OIL & GAS

Aregbesola canvasses gas-powered vehicles to reduce fuel subsidy

  The Minister of Interior, Rauf Aregbesola, has said Nigeria needs to shift from petroleum-powered vehicles to gas-powered ones if…

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NNPC releases additional 381.8 million litres of fuel, queues lessen

  The scarcity of Premium Motor Spirit, popularly called petrol, has refused to abate despite claims by the Nigerian National…

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‘Shell, Exxon Mobil not leaving Nigeria’

AMIDST speculations that Shell Petroleum Development Company will exit the Nigerian market, the Ministry of Interior Affairs has said Shell…

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Modular refineries can’t refine fuel due to price regulation – NNPC

• OPEC increases Nigeria’s oil production quota as Brent hits $111/barrel The Nigerian National Petroleum Company Limited on Wednesday explained…

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NNPC vows to increase production as Brent crosses $105/barrel

BRENT, the crude against which Nigeria’s oil is priced, crossed the $105/barrel price on Tuesday, as it rose to the…

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NNPC confirms IOCs exit, insists on gas development

The Nigerian National Petroleum Company Limited on Monday insisted that it would continue to develop Nigeria’s gas resources despite the…

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Reps grill oil firms over dirty fuel imports, may summon NNPC again

The House of Representatives’ Committee on Petroleum Resources (Downstream), on Tuesday, grilled two of the four contractors engaged by the…

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NNPC begins trans-shipment charges, depot owners raise fuel price

The Nigerian National Petroleum Company Limited has introduced a N500,000 Ship-to-Ship Coordination Charge for each transshipment operation for Premium Motor…

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FG admits inspection failure caused dirty fuel imports, prices soar in states

  The scarcity of Premium Motor Spirit, popularly called petrol, which has lingered for about two weeks, is not due…

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24 solar mini-grids’ll be deployed this year – FG

  About 24 solar mini-grids are to be deployed this year under the Mini-Grid/Interconnected Mini-Grid Acceleration Scheme, also known as…

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How we rejected five cargoes of adulterated petrol – NNPC

The Nigerian National Petroleum Company Limited, on Wednesday, disclosed how five cargoes containing ethanol-laden Premium Motor Spirit (petrol) were rejected…

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2,500bpd modular refinery, 5MW power plant set to go live in Edo

Barring any last-minute changes, a 2,500 barrel per day (bpd) modular refinery, five megawatts power plant, 40-million-scf gas processing facility,…

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Fuel sells for N400/litre in Abuja, others, scarcity persists in Lagos

• Marketers still struggling to return adulterated petrol to NNPC Residents of Abuja and neighbouring states of Niger and Nasarawa…

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Reps seek probe into Delta oil platform explosion

The House of Representatives, on Wednesday, called on the Federal Government, through the Federal Ministry of Petroleum Resources, to investigate…

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NUPENG threatens strike, alleges FG fails to fix 21 highways

The Petroleum Tanker Drivers branch of the Nigeria Union of Petroleum and Natural Gas workers on Wednesday threatened to begin…

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‘Investment in solar production key to bridging grid supply gaps’

As grid supply remains inadequate to meet domestic demand for electricity, the Senior Policy Advisor, Solar Power Europe, Miguel Herrero…

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Lagos filling stations shut, queues persist in Abuja, others

Many filling stations were shut on Monday and this led to queues by motorists in the few outlets that dispensed…

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FG’s autogas programme seen having little impact on petrol subsidy

As part of its plans to mitigate the effects of removing petrol subsidies, the Federal Government is seeking to convert…

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As Nigerians debate subsidy, world’s first liquefied hydrogen cargo sails to Japan

The dawn of liquefied hydrogen is underway as the first shipment of the super-chilled fuel has left Australia for the…

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Refineries rehabilitation gulped N100bn in 2021, says NNPC

The Nigerian National Petroleum Company Limited has said it spent N100bn on refineries’ rehabilitation in 2021 and that funds were…

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