OIL & GAS
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Hunger Protests: Marketers Stop Fuel Supply, Queues Resurface
Oil marketers have explained that the reappearance of queues at filling stations in many states is because of the halt…
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Tinubu Orders Naira Crude Sale, Marketers Project Price Crash
The approval given by President Bola Tinubu for the sale of crude oil to the Dangote Petroleum Refinery in…
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Filling Stations Shut, Queues Persist As Depots Ration Fuel
Many filling stations were shut in several states as the queues for Premium Motor Spirit, popularly called petrol, continued on…
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Crude Supply: N’Assembly Probes $10bn Oil Theft, Summons NNPC, Dangote
Between January and July 2024, Nigeria lost an average of 437,000 barrels of crude oil daily, worth about $10bn…
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FG Warns IOCs Against Disregarding Gas Flare Directives
The Federal Government, on Wednesday, warned International Oil Companies operating in Nigeria to desist from disregarding gas flare directives…
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Construction Begins At Midoil refinery
Midoil Refining and Petrochemicals Company Limited has finally performed the turning of sod ceremony, marking the commencement of construction…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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