OIL & GAS
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Seplat To Deliver 13 New Oil Wells In 2024
Seplat Energy Plc has announced its drilling program for 2024 with plans to deliver 13 new oil and gas…
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Nigerians Reject Electricity Tariff Cut, Demand Total Reversal
Nigerians on Monday rejected the Nigerian Electricity Regulatory Commission’s reduction of the tariff payable by Band A customers from N225/kWh…
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N200bn debt: IPMAN threatens closure of 30,000 filling stations
Oil dealers under the aegis of the Independent Petroleum Marketers Association of Nigeria, on Tuesday, declared that it would shut…
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Shell Will Complete $2.4bn Nigeria Assets Sale June – FG
The Federal Government on Monday commenced a due diligence meeting for the proposed $2.4bn asset sale by Shell to Renaissance…
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NNPC, Firm Partner To Raise P’Harcourt Refinery’s Capacity
Port Harcourt Refinery The Nigerian National Petroleum Company Limited has signed an agreement with the African Refinery Port Harcourt Limited…
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Dangote: Forex Shortage Delays Crude Supplies
Aliko Dangote Chinese state energy major, PetroChina, has been waiting to unload a cargo of United States crude at Nigeria’s…
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IOCs Insist On Dollar Payment For 80% Crude Sale
Oil worker To purchase crude oil, modular refineries are to now pay 80 per cent of the amount in the…
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Report Ranks Dangote Over Europe’s Big Refineries
Alhaji Aliko Dangote The Dangote refinery has been ranked above the 10 biggest refineries in Europe because of its capacity,…
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$500m Funds: Lokpobiri, Ex-local Content Boss Clash
Lokpobiri, Minister of State for Petroleum Petroleum Resources The face-off between the Minister of State for Petroleum Resources (Oil), Heineken…
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Dangote Drops Diesel To N940, Stations Sell N1,400
Oil marketers have continued to dispense Automotive Gas Oil, popularly called diesel, at a price between N1,350/litre and N1,450/litre in…
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FG Probes $500m Local Content Loans, Projects
Minister of State for Agriculture and Rural Development, Sen. Heineken Lokpobiri The Federal Government says it is reviewing loans and…
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Marketers Eye N700/litre Diesel After Dangote Price Cut
Aliko Dangote The Independent Petroleum Marketers Association of Nigeria says it is expecting that the Dangote refinery will reduce the…
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Marketers Visit PH Refinery, Plan Fuel Loading In May
Oil marketers have paid a visit to the Port Harcourt Refinery Company in Rivers State and have expressed optimism that…
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FG To Execute $3.8bn Gas Supply Agreement In May
Ekperipke Ekpo The Gas Supply and Purchase Agreement to support the Final Investment Decision for the $3.8bn Brass methanol project…
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Marketers Excited As Dangote Slashes Diesel Price To N1,000/litre
Aliko Dangote The Dangote Petroleum Refinery has listened to the calls of oil marketers as regards the reduction in the…
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DisCos Struggle To Satisfy Band A Customers Over Gas Shortage
Due to a gas shortage that has hindered generation since January, many electricity distribution companies have been finding it difficult to…
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Nigeria’s Oil Production Drops Again, Now 1.23mbpd – OPEC
Nigeria’s crude oil production witnessed the second consecutive monthly decline since the beginning of this year, as it dropped to…
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FG May Get $1bn Afreximbank Loan In May
Nigeria is set to receive a $1.05bn syndicated loan backed by oil from the African Import Export Bank next month.…
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Reps Pledge To Address Electricity Tariff Hike
The House of Representatives will intervene in the recent increase in electricity tariffs by the Nigerian Electricity Regulatory Commission upon…
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Electricity Tariff: Step-By-Step Guide On How To Know Your Feeder Band
The Nigerian Electricity Regulatory Commission on Wednesday approved an increase in electricity tariffs for customers under the Band A classification. The…
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