OIL & GAS
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Nigeria targets 10,000MW of electricity from $3bn interventions
The Federal Government, yesterday in Abuja, said 10 Gigawatts (10,000MW) of electricity is feasible from an investment of $3 billion…
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NEITI Board Vows To Intensify Oil Revenue Drive
The transparency of the Federal Government in the oil, gas and mining industries is irrevocable, the President, Major General Muhammadu…
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Cooking Gas Price Soars To N500/Kg, Retailers, Consumers Lament
The price of Liquefied Petroleum Gas, also known as cooking gas, has skyrocketed to a record high of N500 per…
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Oil price rises to $72 after hitting record low
Oil prices rose on Wednesday, extending gains from the previous session as improved risk appetite provided support despite data showing…
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Nigeria lost N53.26bn to gas flaring in two months – NNPC
Nigeria lost an estimated N53.26bn in the first two months of this year as international oil companies and local players…
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OPEC Agreement: Nigeria To Raise Oil Production
Nigeria is to ramp up crude oil production following the agreement reached by members and allies of the Organisation of…
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Port Harcourt refinery’ll deliver refined products September 2022 – NNPC
The $1.5bn rehabilitation of the Port Harcourt Refining Company has commenced in full and part of the facility will start…
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Power Generation Falls Below 4,000MW Amid Gas, Trasmission Problems
Power generation in Nigeria dropped below the 4,000 megawatts mark on Tuesday amid the Eid-el-Kabir celebration. The total generation in…
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Nigeria’s Sweet Crude Bullish At $75 Despite Oil Prices Crashing To $69
The decision by the Organisation of Oil Exporting Countries (OPEC) to pump 400,000 barrels per day of crude oil into…
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China Connects 1,980km Oil Pipeline From Niger To Benin Republic
Nigeria may have lost out on a multi-billion dollar oil pipeline contract following the decision of Chinese investor to move…
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PIB: Marketers, TUC Disagree With Senate On Fuel Imports
Fuel marketers and the Trade Union Congress of Nigeria, on Tuesday, expressed their opposition to a provision in the Senate…
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Petrol Subsidy Ends After Buhari Signs PIB – Minister
The assent of the Petroleum Industry Bill by the President, Major General Muhammadu Buhari (retd.), will put an end to…
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FG Halts Refineries’ Privatisation, Says Ajaokuta Steel Problem Complex
The Federal Government has halted its plan to privatise Nigeria’s refineries following demands by the Nigerian National Petroleum Corporation to…
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Experts Kick As PIB Restricts Petroleum Product Import To Refinery Owners
• Loopholes unsettle operators as PIB harmonisation committee meets today • Concerns rise over looming duopoly on importation of petrol,…
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Nigeria’s Production Output Drops To 1.48mbpd In June Despite Rally
Despite rising oil prices and opportunities for improved earnings, Nigeria’s capacity to take advantage of the rally remains undermined by…
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Diesel price surges to N290/litre as crude rises to $74.27
The price of a litre of Automotive Gas Oil, also known as diesel, has maintained an upward trend as it…
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Reps move to earmark 5% electricity revenue for host communities
The House of Representatives, yesterday, resolved to reserve five per cent of revenues accruing from power generated from power generating…
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How NNPC, partners attracted $32bn investment in two years
Stakeholders seek leeway, return to profitability The Nigerian National Petroleum Corporation (NNPC), some multinationals and local partners have in the…
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Available Power Generation Capacity Plunges By 3,000MW – Gencos
Power generation companies on Wednesday declared that the country’s available electricity capacity had dropped by about 3,000 megawatts. Executive Secretary,…
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Calls To Discontinue Oil, Gas Investments Dangerous -OPEC
The Organisation of Petroleum Exporting Countries on Tuesday kicked against calls for the discontinuation of investments in the oil and…
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