OIL & GAS
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FG Issues 13 New Power Generation, Distribution Licences
The Federal Government through the Nigerian Electricity Regulatory Commission has issued 13 new licences for the generation of off-grid and…
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Seven Major Marketers Get Approval To Sell Dangote Fuel
The seven major oil marketers in Nigeria have registered with the Dangote Petroleum Refinery for the lifting and distribution of…
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Report Ranks Nigeria 22nd Country With Cheapest Petrol
A new report has revealed vast differences in gasoline costs across the world, with Nigeria ranked 22nd in the cheapest petrol price…
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NERC Threatens Discos With Sanctions For Rejecting Power
The Nigerian Electricity Regulatory Commission has expressed concern over the electricity load rejection by power distribution companies despite the blackout witnessed…
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OPEC Links Nigeria’s Economic Growth To Non-Oil Sector
The Organisation of the Petroleum Exporting Countries said the Nigeria’s economic growth in the third quarter of 2023 “exceeded expectations”.…
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P’Harcourt Refinery To Complete tTest-Run This Month -NNPCL
Port Harcourt Refinery The Nigerian National Petroleum Corporation Limited has revealed that test runs at the 60,000-bpd Port Harcourt refinery…
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Seplat Energy Completes ANOH Gas Plant
Seplat Energy PLC, an independent energy company in Nigeria, has announced the completion of its ANOH gas plant. Seplat Energy,…
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FG Eyes 750,000 Jobs With Gas Initiative
The Project Director and CEO of the Presidential Compressed Natural Gas Initiative, Michael Oluwagbemi, has revealed that the Federal Government…
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NNPCL, Marketers Clash Over Subsidy, Operators Peg Petrol At N1,200/litre
The Nigerian National Petroleum Company Limited and fuel marketers under the aegis of the Independent Petroleum Marketers Association of Nigeria,…
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Dangote Refinery Gets Another One Million Crude Barrels
Dangote Refinery Company The Dangote Petroleum Refinery, on Monday, received the fourth shipment of one million barrels of bonny light…
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More Traders Replace USD With Other Currencies For Oil Transactions
• More Nigerian operators seek naira adoption Amidst the ongoing Russia-Ukraine war, more countries have shifted from decades-long petrodollar, as…
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Oil Revenue Crashes By N289.6bn As Output Falls
Oil worker Nigeria lost about N289.6bn crude oil revenue in November 2023 following a plunge in the country’s oil output…
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Create Fair Market Conditions, Oil Marketer Tells NNPCL
The Managing Director and Chief Executive Officer of Petrocam Trading Nigeria Limited, Patrick Ilo, has called on the Nigerian National…
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FG To Inaugurate Gas Leak Detection Facility
The Federal Government will on Thursday inaugurate Amal Technology’s production facility for Gas Leak Detection Devices and Printed Circuit Board…
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Reps Probe NNPCL JV Deals, $60bn Revenue Loss
The House of Representatives has expressed readiness to investigate the loss of over $60bn revenue due to alleged inflated cash…
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Kyari Defends NNPCL Fuel Import Monopoly
NNPC’s GMD, Mele Kyari The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari, has defended…
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NNPCL Not Transparent On Subsidy, Dollar Revenues – W’Bank
President of the World bank, Ajay Banga The Nigeria National Petroleum Corporation Limited is not transparent about the financial gains…
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Parthian Partners Foresee NNPCL, Dangote Refinery Capital Market Listing
Indigenous interdealer brokerage firm, Parthian Partners, has projected that the Nigerian National Petroleum Corporation Limited and Dangote Refinery would be…
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Govt Eyes 1.7mbpd Crude, November Output Fell
Oil workers The Federal Government, on Tuesday, declared that Nigeria would meet and surpass the 2024 crude oil budget benchmark…
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Dangote refinery gets first crude supply
The first crude feedstock for Dangote’s 650,000 b/d refinery has arrived the country, according to SP Global quoting market sources…
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