OIL & GAS
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Senate demands probe of $18bn NLNG dividend to NNPC
The Senate on Wednesday directed the Accountant General of the Federation, Mr Ahmed Idris, to investigate the $18.32bn which the…
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We’re spending $6.15bn funding on power sector reform – Minister
The Federal Government has so far secured a total of $6.15bn (about N2.37tn) funding for the power sector and is…
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Domestic gas consumption gets a boost as NPDC completes gas plant
The Nigerian National Petroleum Corporation (NNPC) on Wednesday said it would reduce importation of Liquefied Petroleum Gas (LPG) into the…
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Power generation sinks to 3,356MW after new 5,420.30MW peak
Power generation in the country fell to 3,356 megawatts on Thursday less than two days after a new peak of…
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SPE asks FG to sell idle refineries to private operators
…Says country lost N120b operating idle facilities The Society of Petroleum Engineers (SPE), has urged economic managers to sell Idle…
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NPDC planning 500,000 barrel of crude oil per day –Kyari
Group Managing Director of the Nigeria National Petroleum Corporation, Mele Kyari, has assured that the Nigeria Petroleum Development Company will…
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Oil exploration suffers setback as Nigeria’s rigs fall 33%
With many oil and gas companies struggling to stay afloat amid the current market situation, exploration activity in the country…
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Oil, gas stocks record N56bn loss in one month
Oil and gas firms listed on the main and premium boards of the nation’s equity market reported a loss of…
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Siemens deal’ll provide 3,800 power, transformers – FG
A total of 3,800 power and distribution transformers are to be installed across the country based on the deal between…
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PENGASSAN, NUPENG suspend strike
Members of Nigeria’s major labour unions in the oil and gas sector have suspended the strike they embarked upon in…
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Six power plants shut in 35 hours, generation slumps
NERC warns Discos against load rejection Six of the nation’s power plants were shut down between 8:15pm on Thursday and…
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$70 oil price required to sustain budget –FG
The Minister of State for Petroleum Resources, Timipre Sylva, has said the country needs an oil price of $70 per…
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IPPIS: PENGASSAN, NUPENG threaten to shut down oil operations
Senior oil workers under the aegis of the Petroleum and Natural Gas Senior Staff Association and the Nigeria Union of…
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NCDMB, NLNG to drive Brass shipyard project, commence feasibility study
The Federal Government has commenced a feasibility study for the construction of a shipyard in Brass Island, Bayelsa State, which…
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Petrol supply disruption imminent as PENGASSAN begins strike
Members of the Petroleum and Natural Gas Senior Staff Association of Nigeria in the Federal Ministry of Petroleum Resources and…
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Petrol imports tumble 72.65% as COVID-19 hits demand
Amid the general gloom that the economy has suffered as a result of coronavirus pandemic, the volume of petrol imported…
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Lagos fuel tanker drivers suspend strike
The Nigeria Union of Petroleum and Natural Gas Workers said on Monday that the strike embarked on by the Petroleum…
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Oil rises above $45, OPEC+ cut compliance dips
The international oil benchmark, Brent crude, rose above $45 per barrel on Monday, supported by an improvement in Chinese factory…
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4.36 million oil barrels lost to power outage, others – NNPC
No fewer than 14 crude oil export terminals in the country were shut down in April and May this year…
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Nigerians spent N2.37tn on petrol in 13 months – NNPC
In 13 months, Nigerians spent N2.37tn on petrol imported into the country by the Nigerian National Petroleum Corporation, data released…
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