OIL & GAS
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We’ll speed up Nigeria’s industrialisation with gas – FG
The Federal Government on Tuesday night announced its readiness to use gas to fast track Nigeria’s industrialisation agenda. Minister…
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Forex scarcity hits gas suppliers, price hike imminent
There are indications that gas prices will further rise and Nigerians may pay more as marketers have hinted that the…
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NLNG’s $10bn Train-7 Project threatened over Daewoo shutdown
The scheduled completion of the Nigerian Liquefied Natural Gas Train-7 Project may be stalled, following the lingering labour dispute between…
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Nigeria’s refineries lose 218 workers, post N69bn loss
The number of workers at Nigeria’s refineries fell by 218 within a year, while the facilities posted a cumulative comprehensive…
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NLNG queries Senate’s directive to pay N18.4bn
The Nigeria Liquefied Natural Gas said it was evaluating a directive by the Senate for the company to pay the…
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OPEC eyes oil price hike, 2mbpd cut
The price of Brent, the global benchmark for crude, gained $1.62 by rising to $93.4/barrel at 6.23pm Nigerian time on…
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NNPC grows profit to N674bn, assets hit N16.3tn
. Major oil trunk lines shut down, says Kyari The Group Chief Executive Officer, Nigerian National Petroleum Company Limited,…
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NOSDREA confirms explosion at Eroton’s oil field
An explosion rocked an oil field operated by Eroton Exploration and Production Limited in Akuku Toru Local Government Area of…
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Nigeria’s crude oil revenue jumps to N11tn
Nigeria’s crude oil revenue jumped to N11tn in the first six months of 2022, according to the latest data from…
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Consumers get N1.12tn bill, pay N775bn amid blackouts
Figures obtained from the Nigerian Electricity Regulatory Commission on Monday showed that power consumers in Nigeria got a total bill…
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N3.92tn fuel subsidy topples defence, health, education budgets
The N3.92tn spent as subsidy on Premium Motor Spirit, popularly called petrol, from January 2020 to June 2022 is higher…
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Power sector loses N420bn annual revenue – Gencos
The monthly shortfall in revenue remittances to the power sector stands at N35bn, the Executive Secretary of the Association…
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Power generation slumps to 38MW
Data from the Federal Government on Tuesday indicated that the collapse of the national electricity grid that occurred the preceding…
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Oil price falls to $86/barrel
Brent, the global benchmark for crude, dropped in price on Sunday as virtually all oil grades witnessed reduced prices on…
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37 firms get licences to produce 762.3MW
…metering drops by 71.86% in three months Fresh licenses and permits have been issued to 37 companies to produce a…
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Sylva: Oil, Gas Industry Operators to Get 10-year Tax Vacation When PIA Takes Off Fully
* FG to inject 10m gas cylinders into circulation by end of 2022 The Minister of State, Petroleum, Chief Timipre…
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Agusto tasks govt on energy diversification, renewable adoption
With an unmet energy demand of about 20,000 megawatts (MW), a global research firm, Agusto & Co, has charged the…
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Ogboinbiri gas pipeline in Bayelsa vandalised – Eni
The Ogboinbiri gas pipeline in Bayelsa State has been vandalised, the Italian energy group, Eni, stated on Thursday. Eni…
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No going back on power sector privatisation – FG
The Federal Government has reiterated its resolve and openness to more private sector collaboration as the only viable means…
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Reps begin investigation into NNPC’s 32-year joint ventures
…summon accountant-general over failure to present MDAs’ 2020 accounts The House of Representatives has begun its investigation of the…
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