OIL & GAS
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Dangote Refinery Tears Abiodun, Amosun Apart As Blame Game Rages
By Babajide Okeowo The duo of Ogun State Governor Dapo Abiodun and former governor, Ibikunle Amosun are currently trading…
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Buhari kicks off oil drilling in Chad Basin
The President, Major General Muhammadu Buhari (retd.), on Tuesday, flagged off the oil drilling campaign in Wadi-B prospect, Chad Basin,…
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Nigeria needs $12bn to clean up oil spills – Report
Nigeria needs $12bn to clean up decades-old oil spills in southern Bayelsa State over a 12-year period, a new…
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Substandard cooking gas, cylinders in circulation, operators warn
Operators under the aegis of the Liquefied Petroleum Gas Retailers Branch of the National Union of Petroleum and Natural Gas…
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Don’t disconnect premises with life-support machines, NERC orders Discos
Power distribution companies have been ordered by the Nigerian Electricity Regulatory Commission not to disconnect electricity supply to any premises…
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Nigeria, others need $7.5bn to deepen LPG usage – Refiners
To displace charcoal with clean cooking gas, also known as Liquefied Petroleum Gas, would cost Nigeria and other countries in…
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Osinbajo presents discharge certificate to Transcorp power
Vice President Yemi Osinbajo, on Monday, in Abuja, said it would take “serious” private sector investment in Nigeria’s power…
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Take over supervision of all crude oil export terminals, Buhari orders NURC
The President, Major General Muhammadu Buhari (retd.), has directed the Nigerian Upstream Petroleum Regulatory Commission to take over the…
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Subsidy removal: Spending on petrol may jump 250% to N8tn
Petrol consumers may pay about N8.4tn for Premium Motor Spirit, popularly called petrol, between July and December 2023 once…
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Amid Inflationary Pressure, Oil & Gas Industry Contract Value Shrink By 48% In Q1 2023
By Babajide Okoewo Oil and gas projects, the overall oil and gas industry’s disclosed contract value shrank by 48% in…
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Electricity: NNPCL, five JV partners sign gas supply agreement
Six joint venture domestic and international oil companies, on Thursday, signed a Gas Supply Agreement for the supply of natural…
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Ongoing AKK pipeline construction gulped $1.1bn – NNPCL
The Nigerian National Petroleum Company Limited has so far spent $1.1bn on the construction of the $2.8bn Ajaokuta-Kaduna-Kano gas pipeline…
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Nigeria lost N2.3tn revenue to oil theft in 12 months — IOC
Nigeria has lost an opportunity to produce and sell about 65,700,000 barrels of oil in the last one year due…
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FG plans 13 fresh oil sector policies
The Federal Government will in the coming weeks, release 13 new regulations in the upstream sector of the oil and…
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Shell removes 460 illegal connections on Trans Niger Pipeline
The Chairman of Shell Companies in Nigeria, Osagie Okunbor, on Tuesday, revealed that the international oil company discovered and…
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Marginal oilfields sale generated N203bn, says Buhari
The President, Major General Muhammadu Buhari (retd), on Monday, said the Federal Government under his watch made over N203bn…
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FG eyes more revenue as US increases crude purchase
The United States has resumed huge crude oil importation from Nigeria, increasing the country’s oil revenue by N156bn last month,…
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Pipeline surveillance workers shut oil well in Delta
Workers of Mormar Marines Limited, a pipeline surveillance firm in the Oil Mining Lease 3O, on Thursday shut down…
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Fuel subsidy, oil theft gulped N29tn, says FG
The Federal Government, on Thursday, said the amount spent on subsidising Premium Motor Spirit, popularly called petrol, between 2005 and…
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Tackle low oil production, IMF tells Nigeria, others
The International Monetary Fund has listed measures Nigeria and other oil-producing economies need to put in place to resolve their…
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