OIL & GAS
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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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Addressing Oil Industry Challenges, Maximizing Growth To Top Agenda At 2023 African Energy Week
With over 125.3 billion barrels of proven crude oil reserves, Africa represents a key player and contributor to the growth…
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Shareholders get N208m dividend from gas producer
The shareholders of Industrial and Medical Gases Nigeria Plc, have been rewarded with N208m as dividend for the 2022 financial…
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Dangote employs 30,000 Nigerians, expatriates for refinery
The Management of Dangote Refinery has debunked a report published on the online platforms of some media organisations that the…
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PIA: Shell warns against sabotage, oil theft
Shell Petroleum Development Company of Nigeria Ltd has warned against sabotage and crude oil theft. The oil firm gave the…
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Petrol imports from Russia rises by 84% – Report
Oil Vessel Nigeria’s petrol imports from Russia have increased by 84 per cent in one year to 3.8 million litres…
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Subsidy removal: Demand accountability from govt, marketers tell Nigerians
The Independent Petroleum Marketers Association has said petrol subsidy removal would enable the Federal Government to save money. The National…
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Crude oil sells for $84/barrel
Brent, the international benchmark for crude oil, rose to a high of $84/barrel on Wednesday, fuelling speculations that Nigeria might…
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Excess crude account unchanged despite NNPCL’s N907bn FAAC remittance
The balance in the Excess Crude Account has remained stagnant at about $474m in the last two years despite remittance…
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FG N1.3tn subsidy debt won’t affect dividend – NNPCL
The outstanding N1.3tn debt of the Federal Government to the Nigerian National Petroleum Company Limited has nothing to do with…
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