Germany faces gas supply ‘crisis,’ declares alarm level

Germany activated the second phase of its three-stage emergency plan for natural gas supplies Thursday, saying Europe’s biggest economy faces a “crisis” and warning that storage targets for the winter are at risk due to dwindling deliveries from Russia. The…

We’ll hit 600tcf of gas if subsidy is removed – Petroleum Minister

Amid the virulent diatribe against Federal Government’s desire to end the highly contentious subsidy regime, its officials have continued to use every opportunity at their disposal to drum up support for its full implementation. Just as the Finance Minister, Zainab…

How Nigeria ‘accidentally’ discovered 206trn cubic feet gas reserve –Sylva

Minister of State for Petroleum, Chief Timipre Sylva, has said that the country accidentally discovered 206 trillion cubic feet of gas reserves while in search of crude oil. Sylva, who disclosed this in Abuja , said that the country could…

NNPC explains drop in gas supply (Guardian)

The Nigerian National Petroleum Corporation (NNPC) has said that the drop in power generation could have been triggered by the continuous rejection of load by the distribution companies due to frequency management. The corporation disclosed this in a statement signed…

AGM: Seplat returns to full year profitability riding on gas advantage

SEPLAT Petroleum Development Company Plc (“Seplat” or the “Company”), a leading Nigerian independent oil and gas exploration and production company held its 2017 Annual General Meeting (AGM) at the Civic Center on Wednesday, June 6, 2018 in Lagos. Seplat, which…

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