Nigerian lawmakers are investigating alleged payments to Nigeria totaling $18 billion, said to be dividends from the country’s investment in Nigeria Liquefied Natural Gas (NLNG) between 2004 and 2019.

The LNG Limited is a liquefied natural gas-producing company and a liquefied natural gas plant on Bonny Island, Nigeria.

Nigerian Bulk Electricity Trading Company (NBET) has come up with the startling revelation that consumers in the first five months of the year consumed about N293 billion worth of electricity, while the distribution companies (Discos) failed to remit N236.5 billion.

Observers say this was part of the reasons the Central…

          …Aims to reverse oil production decline
Africa’s second-biggest oil exporter, Angola, has unveiled a 2020-2025 energy roadmap which foresees oil discoveries of up to 57 billion barrels of crude oil and 27 trillion cubic feet of gas, state news agency ANGOP reported last weekend.

According to Hellenic Shipping News,…

French oil major, Total has started drilling the Luiperd-1X well, the second exploration well on Block 11B/12B offshore South Africa following the Brulpadda discovery in February 2019.

Media reports at the weekend said the well is being drilled using the Odfjell Drilling-owned, Deepsea Stavanger semi-submersible drilling rig.

The Transmission Company of Nigeria (TCN) has announced the establishment of two work centers, one each in Katsina and Jalingo under TCN’s Kaduna and Bauchi regions, respectively.

The Nigerian state power transmission agency said the work centres were created to further decentralise its services to improve the company’s operational efficiency…

The Executive Chairman of Atlas Petroleum International and Oranto Petroleum, Prince Arthur Eze, has denied any relationship or involvement in a partnership with ADM Energy and oil service company jostling for places in the ongoing Marginal Fields Bidding Round in Nigeria.

On August 3rd, 2020, ADM Energy announced its successful…

The Nigerian National Petroleum Corporation (NNPC) has confessed that refineries in Nigeria processed almost no crude oil in the 13 months to June end, despite huge costs incurred in repairs.

The national oil company said that during the same period, operating costs for the country’s four main oil refineries, which…

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…