Exports of liquefied natural gas from the United States are on track to book a 40% annual increase this month, hitting 10.7 million tons, projections from Kpler have shown, as cited by Bloomberg. An ample supply of liquefied gas has already pushed natural gas prices down in Europe, with prices reaching the lowest in over a […]
U.S. LNG Exports to Jump 40% as Europe Hits Record Demand Read More »
Crude oil and natural gas from overseas, including Russia, are important for Japan’s energy security, the country’s economy ministry told Reuters this week, noting the Sakhalin-1 oil and gas project in Russia’s Far East. “Japan government continues to recognize that securing energy from overseas, including the Sakhalin Project, is extremely important for Japan’s energy security,” the statement
The Federation owes the Nigerian National Petroleum Company Limited (NNPCL) a staggering N17.5 trillion for pipeline protection, under-recovery, and other energy-security operations carried out on behalf of the government in the 2024 financial year. The figures—contained in NNPC’s 2024 Consolidated Financial Statements—have sparked widespread concern, as analysts and industry experts call for a full forensic
NNPCL spends N17.5tn on pipeline security in one year Read More »
The Nigerian National Petroleum Company (NNPC) and its partner, Heirs Energies, have doubled natural gas production from the strategic OML 17 oil block— a major boost for Nigeria’s domestic gas supply and electricity generation efforts. The milestone was achieved through a rigless well intervention, which unlocked an additional 135 million standard cubic feet per day
Nigeria Boosts Gas Supply With OML 17 Output Surge Read More »
The Federal Government is set to establish 500 Compressed Natural Gas refuelling stations across the country within three years, as part of efforts to accelerate Nigeria’s transition to cleaner, cheaper fuels and ease pressure on petrol consumption. This follows the conclusion of discussions between the Midstream and Downstream Gas Infrastructure Fund and Chinese equipment manufacturer,
Retailers of cooking gas say the prices of the essential commodity have come down from N2,000 per kilogramme in the past three weeks, selling between N1,300 and N1,500 over the weekend. The retailers said this is a significant improvement, as the liquefied petroleum gas is now relatively available for retailers and consumers. Chairman of the
Cooking gas price drops to N1,400/kg, say retailers Read More »
The Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, has directed relevant regulatory agencies to intensify enforcement against marketers hoarding or exploiting consumers amid a sharp spike in the price of Liquefied Petroleum Gas (LPG), popularly known as cooking gas. The directive, issued on Monday through a statement signed by the minister’s spokesperson, Louis
FG orders clampdown on cooking gas marketers as prices soar nationwide Read More »
Shell Nigeria Exploration and Production Company Limited (SNEPCo), a subsidiary of Shell plc, together with Sunlink Energies and Resources Limited, have taken a final investment decision (FID) on the HI gas project offshore Nigeria. When completed, the project will supply 350 million standard cubic feet (approximately 60 thousand barrels of oil equivalent) of gas per
Shell invests in Nigeria offshore gas development Read More »
This approach positions Nigeria to leverage gas for both domestic power supply and regional exports, in line with global energy transition goals. Nigeria’s oil and gas upstream sector has recorded sweeping reforms under President Bola Ahmed Tinubu, with the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) driving a data-driven transformation that has yielded more than ₦12.25 trillion in
Tinubu’s oil and gas reforms deliver ₦12.25trn in 2 years Read More »
Nigeria’s oil and gas sector has long been the backbone of government revenue and foreign exchange, but investors on the Nigerian Exchange (NGX) are increasingly shunning its listed companies. The divergence is stark: while crude prices have stayed relatively firm globally at an average of $65 per barrel this year, Nigerian energy equities have delivered
Why Nigeria’s oil & gas stocks are losing investor favour Read More »
