Nigeria’s export of Liquefied Natural Gas (LNG) has suffered setback as Shell Petroleum Development Company (SPDC) has declared force majeure on gas supplies to the Nigeria Liquefied Natural Gas (NLNG) plant on Bonny Island in Rivers State.
Local refineries may have been roused from years of avoidable slumber and incapacitation, going by information coming from the two located in Warri and Port Harcourt.
A former Presidential Adviser on Petroleum and Chairman, Emerald Energy Resources Limited, Dr. Emmanuel Egboga, has said that the Petroleum Industry Bill must address issues on royalties holistically.
The Nigeria LNG Limited (NLNG) has faulted the Nigerian Extractive Industries Transparency Initiative (NEITI) over a report credited to the transparency watchdog that the company has not remitted about $11.6billion (N2.32trillion) to the Federation Account.
President Muhammadu Buhari on Wednesday commenced the process of implementing the United Nations Environmental Programme’s report on the environmental restoration of Ogoniland.
The federal government yesterday approved the retirement of all eight Group Executive Directors (GED) of the Nigerian National Petroleum Corporation (NNPC), in a sweeping move expected to affect more senior executives of the state-run oil company over the next one week.
It is definitely not the best of time for the oil and gas multinationals, as the impact of the dwindling crude oil prices weighs on their financial reports.
