OIL & GAS
-
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 » -
FG Begins N2.7tn Subsidy Debt Probe, Enlists Auditor General
The Federal Government has begun the proposed audit of the N2.7tn fuel subsidy claim by the Nigerian National Petroleum…
Read More » -
5kg Cooking Gas Sold At N7,418 In May – NBS
The National Bureau of Statistics has said the average price of 5kg cooking gas increased from N6,521.58 recorded in April…
Read More » -
Petrol Price Rose To 223%, Sold At ₦770 Per Litre In May – NBS
The average price of Premium Motor Spirit (PMS), also known as petrol, rose by 223.21 per cent to approximately ₦770…
Read More » -
NNPC Withdraws Suit Against ExxonMobil, Seplat $1.28bn Deal
The Nigerian National Petroleum Company Limited has applied to a High Court of the Federal Capital Territory, Abuja, to stop…
Read More » -
Post-Subsidy PMS Import Costs Rise By 31% –Report
Nigeria’s cost of petrol importation has continued to rise despite an almost 50 per cent drop in the nation’s consumption…
Read More » -
Marketers Register With Dangote Refinery Ahead Of Loading
As Nigerians expect premium motor spirit from the Dangote Petrochemical Refinery this month, petroleum marketers have started registering with the…
Read More » -
Cooking Gas Export Ban Crashed Domestic Price – Marketers
The Federal Government’s ban on the export of Liquefied Petroleum Gas, popularly called cooking gas, has led to a crash…
Read More » -
Petroleum Minister Inaugurates Delta Gas Facility
In a bid to reduce the rate of gas flaring in the Niger Delta region, the Minister of State for…
Read More » -
Crude Supply Shortage: Foreign Investors May Dump 20 Modular Refineries
International financiers that are meant to fund the construction of about 20 modular refineries in Nigeria have withheld their…
Read More » -
Dangote Refinery Eyes 500,000 Barrel Production Capacity July
Barring any last-minute change in plan, the $20bn Dangote Oil Refinery would be listed on the Nigerian Stock Exchange by…
Read More » -
IOCs To Invest $20bn In Nigeria –FG
The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, on Monday, announced that about $16.6bn investments had been…
Read More » -
Electricity Subsidy Gulps N629bn As Discos Generate N1.1tn
The Federal Government spent N628.61bn as subsidy on electricity in 2023, as power distribution companies collected a total revenue of…
Read More » -
Oil Production Nears 1.7mbpd – NNPC
From 1.28 million barrels per day in April, the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited,…
Read More » -
Marketers Ordered To Open Pumps For CNG Vehicles
The Federal Government has concluded plans to ensure marketers open Compressed Natural Gas Pumps in filling stations across the country.…
Read More »