OIL & GAS
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Reps probe $9.5bn loss to gas flaring annually
The Speaker of the House of Representatives, Rep. Tajudeen Abbas, has inaugurated an Ad hoc Committee to investigate the alleged…
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FG fails to recover N13.33bn gas flaring fines
Gas flaring The Federal Government recorded a revenue shortfall of N13.33bn from gas flaring penalties issued against oil and gas…
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Ways to reduce your fuel consumption
The President, Bola Tinubu, had during his inauguration on May 29, 2023, announced an end to fuel subsidies, which gulped…
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NNPCL monopoly ends as marketer’s fuel vessel arrives
First batch of petrol, 27 million litres imported by an independent marketer has arrived in the country, putting an end…
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Reps to probe NNPCL over non-remittance of revenue
The House of Representatives is set to commence investigations into non-remittance of revenues to the federation account by the Nigerian…
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NERC may okay tariff hike as electricity subsidy hits N2.8tn
There are strong indications the Federal Government may consider the request by power distribution companies for a review of their…
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Oil Marketers Deny N200,000 Extortion Allegation Against Tanker Drivers
Fuel Tankers The Independent Oil Marketers Association of Nigeria (IPMAN) has said the N200,000 extortion allegation made against petroleum tanker…
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CORAN Highlights Benefits Of Modular Refineries
Momoh Oyarekhua Momoh Oyarekhua, the Chairman of the Crude Oil Refineries Association of Nigeria (CORAN), has highlighted that supporting modular…
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Shell Signs 12-Year-Deal To Supply Morocco With LNG
Dutch Oil Giant, Shell will supply Morocco with an annual 0.5 billion cubic metres (bcm) of liquefied natural gas (LNG)…
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NOSDRA Under Fire Over JIV Report Into SPDC/NNPCL’s Eleme Oil Spills
Oil Spill The National Oil Spill Detection and Response Agency (NOSDRA) has come under fire for the report into the…
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Power tariff hike likely as Discos apply for review
THE Federal Government, on Thursday, announced that the 11 power distribution companies in Nigeria have applied for the review of their…
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Marketers demand suspension of VAT on diesel
Oil marketers have called on the Federal Government to suspend the Value Added Tax on diesel, as it would further…
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Nasarawa inaugurates $2m LNG facility
Nasarawa State Governor, Abdullahi Sule, has laid the foundation for the establishment of a Liquefied Natural Gas and Liquefied Compressed…
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NNPCL, partners to add 192,000bpd to crude production
Mele Kyari, GCEO, NNPCL The Nigerian National Petroleum Company Limited and its joint venture partners plan to add about 192,000…
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Power sector gas debt hits $1bn, says NGA
A new gas pricing template for the power sector and gas-based industries has been developed and currently awaits the approval…
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NNPCL says FG to renegotiate OPEC oil quota November
NNPC’s GMD, Mele Kyari The Nigerian National Petroleum Company Limited has said the Federal Government will renegotiate the country’s production…
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Autogas adoption will save N1.84tn – FG
The switch from the use of Premium Motor Spirit, popularly called petrol, to autogas will save about N1.84tn monthly for…
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Independent petroleum marketers decry pipeline vandalism
Vandalised Pipeline The Independent Petroleum Marketers Association of Nigeria, Ejigbo Satellite Depot, has raised alarm over incessant activities of pipeline…
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Monthly fuel consumption drops by 18.5million litres after deregulation – FG
The volume of Premium Motor Spirit, popularly called petrol, that was consumed across the country in the first half of…
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BUA In Another Drug Trafficking Scandal, Navy Arrests Vessel
Another drug trafficking scandal is brewing in one of Nigeria’s major companies barely two years it was involved in yet…
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