OIL & GAS
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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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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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