OIL & GAS
-
Construction Begins At Midoil refinery
Midoil Refining and Petrochemicals Company Limited has finally performed the turning of sod ceremony, marking the commencement of construction…
Read More » -
Discos Rake In N291bn Amid Power Sector Crisis
The electricity distribution companies in Nigeria generated revenue of N291.62bn in the first quarter of 2024 amid the blackout in…
Read More » -
Oil Earnings Rose By N91bn In June – FG
The marginal rise in crude oil production in June 2024 increased Nigeria’s earnings from crude oil sales by about N91bn…
Read More » -
Buy Me Out, Dangote Offers To Sell Refinery To NNPC
The President of Dangote Group, Aliko Dangote, has made an offer to sell the Dangote Refinery to the Nigerian…
Read More » -
IOCs Still Causing Crude Supply Crisis, Dangote Refinery Cries Out
The Management of Dangote Industries Limited has insisted that the international oil companies are still frustrating crude supply to…
Read More » -
Tribunal Orders NLNG To Pay FIRS Over $27m
The Tax Appeal Tribunal has ordered Nigeria Liquefied Natural Gas Limited to pay the Federal Inland Revenue Service the sum…
Read More » -
Marketers Await Dangote Petrol, Say No Price Deal Yet
Oil marketers are awaiting the release of Premium Motor Spirit, popularly called petrol, from the Dangote Petroleum Refinery, as…
Read More » -
P’Harcourt Refinery Undergoes Licensing, Minister Defends Rehabilitation Exercise
The Port Harcourt Refining Company is currently undergoing various licensing processes following the supply of crude to the plant…
Read More » -
Nigeria Set To Become Net Fuel Exporter By December – NNPCL
The Group Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari, has said Nigeria will be a…
Read More » -
Blackout: NERC Rolls Out Tough Sanctions Against Discos
The Nigerian Electricity Regulatory Commission has rolled out touch sanctions against Discos that commit infractions capable of inflicting pain on…
Read More » -
Fuel Crisis Lingers As NNPC Seeks Fresh $2bn Crude-Backed Loan
The Nigerian National Petroleum Company Limited is in talks for another oil-backed loan to boost its finances and allow investment…
Read More » -
CNG 40% Cheaper Than Petrol, 100 Stations Coming – NNPC
The use of Compressed Natural Gas in automobiles is 40 per cent cheaper than using Premium Motor Spirit, popularly called…
Read More » -
NNPC Disagrees As Report Puts Petrol Debt At $6Bn
Nigeria’s debt to suppliers of Premium Motor Spirit, popularly called petrol, has surpassed $6bn, doubling what it was since early…
Read More » -
Shell, Ardova Recommit To Energy Sector Productivity
In a bid to boost energy sector productivity, Shell International has partnered with Ardova Plc to launch the inaugural Power…
Read More » -
NNPC Probes Lubricants-For-Petrol Incident At Filling Station
The Nigerian National Petroleum Company Limited, on Sunday, said it has commenced investigations into the incident where an attendant in…
Read More » -
CNG Conversion: FG Offers N750,000 Subsidy Per Transporter
The Federal Government, on Thursday, met with transporters and stakeholders in the transportation sector in a bid to accelerate the…
Read More » -
FG Meets Local Refiners Over Pricing, Faults Dangote
The Federal Government, on Tuesday, declared that there was no importation of dirty fuel into Nigeria, countering the recent position…
Read More » -
Airline Operators Confirm Reduction In JetA1 Price
Following the start of operations at the Dangote refinery, the Airlines Operators of Nigeria has confirmed a reduction in the…
Read More » -
How To Unlock Oil Assets Via NUPRC’s Innovation In Bidding Process
Before now, high signature bonus was the determinant factor in Nigeria’s oil bidding process and this had hindered early…
Read More » -
Caverton Offshore Loss Worsens To N12bn
Caverton Offshore Support Group Plc has seen its loss after tax worsen by about 146.79 per cent to N12.75bn at…
Read More »