OIL & GAS
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NEITI, Oil Producers Partner On Transparency, Accountability
The Nigeria Extractive Industries Transparency Initiative and the Oil Producers Trade Section, have met with oil firms and miners over…
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Norway’s Equinor Sells 20% Stake In Chevron Agbami Field
Norway’s Equinor has concluded the sale of its 20.21 per cent stake in Chevron’s operated Agbami oil field. Equinor said…
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FG Sets Up Committee To Reduce Gas Price
Federal Government has taken drastic step to ensure that the soaring prices of Liquefied Petroleum Gas (LPG) otherwise known as…
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Tinubu Reshuffles NNPC Board, Management
Bola Tinubu has approved the appointment of a new Board and Management team for the Nigerian National Petroleum Company Limited…
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Navy Deploy 13 Ships, 2 Helicopters, 88 Boats To Battle Crude Oil Theft, Piracy, Other Crimes
The Minister of State for Defence, Mohammad Bello Matawale, has lauded the Nigerian Navy for varying degrees of success, which…
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Nigeria, Germany Sign $500m Renewable Energy, Gas Deals
In a significant move to strengthen economic ties, Nigerian and German companies sealed two pivotal agreements in Berlin on Tuesday.…
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Protesting Tanker Drivers Threaten Breakaway From NUPENG
Oil Tankers Packed On The Road The Petroleum Tanker Drivers arm of the Nigeria Union of Petroleum and Natural Gas…
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Sun Africa Pledges $2.2bn For Nigeria’s Power Sector Devt
Adeboyo Adelabu Sun Africa LLC, an international organisation that supports Africa’s energy needs, has pledged to commit about $2.2bn for…
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Fuel scarcity: Marketers blame low supply, NNPCL disagrees
Oil marketers stated on Thursday that the reason behind the long queues at petrol filling stations in Abuja and neighbouring…
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NNPCL Flags Currency Crisis As Barrier To Investment
…Gas demand may hit 12.2 BCF/d by 2030s, NUPRC projectsThe Nigeria National Petroleum Company Limited (NNPCL) said currency volatility remains…
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FG Signs 250MW Power Sale Deal With Discos
The Federal Government through the Niger Delta Power Holding Company has signed a Power Purchase Agreement with utility companies to…
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Oil Sector Attracted Zero Foreign Investment In Q2 – NBS
The oil and gas sector in the country failed to attract any foreign investment for the first time in Q2…
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Tinubu Stops Electricity Tariff Hike, Insists On Subsidy
President Bola Tinubu recently stopped the implementation of a hike in electricity tariff and insisted that subsidy be paid on…
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FG Solicits Private Sector Collaboration On LPG Use
The Federal Government, on Tuesday, solicited the cooperation of private sector investors in deepening the utilisation of Liquefied Petroleum Gas…
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Reps Vow To Recover 100bn Dollars Unremitted Oil Revenues
House of Representative House of Representatives has vowed to ensure the recovery ofover 100 billion dollars unremitted oil revenue by…
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NDDC Implores Niger Delta Stakeholders On Stronger Bonds
The Chairman designate of the Niger Delta Development Commission, NDDC, Mr. Chiedu Ebie, has urged Niger Delta stakeholders to forge…
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Dangote Refinery Gets 200,000 Bpd Crude Oil From NNPCL,To Begin Test Run
Dangote Refinery Company The Dangote Oil Refinery Company has reportedly secured about 200,000 barrels per day crude oil, about six…
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Crude Shortage Delays Dangote Refinery, Five Others’ Take-Off
• Lack of supply to Dangote shameful, says FG, minister blames low production The failure to supply crude oil to…
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N16.25tr Lost To Oil Theft, $74.386b Spent On Fuel Subsidy, Says NEITI
Executive Secretary/CEO of Nigeria Extractive Industries Transparency Initiative (NEITI), Ogbonnaya Orji, has said Nigeria lost over N16.25 trillion due to…
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N’Assembly IOCs, IPPG Partner On Addressing Oil Production Crisis
Nigeria’s wobbling oil production could get better if moves by oil operators, especially in the upstream segment, in collaboration with…
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