OIL & GAS
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Nigeria Earns $742Bn Oil Revenue In 21 Years – NEITI
Nigeria earned $741.5bn and N635.3bn from the oil/gas and solid minerals sectors respectively, between 1999 and 2020, a period of…
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NLNG Prolonged Shutdown Threatens Gas Production
The continued shutdown of operations by Nigerian Liquefied Natural Gas Ltd is a looming danger to the country’s annual production…
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Fuel Marketers Kick As FG Rules Out Price Hike
Oil marketers, on Tuesday, advised President Bola Tinubu to gradually relax the removal of subsidy on Premium Motor Spirit, popularly…
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FG To Sell Stakes In NNPC, 19 Entities
President Bola Tinubu The Federal Government may sell stakes in about 20 state-run companies to raise funds and improve governance…
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Gas Expansion Projects To Gulp $20bn Yearly – FG
The Federal Government, on Monday, said about $20bn annual investments would be needed to achieve the desired gas expansion projects…
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Nigeria’s Oil Production Dips By 13.6 Percent, Lower Than OPEC’s Allocation
The latest production data released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has revealed that the country’s oil production fell…
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NUPRC Challenges Oil Industry Operators On Effect Of Energy Transition
Engr. Gbenga Komolafe The Chief Executive Officer of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Engr. Gbenga Komolafe has disclosed…
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Navy Partners NSCDC To Move Against Pipelines Vandals, Illegal Bunkering
In a bid to combat pipeline vandalism, oil theft, artisanal refining and illegal oil bunkering activities in the Niger Delta…
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Shell, TotalEnergies, Others To Lose $44b After Exiting Russia
The oil industry, including companies BP, Shell, and TotalEnergies, was the industry that suffered the greatest financial losses from leaving…
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Nigeria To Miss Out On Rising Oil Prices As Oil Production Declines To 1.29mbpd
Nigeria is set to miss out on crude price windfall as the country’s output declined to 1.29 million barrels per…
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Cooking Gas Price To Rise Next Week, Say Marketers
Cooking Gas Cylinders Tougher times are ahead of gas consumers, as marketers have hinted that prices will go up next…
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Nigeria To Get New Modular Refinery Within 12 Months
Modular Refinery Managing Director and Chief Executive Officer, Modular refinery, Adegbite Falade, said the company’s modular refinery would start producing…
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Bonny Light Hits $86.55 Per Barrel
An oil vessel at bath The price of Nigeria’s Bonny Light has risen to $86.55 per barrel, from $82 per barrel…
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Tinubu Hails Significant New Gas-Fired Power Plant
As Nigeria began construction of the 1,350-megawatt gas-fired Gwagwalada Independent Power Plant in Abuja on Friday, President Bola Ahmed Tinubu…
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OPEC+ Maintains Current Oil Output Levels
The Joint Ministerial Monitoring Committee (JMMC) of OPEC+ Friday maintained the current levels of oil production of the group and…
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Navy, Tantita Security Outfit Clash Over Alleged ‘Intercepted’ Vessel
The Nigerian Navy and Tantita Security Services are currently engaging in a war of word over the allegation of a…
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Communities Protest Bonga Oil Spill, Issues 14 Days Ultimatum For Compensation Payment
Oil Spill Indigenes of affected environment under Concerned Bonga Oil Spill Impacted Communities (CBOSIC), have embarked on a peaceful protest…
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Direct Interventions In Power Sector Hit N7tn – FG
The Federal Government, on Tuesday, said it had spent about N7tn as direct interventions in the power sector despite privatising…
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Europe’s Fuel Export Market In Trouble After Nigeria Scraps Subsidies
European refiners will lose a portion of a key export market for gasoline after Nigerian consumption slumped following the removal…
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NCDMB Offers ‘First Mover Advantage’ For Investors At Oil Parks
Engr. Simbi Kesiye Wabote, Executive Secretary NCDMB, and Mike Sangster, Country Chair, Total Energies Companies in Nigeria during Sangster’s send-off…
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