OIL & GAS
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Power: Tinubu Canvasses N2tn Discos’ Recapitalisation, Tariff Review
A Power Transmission System President Bola Tinubu, on Monday, said Nigeria’s power sector privatisation had failed to meet its objectives,…
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FG, ECOWAS To Float Energy Bank
The Federal Government in collaboration with other members of Economic Community of West African States are planning to set up…
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Compel NNPCL To Remit $34.2b To Federation Account, Falana Tells Finance Minister
Human rights lawyer and a Senior Advocate of Nigeria (SAN), Femi Falana, has called on Minister of Finance, Olawale Edun,…
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Senate Reopens Probe Of N11.35tr TAM Cost, N1.6tr Loss On Refineries
• Seeks commercialisation of Port Harcourt, Warri, Kaduna plants • Defends purchase of 107 Toyota Landcruisers for members at N160m each…
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Complete AAK Gas Pipeline 2024, FG Tells Contractors
Ekperikpe Ekpo, Minister of State Petroleum Resources Minister of State Petroleum Resources, Ekperikpe Ekpo, has charged contractors handling the 614-kilometer…
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Remove Fees On Locally Refined Diesel, Producers Tell FG
Operators of modular refineries in Nigeria, on Wednesday, called on the Federal Government to remove many fees attached to locally…
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Oil Production Hits 1.35million Barrels/Day, Highest In 2023
NUPRC’s Chief Executive, Gbenga Komolafe Nigeria’s crude oil output rose to an all-time high of 1.35 million barrels per day…
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Four Consortia To Fix Dilapidated Pipelines – NNPCL
The Nigerian National Petroleum Company Limited, on Monday, said four consortia would finance the rehabilitation of pipelines across the country…
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FG Denies Subsidy Return, More Fuel Stations Shut
NNPC’s GMD, Mele Kyari The Federal Government, on Monday, denied reintroducing the subsidy on Premium Motor Spirit, popularly called petrol,…
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PENGASSAN Confirms Returns Of Fuel Subsidy
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has confirmed the return of fuel subsidy under President…
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FG Procures 1.25 Million Meters With N120bn W’Bank Loan
Prepaid Meter The Federal Government, on Thursday, opened the bids submitted by bidders for the procurement of 1.25 million meters…
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Depots Deserted As Petrol Landing Cost Hits N720/litre
Many petroleum products depots are currently deserted due to lack of products caused by foreign exchange rate volatility, as the…
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Govt Loses N847bn To Gas Flaring – NOSDRA
Gas flaring The Federal Government lost about N843bn to gas flaring between January 2022 and August 2023, data obtained from…
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17 Independent Power Distributors Get Licences, 10 Operational
The Federal Government has issued licenses to 17 Independent Electricity Distribution Networks operators, among which 10 are currently operational, the…
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23 Oil Blocks Failed To Produce Crude –FG
No fewer than 23 oil blocks managed by both international and local oil companies, which are under crude oil Production…
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Cooking Gas Scarcity Looms As Price Hits N1,000 Per Kg
Cooking gas scarcity looms across the country as the price of the commodity hits an all-time high of N1,000 per kilogramme…
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Government Ends Monopoly Of Gas Aggregation With New Licence
The Federal has ended its monopoly of gas aggregation with a private investor operator expected to play actively in the…
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Govt Removing Oil Production Constraints To Tackle Divestments – Lokpobiri
The Federal Government, on Thursday, said it was removing all exploration and production constraints in the oil sector as part…
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Marketers Urge FG To Address Rising Gas Prices
Gas Cylinder The Nigerian Association of Liquefied Petroleum Gas Marketers has called on the Federal Government to find ways to…
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Vandals Destroy 108 Transmission Towers, FG Alleges Sabotage
A total of 108 power transmission towers were destroyed by vandals in various parts of the country between January 2022…
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