OIL & GAS
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OPEC Lifts October Production Ahead of Planned Production Hikes
OPEC’s production increased by 370,000 barrels per day in October, a new Bloomberg survey has found. OPEC’s October production increase—thanks…
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Again, NNPCL Hikes Petrol Price, Fixes N1,060/litre
Barely three weeks after raising the price of Premium Motor Spirit, popularly known as petrol, Nigerians were outraged when the…
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FG Bans Cooking Gas Export Over Rising Prices
The Federal Government has stopped the export of locally produced Liquefied Petroleum Gas, also known as cooking gas, to prioritise…
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Dangote Refinery: Aviation Fuel Imports Crash By 8,000bpd
The Dangote Petroleum Refinery has reduced the importation of aviation into Nigeria from 13,000 barrels per day in 2023 to…
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Nigeria Supplies Togo, Benin 24-Hour Power Supply – TCN
The Managing Director and CEO of the Transmission Company of Nigeria, Sule Abdulaziz, has disclosed that Nigeria supplies 24-hour electricity…
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Chevron Discovers New 17,000bpd Oil Field – Report
Chevron Nigeria Limited, a subsidiary of Chevron Corporation, has announced the discovery of a new oil field estimated to hold…
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NNPC Still Sole Dangote Petrol Buyer – Marketers
The Nigerian National Petroleum Company Limited is still the sole off-taker of Premium Motor Spirit, popularly called petrol, from the…
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Cooking Gas Price Jumps To N1,500/Kg
As Nigerians struggle with the high cost of petrol, the price of Liquefied Petroleum Gas, also known as cooking gas,…
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Dangote To Take 400,000 Bpd Of Nigerian Crude
Dangote oil refinery is poised to process up to 400,000 barrels of crude per day (bpd) over the next two…
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Why Naira Stability Hinges On 2m BPD Of Oil
The Nigerian government is counting on oil to help shore up the battered naira, and industry operators say it must…
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Marketers To Begin Direct Dangote Petrol Purchase 9th October 2024
Major oil marketers are to begin the direct purchase of Premium Motor Spirit, popularly called petrol, from the Dangote Petroleum…
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Buy Equity In Local Refineries, FG Tells NNPC
The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has advised the Nigerian National Petroleum Company Limited to acquire…
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FG Unveils CNG E-Portal For Youths
The Federal Ministry of Youth Development has announced the launch of its Compressed Natural Gas e-portal for youths in the…
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50 CNG Stations Servicing 200 Million Nigerians – NMDPRA
The Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, Farouk Ahmed, says Nigeria has less than…
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Crude-For-Loans: NNPCL Votes 8Million Barrels Monthly For $8.8Bn Debt – Report
The Nigerian National Petroleum Company Limited has pledged 272,500 barrels per day of crude oil through a series of crude-for-loan…
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Petrol Imports Dropped By 3.58bn Litres After Subsidy Removal – FG
The National Bureau of Statistics has stated that Nigeria recorded a reduction in petrol importation following the removal of fuel…
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P’Harcourt Refinery Misses Seventh Production Rollout Deadline
The Nigerian National Petroleum Company Limited has again failed to begin fuel production at the Port Harcourt refinery in Rivers…
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Allow Marketers Lift Petrol From Dangote Refinery, Reps Tell FG
The House of Representatives, on Thursday, urged the Federal Government to direct the Nigerian National Petroleum Company Limited and the…
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Raise Stake In Dangote Refinery, PENGASSAN Tells FG
The Petroleum and Natural Gas Senior Staff Association of Nigeria has urged the Federal Government to increase its shares in…
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Nigerians Paid 64.58% More For Diesel In August — NBS
The average retail price of Automotive Gas Oil, popularly called diesel, in Nigeria surged by 64.58 per cent year-on-year, reaching…
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