OIL & GAS
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NNPCL, NCDMB, IOCs To Reduce Oil Production Costs
Mele Kyari The Nigerian National Petroleum Company and the Nigerian Content Development and Monitoring Board, on Monday, signed a Memorandum…
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Consumers Allege Sabotage As Grid Collapses Worsen Outage
The Nigerian Power Consumers Forum has condemned the spate of disturbances on the national electricity grid and the recent fire…
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FG Earned N4.3tn From Oil In 2021 – Report
Simbi The Federal Government raked in N4.3tn from the oil and gas in 2021, according to the Nigerian Extractive Industries…
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Dangote Refinery Imports Crude As NNPCL Swaps Oil For Loans
Dangote Refinery •Dangote expects crude from NNPCL November, begins operations October •$3bn crude-for-loan deals, others put pressure on local supply…
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Again, Nigeria’s Power Grid Collapses, Electricity Supply Drops to 42.7MW
Nigeria’s national grid collapsed once more on Tuesday when power generation crashed from a peak of 3,594.60 megawatts at midnight…
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NNPCL Fails To Remit $6.9 Billion, Swaps $7.1 Billion Worth Of Crude In One Year
Mele Kyari Nigerian National Petroleum Company Limited (NNPCL) failed to remit $6.923 billion and swapped about $7.108 billion of crude…
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Reps’ Committee Unveils Agencies Behind Oil Theft
The Adhoc Committee of the House of Representatives Investigating Crude Oil Theft and Loss of Revenue from Oil and Gas…
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Nigeria Loses N8.7trn Over Failure To Meet OPEC Quota In 8 Months
Nigeria lost over N8.7trillion at N758/$ between January and August because of the country’s inability to meet its quota allocated…
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Electricity Consumers Slam FG Over Power Grid Collapses
The Federal Government has said that the nationwide blackout witnessed on Thursday is due to a fire incident and an…
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PENGASSAN Reacts As Dangote Refinery Misses Production Deadline
The 650,000 barrels per day Dangote Refinery is yet to begin production after the August commencement date, earlier announced by…
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Nigeria’s Refining Capacity Crashes To 6,000b/d – OPEC
Nigeria’s crude oil refining capacity has further reduced to just 6,000 barrels per day, according to data obtained from the…
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Gas Revenue Drops By N3tn In 12 Months – Report
Oil worker The Federal Government, last year, lost the sum of N3.3tn gas revenue last year, as a result of…
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Consumers Protest As FG Hikes Electricity Meters Price by 40%
Minister of Power, Adebayo Adelabu The Federal Government, on Wednesday, announced an increase in the prices of single-phase and three-phase…
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FG Takes Quest For FDI In Upstream Sector To African Energy Week Conference
Sen. Heineken Lokpobiri, Nigeria’s Minister of State for Oil Federal Government will pitch Nigeria’s vast hydrocarbon resources, encompassing 200 trillion…
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Oil Companies May Pay N19bn Fine For Gas Flaring – NOSDRA
Gas flaring Oil companies that fail to meet the country’s zero gas flare rate are subject to fines totalling $25.3m,…
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Gas Shortage Affecting Power Plants’ Operation, Elumelu Tells FG
Tony Elumelu Lack of adequate gas supply is affecting the operations of power plants in the country, the Founder of…
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Port Harcourt Refinery Will Begin Operations By December, Says Lokpobiri
Port Harcourt Oil Refinery The federal government has given assurance that the Port Harcourt Refinery will begin operations by December…
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Update Your Meters Now, NERC Tells Power Consumers
The Nigerian Electricity Regulatory Commission has advised power users across the country to start updating their prepaid meters in order…
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Navy Arrests 10 Oil Thieves With Over 100 Jerry Cans
Men of the Nigerian Navy have arrested 10 suspected pipeline vandals while attempting to steal crude from the sea in…
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Gas Production At Bonny Plant Ongoing – NLNG
The Nigeria Liquefied Natural Gas Limited has said gas production from its plant in Bonny Island, River State, is still…
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