OIL & GAS
-
Buhari should suspend fuel subsidy removal, declare marketers
The Nigeria Union of Petroleum and Natural Gas workers has said that its National Executive Council is going to…
Read More » -
Nigeria’s low oil production will affect OPEC+ supplies – Report
The international oil market has expressed concern that the Organisation of Petroleum Exporting Countries and its Declaration of Cooperation partners…
Read More » -
Senate indicts NNPC over N102bn crude oil deliveries
Senate on Wednesday indicted Nigeria National Petroleum Company Limited for poor record-keeping for crude oil deliveries to Warri Refinery…
Read More » -
NERC moves to address power consumers’ complaints
The Nigerian Electricity Regulatory Commission, on Wednesday, unveiled its service charter, which provides details on the rights, obligations and redresses…
Read More » -
Worries over revenue, petrol scarcity as buyers shun Nigerian oil cargoes
With limited capacity to build reserves via deadweight tonnage of tanker fleets through Very Large Crude Carriers (VLCC), Nigeria…
Read More » -
Oil price jumps as OPEC+ cuts production
Brent, the global benchmark for crude oil, jumped in price on Monday, following the voluntary production cuts by member nations…
Read More » -
OPEC, allies begin fresh oil production cuts May
The Organisation of Petroleum Exporting Countries and its allies, referred to as OPEC+, on Sunday, announced voluntary cuts to their…
Read More » -
Edo Refinery targets $125 million yearly from export
The Edo Refinery and Petrochemical Company (ERPC) Limited, operators of the 6000bpd Modular Refinery in Ologbo, Ikpoba Okha Local Government…
Read More » -
FG to sanction oil marketers as 633 die in oil operations
The Federal Government, on Wednesday, raised the alarm over the rising cases of deadly incidents in filling stations, depots and…
Read More » -
NNPCL to boost oil reserves to 50 billion barrels
The ongoing oil exploration in Nigeria’s frontier basins is to grow the country’s crude oil reserves from 37 billion barrels…
Read More » -
Stop fuel subsidy, revive refineries, PENGASSAN tells govt
The Petroleum and Natural Gas Senior Staff Association of Nigeria, on Tuesday, called on the Federal Government to stop subsidising…
Read More » -
Reps invite ministers, firms over $2.4bn oil sale
The House of Representatives’ will on April 11, 2023, grill ministers and other heads of ministries, departments and agencies of…
Read More » -
FG, IPMAN disagree over Port Harcourt refinery completion date
The Independent Petrol Marketers Association of Nigeria has faulted the Minister of State for Petroleum, Chief Timipre Sylva, over his…
Read More » -
China holds ‘upper hand’ in Russian gas exports
A massive new gas pipeline to China could help reduce Russia’s reliance on European buyers, but analysts say the project…
Read More » -
Anger as NNPCL hires expatriate to head subsidiary
The appointment of Jean-Marc Cordier as the head of the oil trading arm of the Nigerian National Petroleum Company…
Read More » -
FG to install N3bn power substation in Kwara
The Federal Government has commenced steps to install $8m (about N3bn) 1x60MVA, 132/33KV transmission sub-station in Oro in the Irepodun…
Read More » -
Naira, fuel scarcity will push 24.8m Nigerians into crisis – Report
No fewer than 28.4 million Nigerians in 26 states and the Federal Capital Territory, including 18,000 Internally Displaced Persons, are…
Read More » -
Fuel price hike imminent over poor supply, marketers warn
The disparity in the pump price of Premium Motor Spirit, popularly called petrol, is to further widen due to the…
Read More » -
OML 17: FG vows to fish out oil thieves
The Federal Government in collaboration with the Nigeria Security and Civil Defense Corps on Tuesday said it was working with…
Read More » -
Ghana removes fuel subsidy
The Ghana National Petroleum Authority has announced removal of fuel subsidy in the country. The removal of the subsidy …
Read More »