Category: Oil and Gas

Gas consumption to decline over Russia, Ukraine war – Report

Gas consumption will contract slightly this year due to high prices and Russian cuts to...

Nigeria’s crude oil output drops below expectation – Report

A financial service company, Vetiva, has decried that Nigeria’s crude oil output has fallen below...

NNPC, Sahara to build jetties to boost cooking gas supply

The Nigerian National Petroleum Company Limited and Sahara Group, through their joint venture business, WAGL...

FG spends N40.1bn daily as fuel subsidy hits N600 per litre – Operators

Oil operators on Sunday revealed that the Federal Government spends N40.1bn daily when subsidising every...

Petrol price rose to N173.08 in May –NBS

The National Bureau of Statistics says the average retail price paid by consumers for Premium...

Abuja queues: Buhari increases freight rate for fuel transporters

In a bid to clear the persistent fuel queues by motorists in parts of the...

FG studying UK ruling over oil fraud – Minister

The Minister of Information and Culture, Lai Mohammed, said on Wednesday that the Federal Government...

Diesel price to hit N1,500 in two weeks – Marketers

The pump price of diesel is projected to reach N1,500 from the current N800 within...

Nigeria repays five oil firms’ $3.7bn debt, owes $972m Okechukwu Nnodim

Latest updates on Nigeria’s cash call arrears repayment showed that the country had so far...

Energy transition: Natural gas remains Nigeria’s best option – FG

The Minister of State for Petroleum Resources, Chief Timiprye Sylva said natural gas remains the...

Firm prepares fresh investment in oil, gas sector

Solewant Group says it is now entering the next phase of its extensive development through...

Motorists slam FG, NNPC as fuel queues hit Abuja again

Fuel queues returned to the Federal Capital Territory on Thursday as motorists spent hours at...

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