OIL & GAS
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Nigeria To End Kerosene Lighting By 2030, Says Buhari
President Muhammadu Buhari has restated Nigeria’s commitment to a safer global climate, listing the country’s updated Nationally Determined Contribution (NDC)…
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Abuja queues: Buhari approves freight rate increase for fuel transporters
In a bid to clear the persistent fuel queues by motorists in parts of the country, the President, Major…
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Bayelsa women demand inclusion in oil spill compensation benefits
Community women leaders in Bayelsa State have demanded the inclusion of women as beneficiaries of the benefits that accrue from…
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Mining society confirms gas reservoir in Enugu
The Nigerian Mining and Geosciences Society has confirmed the presence of a gas reservoir in Amorji Nike, Enugu State, and…
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NNPC supplies 1.523bn litres of fuel in three weeks, Abuja queues persist
Latest updates on the evacuation of Premium Motor Spirit, popularly called petrol, by the Nigerian National Petroleum Company Limited show…
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Diesel price may hit N1,500/litre, 75% filling stations closed – Marketers
About 75 per cent of filling stations across the country are currently out of business due to their inability to…
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Crude Prices Maintains Upward Trajectory To $123/b
Crude oil price rose to $123.7 per barrel on Thursday, following higher demand for the black liquid as a result…
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Nigeria Issues Guidelines To Promote Oil & Gas Insurance Oversight
The National Insurance Commission (NAICOM) and the Nigerian Content Development and Monitoring Board (NCDMB) have officially launched guidelines on Submission…
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‘Nigeria Must Address Inflation, FX Challenges to Drive Renewable Energy’
Nigeria’s target of upscaling renewable energy adoption to address the huge electricity deficit and mitigate climate challenges may become…
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FG to sanction oil companies over law violation
The Federal Government has said it will sanction oil and gas companies that fail to comply with the Human Capacity…
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Power plant explosion plunges Ogun communities into darkness
Many communities in Ogun State have been thrown into another round of blackout following a reported explosion of the…
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NNPC to pay N874bn in June as subsidy hits N1.82tn
Operators in the oil and gas sector as well as other stakeholders are uncomfortable with the continued rise in…
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Shell to Receive Two Final Bids for Proposed Sale of Nigeria Oilfields This Week
•Set to retain deepwater , gas production operations •Seplat, Sahara Group withdraw non-binding offers Shell Plc is set to receive…
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NBS: Despite Unstable Power, Discos Raked in N2.4tn in Six Years
The Electricity Distribution Companies (Discos) raked in a total of N2.4 trillion as revenue between 2015 and 2020, the National…
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Crude oil exports jump by 194%, hit N5.6tn in three months
Amid increasing calls for diversification of the economy, Nigeria’s crude oil exports jumped to N5.6trn in the first quarter of…
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Nigeria needs affordable, sustainable energy resources – Minister
The Minister of State for Petroleum Resources, Timipre Sylva, has said that Nigeria needs affordable, reliable, and sustainable energy…
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20 power plants suffer major problems, blackouts to worsen
Following the perennial power outages currently being experienced across the country; findings have shown that 20 gas power plants…
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NAPE warns firms against engaging quacks in drilling activities
The Nigerian Association of Petroleum Explorationists (NAPE) has urged organizations and individuals, who engage services of water well drilling companies…
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Nigeria, Canada to Strengthen Bilateral Ties
The Canadian government has announced plans to strengthen its trade relationship with Nigeria in its bid to boost both…
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OPEC increases Nigeria’s production quota to 1.799mbpd for July
The Organization of the Petroleum Exporting Countries (OPEC) has raised Nigeria’s oil production quota from the 1.772 million barrels per day…
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