OIL & GAS
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Oil marketers reject old naira notes despite CBN directive
Oil marketers, on Monday, insisted that they were no more interested in the old naira notes and would not collect…
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New substations, transformers push power above 4,000MW
Power generation on the national grid has continued to hover above 4,000 megawatts since January this year, following the…
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Daily crude production rises to 1.3 million barrels
Nigeria’s oil production continued its monthly rise that started in September last year, as latest data from the Federal Government…
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339m litres of petrol distributed in one week – NNPCL
The Nigerian National Petroleum Company Limited has said a total of 339 million litres of petrol was distributed to 63…
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Oil production may drop over pipeline explosions
Nigeria’s oil production output may fall this month over a fresh pipeline explosion, according to findings by our correspondent. A…
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Polls controversy: Fuel hits N300/litre as marketers halt loading
Oil marketers, on Tuesday, said many depots had stopped loading Premium Motor Spirit, popularly called petrol, due to the apprehension…
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Discos reject 408MW excess power – FG
Power distribution companies have stepped up the quantum of electricity load allocation that they receive and distribute to consumers…
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Cooking gas price rose by 39% in 12 months – NBS
The National Bureau of Statistics has revealed that the price of 12.5kg of cooking gas rose from N7,413.25 recorded in…
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FG names winner of 700MW Zungeru plant concession
The Federal Government, on Wednesday, announced the preferred bidder for the concession of the 700 megawatts Zungeru Hydroelectric Power Plant…
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NNPC to begin oil drilling in Nasarawa next month
The Nigeria National Petroleum Company Limited (NNPC Ltd) will begin drilling of the first oil well in Obi/Keana Nasarawa…
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Lagos NSCDC pledges to stamp out oil theft, intercepts 3,896 litres of PMS in Badagry
• Mobilises 2,000 personnel for election The Nigeria Security and Civil Defence Corps (NSCDC), Lagos State Command, has intercepted 3,896…
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NNPCL, Gambia sign MoU on oil exploration
The Nigerian National Petroleum Company Limited has signed a Memorandum of Understanding with the Gambian National Petroleum Company for oil…
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Oil firm gets ISO certifications
Ibile Oil and Gas Corporation, has been awarded the ISO 9001:2015, ISO 14001:2015 and ISO 45001:2018 certifications, in recognition of…
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Upstream oil investments hit $499bn in 2022 – Report
The investment in the global oil and gas upstream sector has increased by 39 per cent to $499bn in 2022, the…
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NNPCL completes depot repairs
The Nigerian National Petroleum Company Limited has completed the rehabilitation of the pipeline at the Satellites depots area, media has…
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FG plans to repair Warri, Kaduna refineries
The Nigerian National Petroleum Company Limited has said that the rehabilitation of three refineries in the country which it has…
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NNPCL projects N367bn annual savings from local refining
Nigeria is going to save about N367.2bn annually through the domestic refining of crude oil to Premium Motor Spirit,…
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Bonga attains one billion barrels oil export – Shell
Nigeria’s first deep-water exploration and production vessel, Bonga, hit a one-billion-barrel oil export mark on Monday. This milestone came three…
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NMDPRA, CBN plan database for crude oil distribution
The Nigerian Midstream and Downstream Petroleum Regulatory Authority, Central Bank of Nigeria and other relevant agencies are to establish reliable…
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Abuja, Lagos queues ease, more stations receive fuel
The queues for Premium Motor Spirit, popularly called petrol, at filling stations in Abuja, Lagos and other states, cleared gradually…
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