OIL & GAS
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NAPE Calls for Caution on Enugu Gas Leakage
The Nigerian Association of Petroleum Explorationists (NAPE) has called for caution regarding the recent gas leak and inferno which engulfed…
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Electricity tariff surge by 58% after N500bn subsidy suspension –Report
Findings have shown that electricity tariffs increased by 58 per cent after the Federal Government yanked off a yearly subsidy…
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Discos, Gencos, others’ revenue shortfall rises to N1.6tn
Total shortfall in the Nigerian power sector has reached N1.6trn in eight years, findings have shown. The Executive Director, Research…
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NLNG silent as gas marketers clash over consumers extortion
The Nigerian Liquefied Natural Gas Limited has remained silent in the face of current altercation between gas marketers over price.…
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Shell Issues Tender For 120,000Bpd Bonga North Asset Development
Shell has issued three engineering, procurement and construction (EPC) tenders for companies to participate in the 120,000 barrel per day…
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NCDMB lauds Temile/Hyundai deal to build new LPG vessel
The Nigerian Content Development and Monitoring Board (NCDMB) have lauded the signing of an agreement between an indigenous shipping company,…
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Oil marketers seek investments in new trucks
Clement Isong, Executive Secretary of the Major Oil Marketers of Nigeria, on Tuesday, called for investments in new trucks. He…
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Cooking gas demand crashes amid rising prices, marketers groan
Demand for Liquefied Natural Gas (LPG) popularly known as cooking has dropped to a record low across the country, media…
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Stop oil exploration in N’Delta, group tells Shell
In an effort to put an end to environmental pollution in the Niger Delta region, a group under the auspices…
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FG projects $289bn local refining in five years
The Federal Government has said it is targeting local refining of over 2.555 billion barrels of crude oil worth over…
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NNPC, Sahara Group invest $300m in two gas carriers
The Nigerian National Petroleum Company Limited (NNPC) and Sahara Group, on Monday, took delivery of two 23,000 CBM Liquefied…
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Army Arrests 18 Suspected Oil Thieves, Destroys 167 Illegal Refineries
The Defence Headquarters of the Nigerian Army has disclosed that its troops on Operation Delta Safe and Operation Dakatar…
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Marketers, EFCC partner to curb oil theft in Niger Delta
The Independent Petroleum Marketers Association of Nigeria has sought the support and intervention of the Economic and Financial Crimes Commission…
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No hike in electricity tariffs – NERC
The Nigerian Electricity Regulatory Commission, NERC has clarified that reviews do not automatically translate into an increase in electricity tariffs.…
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Lagos Free Zone, partners sign N10bn gas deal
The Lagos Free Zone has signed a gas contract worth over N10bn with Falcon Corporation, ND Western, and FHN consortium.…
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Refineries probe: Reps grill Sylva, Kyari today, say appearance compulsory
The House of Representatives’ Ad Hoc Committee on the State of Refineries in Nigeria has said it is compulsory…
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Fuel pump price jumps by 91% in six years –Report
The cost of fuel pump increased from N87 per litre as of December 2015 to N165.77 by December 2021, showing an…
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PENGASSAN moves to stop casualisation in oil industry
The Petroleum and Natural Gas Senior Staff Association of Nigeria says it will ensure that issues of casualisation in the…
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Oil production: Nigeria leads Q1 shortfall, World Bank cites sabotage
The World Bank has said Nigeria has the largest shortfall among oil-producing countries due to sabotage within the oil production…
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Discos reject 2,495.3MW in one week – Report
A total of 2,495.3 megawatts of electricity was not utilised nor distributed by power distribution companies in one week,…
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