OIL & GAS
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Nigeria Loses N101bn Worth Of Oil, Says OPEC
Nigeria’s crude oil production plunged by 2.3 million barrels in July 2022 when compared to what the country produced in…
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Why we adopted global MOU model – NLNG
The Nigeria Liquefied Natural Gas has explained that it adopted the Global Memorandum of Understanding model for easy empowerment of…
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Nigeria can’t benefit from oil boom, says NECA
The Nigeria Employers Consultative Association has said that the burgeoning cost of subsidy on petroleum products is the reason Nigeria…
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Nigeria loses N891bn to gas flaring
Nigeria lost N891bn to gas flaring in 18 months, according to data from the Nigerian Oil Spill Monitor, an…
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TotalEnergies wants cut in projects contracting circle
Nigeria has been advised to cut down on project contracting circle as one of the ways to ramp up investments…
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Nigeria secures $1.5bn US-backed loan for solar projects
Nigeria has secured a $1.5 bn loan facility from the US-EXIM Bank to deliver solar power infrastructure in 10…
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Oil price falls, OPEC raises Nigeria’s production quota
The Organisation of Petroleum Exporting Countries on Wednesday raised Nigeria’s crude oil production quota for September 2022 to 1.83 million…
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NNPC sells N147bn petrol, diesel in one month
The Nigerian National Petroleum Company Limited on Wednesday said it made N147.36bn from the sale of petrol and diesel…
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Kerosene hits over N800/litre, Nigerians face hard times
The price of kerosene used by several families have jumped to N800 per litre just as the market is beginning…
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We didn’t increase petrol price, marketers did –FG
The Federal Government on Monday insisted that it had not raised the pump price of Premium Motor Spirit, popularly called…
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Upstream future promising, says FG
The Federal Government has assured that the future of Nigeria’s upstream oil and gas is promising but requires the…
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NNPC remits $2.7bn to CBN in six months
The Nigerian National Petroleum Company Limited remitted a total of N2.7bn into its accounts with the Central Bank of…
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FG failed to provide N100bn electricity subsidy – Discos
Electricity distribution companies on Sunday reacted officially to the takeover/restructuring of five Discos by the Federal Government through the…
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Sahara Group canvasses seamless energy transition in Africa
Sahara Group said on Sunday that the 2022 Nigeria Annual International Conference and Exhibition of the Society of Petroleum Engineers…
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Addax workers begin strike, oil production sheds 22,000bpd
Workers of Addax Petroleum Development Nigeria have embarked on strike in protest against anti-labour practices by the firm, causing…
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Subsidy probe: Reps say 23 oil firms unknown
The House of Representatives’ Ad Hoc Committee to Investigate the Petroleum Products Subsidy Regime from 2013 to 2021 has said…
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Bad politics stalled Ogun’s oil-producing quest — Daniel
A former Governor of Ogun State, Gbenga Daniel, on Tuesday, said bad politics was responsible for the state’s failure…
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Petroleum Act won’t stop IOCs’ Nigeria divestments – RMAFC
The Petroleum Industry Act 2021 may not stop the trend of divestments by international oil companies operating in the…
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FG shuts oil firm over illegal offshore operations
THE Federal Government has shut down Scorpion Oil Services for carrying out offshore operations without approval and also violating the…
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Wealthy Nigerians smuggling Jet-A1 to W’Africa – Senate panel
The lawmaker representing Kogi West Senatorial District and the Chairman of the Senate Aviation Committee, Senator Smart Adeyemi, has said…
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