Oil & Gas

Price of Nigeria’s Bonny Light hits $71.73 per barrel as output stands at 1.344 mb/d By Eyo Nsima The price of Nigeria’s Bonny Light has risen to $71.73 per barrel from $70.60 recorded on Wednesday as the Organisation of Petroleum Exporting Countries, OPEC moves to achieve stability in the global market. This showed over $31.73

Technology will play a key role in ensuring Nigeria stays cost-competitive in today’s oil market, Mr. Roger Brown, Chief Executive Officer of Seplat Plc, has said. The Seplat CEO said this in his keynote address titled, “Oil Market Forum: Who Is In Control?” at the ongoing 2021 Nigerian International Petroleum Summit (NIPS) in Abuja. With

Nigeria LNG Limited (NLNG) has signed 10-year LNG Sales and Purchase Agreements (SPAs) with three offtakers for the domestic supply of Liquified Natural Gas (LNG) in country. The Company will supply 1.1 Million Tons Per Annum (MTPA) of LNG on DES basis to Asiko Power Limited, Bridport Energy Limited and Gas-Plus Synergy Limited. The SPAs