OIL & GAS
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Marketers, Refiners Demand Total Subsidy Removal
Petroleum marketers, refiners, and depot owners in Nigeria have called for the full deregulation of the downstream oil sector, seeking…
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FCT Taxi Drivers Worry Over Delayed CNG Conversion
Taxi drivers in Abuja have expressed frustration over the delays in the government’s promised free conversion of their vehicles to…
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Crude Oil Prices Fall Below $70/barrel
Brent crude oil futures fell below $70 per barrel on Tuesday, the first time since December 2021. Brent fell by…
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NOSDRA, HYPREP Vow To Meet Ogoni Cleanup
The National Oil Spill Detection and Response Agency and the Hydrocarbon Pollution Remediation Project have strengthened collaboration to meet the…
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NNPC, Chevron Complete Assets Conversion, Eye 165,000bpd Oil Production
The Nigerian National Petroleum Company Limited and its joint venture partner, Chevron Nigeria Ltd, have completed the conversion of five…
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188 Oil Theft Cases Recorded In One Week – NNPC
The Nigerian National Petroleum Company Limited has disclosed that 188 incidents of oil theft were recorded in the past week.…
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Gas Production Nears 12 Billion Cubic Feet/Day – FG
Gas production in Nigeria is growing from 7.5 billion cubic feet per day and is inching to 12 bcf…
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NNPCL May Stop Petrol Import As Depots Price Nears N1,000/ltr
The pump prices of Premium Motor Spirit, popularly known as petrol, may rise above N1,000/litre in filling stations as the…
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Dangote Refinery Presents First Petrol Sample, Says Product For Nigerians, Africans
The President of Dangote Group, Aliko Dangote, has presented the first sample of Premium Motor Spirit, otherwise known as…
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Petrol Scarcity Set To Worsen As NNPCL Admits $6bn Debt
There are indications that the pump price of premium motor spirit, popularly known as petrol, may rise in filling stations…
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FG, States Raise N100bn For Meter Procurement
The Federal Government and the states have raised N100bn for the procurement of prepaid electricity meters. Minister of Power,…
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FG Plans Intervention As Cooking Gas Hits N1,300/kg
The Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, says the Federal Government would do everything it could to…
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NNPC Begins Natural Gas Export To Japan, China
The Nigerian National Petroleum Company Limited has commenced shipment of Liquefied Natural Gas cargoes to Japan and China on a…
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FG To Shut Errant Filling Stations As Petrol Hits N1,000/litre
Many filling stations operated by independent oil marketers have now fixed the pump prices of Premium Motor Spirit, popularly called…
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NNPC Has No Funds To Fix Old Pipelines – FG
The Federal Government has declared that the Nigerian National Petroleum Company Limited does not have the funds required to rebuild…
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Oando Acquires Agip Oil For $783m
Oando Plc has acquired a 100 per cent stake in the Nigerian Agip Oil Company from Italian energy firm, Eni,…
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NUPRC Allays Job Losses As IOCs Divest
The Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission, Gbenga Komolafe, has allayed the fear of job loss…
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Dangote Refinery Reduces Crude Imports From US
The Dangote Petroleum Refinery is reducing its importation of crude from the United States, taking more of Nigeria’s oil for…
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Togo, Benin Owe Nigeria $14m For Electricity – FG
None of the four international bilateral customers being supplied by the power generation companies in the Nigerian electricity supply industry…
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Port Harcourt, Warri Depots Receive Petrol As Queues Linger
The Nigerian National Petroleum Company Limited has supplied Premium Motor Spirit, popularly called petrol, to the Port Harcourt and Warri…
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