OIL & GAS
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NNPCL Denies Adjusting Fuel Pump Prices
The Nigerian National Petroleum Company Limited has denied claims that it has reduced the pump prices of petrol and diesel.…
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50% Of Shell’s Gas Flaring Occurred In Nigeria –Report
Gas flaring Oil and gas giant, Shell Plc, has said around 50 per cent of total routine and non-routine flaring…
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MIDOil To Build 100,000bpd Modular Refinery In Lagos
MIDOil Refining and Petrochemicals Company Limited has concluded plans to commence the construction of a 100,000 barrels per day modular…
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FID On $25bn Nigeria-Morocco Pipeline For Dec — Kyari
NNPCL GMD, Mele Kyari The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari has said…
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PH Refinery: Marketers Eye Fuel Price Reduction, Ready To Load
Port Harcourt Refinery he Independent Petroleum Marketers Association of Nigeria and the Major Energy Marketers Association of Nigeria have projected…
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Nigeria’s Functional Oil Drilling Rigs Rise To 16 – OPEC
The number of functional oil drilling rigs across the country increased marginally to 16 in February, data from the latest March…
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Oil Earnings Rise By N450bn In Two Months, Says FG
Crude oil earnings by the Federal Government increased by about N449.93bn in the months of December 2023 and January 2024,…
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Alleged N1.2bn Fraud Leads to Suspension of REA Boss and Directors by Tinubu
Ahmad Salihijo President Bola Tinubu has indefinitely suspended the Managing Director/Chief Executive Officer of the Rural Electrification Agency, Ahmad Salihijo,…
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Independent Marketers To Commence CNG Sales – Official
Members of the Independent Petroleum Marketers Association of Nigeria have disclosed they are in talks with the Federal Government to…
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High Tariff Barrier To Rural Electrification – Schneider Electric
A Power Transmission System Schneider Electric has stated that high tariff remains a barrier to electricity usage in rural communities…
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Saudi Arabia, Russia, Others Cut 2.2 Million bpd
Oil worker Several members of the Organisation of the Petroleum Exporting Countries and its allies, OPEC+, have announced a voluntary…
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Discos Reject 1,769MW Of Electricity Amid Widespread Blackout
Despite the widespread blackout and the worsening state of electricity supply in Nigeria, the latest figures on the daily load…
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FG Pays $120m From Gas Debts As Blackout Spreads
The Federal Government has paid $120m out of the $1.3bn indebtedness to gas companies for the supply of gas to…
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FG Completes $700m Gas Pipeline In March After Eight Years
Minister of State for Petroleum, Ekperipke Ekpo The Federal Government, on Tuesday, announced that the $700m Obiafu/Obrikom/Oben gas pipeline, popularly…
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Dangote, PH Refineries Face Crude Shortage Over Low Production – FG
The Minister of State Petroleum Resources (Oil), Heineken Lokpobiri, has said the newly inaugurated Dangote Petrochemical Refinery, Port Harcourt Refinery,…
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Nigeria Gets 60% Share Of Afreximbank’s $30bn Oil, Gas Funding
The African Export-Import Bank on Wednesday, disclosed that it has become the largest financier of oil and gas projects in…
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$496 Payment: Senate To Probe Ajaokuta Steel
Ajaokuta Steel The Senate on Tuesday resolved to probe the affairs of Ajaokuta Steel Company Limited and the National Ore…
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Senate Rejects Electricity Tariff Hike, Probes N2tn Subsidy
The Senate has kicked against plans by the Ministry of Power to approve the proposed hikes in electricity tariff by…
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Oil Dealers Threaten Shutdown Over Forex Crisis
Oil and gas dealers in the country have declared that the harsh operating environment in the downstream oil sector has…
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Nigeria’s Active Oil Rigs Rise To 30, Says NUPRC
Komolafe, NUPRC CEO The Chief Executive Officer of the Nigerian Upstream Petroleum Regulatory Commission, Gbenga Komolafe, has disclosed that the…
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