OIL & GAS
-
End fuel smuggling, oil workers tell FG
The Federal Government and operators in the downstream oil sector are all culpable for the nationwide prolonged scarcity of the…
Read More » -
$1.3bn Zungeru hydropower to begin operations Q2 2023
The Federal Government will complete the concession of the $1.3bn Zungeru Hydroelectric Power Plant by March next year and will…
Read More » -
Nigeria, others increase production as OPEC retains
After many months of poor output, Nigeria, last month, ramped up production, albeit marginally, by 171,000 barrels according to OPEC…
Read More » -
Content board, investors partner on gas development
The Nigerian Content Development and Monitoring Board said that it had embarked on deliberate measures with a view to actualising…
Read More » -
Oil marketers urge FG to prepare Nigerians for deregulation amid inefficient subsidy
Stakeholders in the nation’s downstream sector were unanimous in their position as regards the need for the government to commence…
Read More » -
Petrol: Queues Disappear In Abuja After DSS Ultimatum To Marketers
* We have 300m litres 20-day supply of clean petrol; * 39,000mt vessel waiting to offload — FG *…
Read More » -
Customs FOU Zone’ A’ Makes 1,268 Seizures Worth N12bn
The Nigeria Customs Service(NCS) Federal Operations Unit(FOU) Zone ‘A’ Command, Ikeja, said it made a total seizure of 1,268…
Read More » -
Don’t buy meter, transformer, wires, NERC tells electricity consumers
• Insists consumers must sign agreement for refund Electricity Regulatory Commission (NERC), yesterday, in Abuja, said it remains the responsibility…
Read More » -
FG, marketers vow to clear queues in 48 hours
The Nigerian National Petroleum Company Limited, Nigerian Midstream and Downstream Petroleum Regulatory Authority and the Department of State Services met…
Read More » -
Petrol marketers issue seven-day ultimatum over price disparity
Petrol marketers have issued a seven-day ultimatum to the Federal Government, threatening to abandon private depots if the government fails…
Read More » -
FG moves to recover export pipelines as oil production hits 1.5mbpd
…Local capacity moves to 54 per cent Nigeria’s crude oil production has risen to 1.5 million barrels per day, as…
Read More » -
NNPCL signs MoU with Ghanaian, Gambian firms
The Nigerian National Petroleum Company Limited has signed five memoranda of understanding with the national oil companies and relevant…
Read More » -
Nigeria projects 1.8 million barrels production May 2023
The Federal Government, on Monday, said it would continue to work hard to meet its Organisation of Petroleum Exporting…
Read More » -
Marketers resort to private depots, shortage hits NNPC
The Independent Petroleum Marketers Association of Nigeria has disassociated itself from the current scarcity of the Premium Motor Spirit, also…
Read More » -
Petro Scarcity: No Plan To Raise Price-NMDPRA
With Nigerians groaning under acute petrol scarcity and soaring pump prices, the Nigerian Midstream Downstream Petroleum Regulatory Authority (NMDPRA)…
Read More » -
Troops Dismantle 81 Illegal Refineries, Arrest 81 Oil Thieves In N/Delta
Troops of “Operation Delta Safe” destroyed 81 illegal refining sites in the Niger Delta in the last two weeks.…
Read More » -
Presidency Breaks Silence On Derivation Arrears Controversy
In an apparent reaction to the controversy trailing remittance and deployment of the 13% Derivation Fund and other funds…
Read More » -
TCN Delivers 22 Power Transformers, Other Transmission Equipment To Its Lagos Store
The Transmission Company of Nigeria (TCN) has delivered 22 brand new power transformers, spare parts and critical equipment to its…
Read More » -
NNPCL flares 100% gas output, earns zero revenue in Sept
Despite the federal government’s gas monetisation policy and pledge to the United Nations to attain net zero by 2060,…
Read More » -
FG develops trading platform for power firms, consumers
Power generation, distribution and transmission companies, gas suppliers, consumers, among others, will conduct electricity transactions through an automated energy…
Read More »