Nigeria is considering a proposal of Willing Seller, Willing Buyer in the gas sector, whereby producers and consumers of natural gas alike can agree on gas prices, whereas the product will be available at all times.

The minister of state petroleum resources, Mr. Timipre Sylva who dropped the hint during…

Waltersmith Petroman Oil Ltd., a Nigerian independent producer, will open a 5,000-barrel a day capacity modular refinery in September in the country.

Nigeria is Africa’s top crude oil producer but it imports all of its refined-product needs.
Speaking at a webinar yesterday, the company chief executive officer, Chikezie Nwosu, said…

...as Buhari sacks coordinator of Presidential Amnesty Programme

President Muhammadu Buhari, Thursday, terminated the appointment of Prof. Charles Dokubo as coordinator of the Presidential Amnesty Programme.

The President appointed Col. Milland Dikio (rtd.) as the interim administrator of the programme.

The Nigerian National Petroleum Corporation (NNPC) has announced the total crude oil and gas export receipts of $4.60 billion in the last one year.

The amount was realised between the period June 2019 to June 2020. Details of the earnings were contained in the June 2020 Monthly Financial and Operations…

The European Union and Germany are supporting a new scholarship programme on solar energy and energy efficiency, targeting over 185 participants in Nigeria.

The programme, which started on August 10, 2020, would among other things, enhance the skills of trainees on how to access funds for…

Sterling Alternative Finance (SAF), a division of Sterling Bank Plc, has launched Altpower, a clean and affordable energy solution for homes and businesses nationwide.

Altpower is expected to provide consumers with flexible and pocket-friendly options. It comes with a financing option that eliminates the high entry cost barrier hindering the…

Nigerian integrated oilfield services provider, RusselSmith has teamed up with Kongsberg Ferrotech, a Norwegian subsea robotics company to introduce a range of autonomous subsea robotic technologies to the Nigerian oil and sector.

The robotic solutions are designed to perform inspection, repair and maintenance tasks on subsea pipelines, with the distinct…

A report has said that the United States reduced its imports of Nigerian crude oil to 9.37 million barrels in the first five months of this year, 11.67 million barrels lower than what it bought in the same period of 2019.

Data obtained from the US Energy Information Administration (EIA)…