Oil & Gas

By Eyo Nsima Ardova Plc has conducted a groundbreaking ceremony to commemorate the ongoing construction of its new world-class Liquefied Petroleum Gas (LPG) storage facility at the company’s Ijora-Lagos Campus. The LPG facility which will sit on 8.8 hectares and have a combined storage capacity of 20,000 metric tonnes, underscores Ardova’s commitment to growing revenues […]

The Federal Government has concluded plans to convert 200, 000 automobiles from using petrol to compressed natural gas (CNG) usage in 2022. It also has plans to have at least one million automobiles converted in the next three years. The Minister of State Petroleum Resources, Chief Timipre Sylva said the government was looking at providing

Nigeria LNG (NLNG) Limited today signed Memoranda of Understanding (MOU) with six Nigerian teaching hospitals nationwide, flagging off the implementation of its multi-billion-naira Hospital Support Programme (NLNG HSP). The six hospitals were selected as part of the first phase of the NLNG HSP. The NLNG HSP targets 12 hospitals from the six geographical zones in

Crude prices could rise further amid tighter supplies, Vitol, the world largest independent oil trader, has said. “These prices are justified,” Mike Muller, head of Asia for Vitol Group, told Bloomberg in an interview. “Strong backwardation is very much justified,” he said, referring to a bullish pattern whereby near-term futures are more expensive than later

The Edo State Governor, Mr. Godwin Obaseki has said the state government is determined to exploit its mining, oil and gas assets to boost economic growth. The governor, who said this at the management leadership strategy retreat for members of the Edo State Executive Council, in Lagos, stated that there was the need for a

TotalEnergies EP Nigeria Limited has declared a Force Majeure Event resulting from its NOPL Line vandalization at KP41 on January 7, 2022. According to TotalEnergies EP Nigeria Limited in a letter to the Niger Delta Power Holding Company Limited (NDPHC), “NOPL pipeline was vandalized on 7th January 2022 at KP41 Alaoma Etche Cluster. The Line