OIL & GAS
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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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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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