Category: Oil and Gas

Global crude oil prices fall amid Venezuela political turmoil

Crude oil prices dipped on Sunday amid uncertainty over Venezuela following the Trump administration’s ouster...

Fuel subsidy removal saves Nigeria over N10tr annually — Senator

Nigeria is saving over N10 trillion annually following the removal of fuel subsidy by President...

US to take control of Venezuelan oil reserves, says Trump

United States President Donald Trump has said he would permit American oil companies to enter...

Agbese hails Tinubu, Ojulari over historic NNPCL debt relief

The Deputy Spokesperson of the House of Representatives, Hon. Philip Agbese, has commended President Bola...

NNPCL posts N502bn profit as petrol prices fall

The Nigerian National Petroleum Company Limited posted a profit after tax of N502bn in November...

Marketers lift diesel daily despite Port Harcourt refinery shutdown

Fuel marketers have confirmed that the Port Harcourt Refining Company has continued supplying diesel to...

Experts differ over NNPCL’s planned oil asset sale

Energy industry experts and stakeholders have expressed divergent views over reported plans by the Nigerian...

NNPCL restores Escravos–Lagos gas pipeline after explosion

The Nigerian National Petroleum Company Limited has restored the Escravos–Lagos Pipeline System to full operations,...

Tinubu writes off $1.42bn, N5.57tn NNPCL debts

President Bola Tinubu has approved the cancellation of a large portion of the debts owed...

Petrol price war will benefit Nigerians, says NNPCL boss

The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Bayo Ojulari, has...

Lagos gas infrastructure repair boosts power generation nationwide — NISO

The Nigerian Independent System Operator has announced an improvement in power generation nationwide following the...

PETROAN urges private sector takeover of state-owned refineries

The Petroleum Products Retail Outlets Owners Association of Nigeria has reiterated its call for the...