OIL & GAS
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OML 128: Shell, ExxonMobil end lawsuits against NNPC
Four major international oil companies operating in Nigeria are to withdraw their multi-billion dollar lawsuits against the Nigerian National Petroleum…
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TotalEnergies shifts drilling on Egina, Akpo to December
TotalEnergies has said it will start a major drilling campaign on Egina and Akpo oil fields in December. With 200,000…
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Nigeria recovers N86.2bn stolen oil in one month
Different government security outfits operating across the country have recovered stolen oil worth N86.2bn in August, according to The Punch’s…
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Striking workers crashed power generation to 43MW – FG
The recent one-day strike by workers of the Transmission Company of Nigeria crashed Nigeria’s power generation from a peak of…
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FG concludes takeover of four DisCos
…inaugurates new electricity mgt board The Federal Government has completed the takeover of four electricity distribution companies and constituted…
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Iran Deal Could Help Relieve Tight Global Oil Market
Millions of barrels of oil are reportedly about to flood global markets as a result of Europe’s desperate attempt to…
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Oil Market Faces High Risk Of Possible Supply Squeeze Says OPEC
The Secretary General of the Organization of Petroleum Exporting Countries, OPEC, Secretary-General Haitham Al-Ghais, has seen the global oil markets…
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Levene Energy Development Limited Joins African Energy Week (AEW) 2022 As bronze sponsor
Africa’s premier event for the energy sector, African Energy Week (AEW), taking place from October 18-21 in Cape Town,…
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BudgIT Demands Petrol Subsidy Removal, Implementation Of PIA
BudgIT has observed that the current cost of petroleum subsidy is impacting heavily on the revenue of Government and has…
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Govs raise concerns over NNPC ownership
State governors, on Thursday, raised concerns regarding the ownership of the new Nigerian National Petroleum Company Limited, its assets and…
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Eterna to deepen gas utilisation in Nigeria
Eterna PLC, an integrated energy provider in the country, says it is investing in the deployment of Liquefied Petroleum Gas…
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Electricity workers call off strike, businesses count losses
Businesses and other power consumers were thrown into darkness on Wednesday as the industrial action embarked upon by electricity workers,…
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Power generation falls by 503MW, workers threaten strike
Nigeria’s power generation dropped by 502.7 megawatts on Tuesday as members of the National Union of Electricity Employees and…
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Shell confirms spill, discharges oil into Ogoni
The Shell Petroleum Development Company has discharged five barrels of crude oil from its Trans Niger Pipeline into Bodo…
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Power intervention fund jumps to N2.9trn
The Federal Government’s intervention fund to the electricity distribution companies has risen to N2.9trn, from N2trn recorded as of…
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Fuel subsidy hits N1.593tn, refinery rehabilitation gulps N54.66bn
Latest data on the amount spent in subsidising Premium Motor Spirit, popularly called petrol, seen in Abuja on Monday showed…
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Cooking gas price jumps 105% in 12 months
The average retail price for refilling a 5kg cylinder of Liquefied Petroleum Gas (cooking gas) increased by 105 per…
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FG to auction gas flare sites via bids
The Federal Government on Sunday announced that it was carrying out a study to identify suitable gas flare sites…
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NLNG Denies $1.2b Crude Oil, Gas Theft
The Nigeria Liquefied and Natural Gas (NLNG), has refuted an online publication by a newspaper (not The Nation) alleging the…
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NLNG Gas Deliveries In Line With Regulatory Requirements- Management
The Nigerian Liquified Natural Gas Limited, NLNG, has explained that its products deliveries from its Bonny Terminal in Rivers State,…
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