Category: Oil and Gas

FG’s 1,068 oil projects to generate $22.8bn investments

By Melvin Onwubuke   The Federal Government has announced that 1,068 oil and gas projects...

Dangote, PH refineries risk oil shortage due to poor production – FG

The country’s recently opened Dangote Petrochemical Refinery, Port Harcourt Refinery, Warri Refinery, and modular refineries...

Nigeria’s energy scarcity to end in 10 years – NNPCL

By Melvin Onwubuke   The Nigerian National Petroleum Company Limited has announced, the energy scarcity...

Army discovers stolen 1m litres crude oil in Rivers

The reservoir was discovered during a raid in Akwa-Odagwa in Rivers State, according to Brigadier...

Fuel import drops by 1bn liters in seven months – Report

The National Bureau of Statistics has revealed that following President Bola Tinubu’s removal of fuel...

SERAP gives NNPCL seven days to explain $2.04bn, N164bn missing oil income

The Nigerian National Petroleum Company Limited has been contacted by the Socio-Economic Rights and Accountability...

Nigeria petrol subsidy nears N1tn

By Melvin Onwubuke Petrol subsidy in Nigeria has reportedly returned and now higher than before...

CBN stops foreign oil corporations from sending all fx proceeds abroad

International oil companies who operate in Nigeria are no longer allowed to send 100% of...

Crude hits $83 as Nigeria’s export passes 1.4mbpd

Data from the Federal Government indicates Nigeria’s oil output surged to 1,426,574 barrels per day...

Nigeria to end gas flaring by 2030 – NUPRC

Preparations are in place by the Nigerian Upstream Petroleum Regulatory Commission to terminate gas flaring...

NNPCL debunks plans to increase fuel price

The Nigerian National Petroleum Company Ltd. has refuted reports that Premium Motor Spirit, also referred to...

Nigeria’s gas production rises 2.2% in Dec 2023

Nigeria’s gas output increased by 2.2% in December 2023 compared to November 2023, when the...

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