year, according to Mr Dayo Adeshina, Programme Manager, National LPG Expansion Implementation Plan. He made this known in Lagos on Wednesday, at a sensitisation workshop on LPG Adoption and Implementation for Industry Stakeholders. […]

By Obas Esiedesa – Abuja The Nigerian National Petroleum Corporation (NNPC) has disclosed that it supplied 1.44 billion litres of Premium Motor Spirit, petrol, in the month of January 2021, amounting to an average daily supply of 46.30million. The January petrol consumption data is a marked difference from the currently projected figure of about 70 […]

By Prince Okafor   The continued dominance of the Federal Government, despite the deregulation of the downstream sector, has fueled uncertainties, and stifled investment. Energy Vanguard investigation, weekend, showed that the dominance has continued to push the sector towards a negative trajectory, which culminated partly in the divestment of operators, especially Oando, Forte Oil, and […]