OIL & GAS
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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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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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