Category: Oil and Gas

Local refiners can crash fuel price to N300/litre – Operators

The operators of modular refineries have said that the pump price of Premium Motor Spirit,...

Foreign investors may dump 20 modular refineries amid crude shortage

International financiers that are meant to fund the construction of about 20 modular refineries in...

ExxonMobil waits for NNPCL to lift ban on Seplat/MNPU

ExxonMobil has said that it is awaiting the Nigerian National Petroleum Company Limited to lift...

Oando profit hits N74.7bn in unaudited 2023 financial report

Oando Plc has reported a 78.9% increase in revenues to N3.5 trillion in its unaudited...

NNPC launches major CNG plant in Lagos

The Federal Government has launched a Compressed Natural Gas plant with a capacity of 5.2...

Nigeria produced 159m barrels of oil in four months – NUPRC

The Nigerian Upstream Petroleum Regulatory Commission has revealed that Nigeria produced 159,158,191 barrels of crude...

Why Total snubbed Nigeria, picked Angola for $6bn energy project

The Chief Executive Officer of TotalEnergies, Patrick Pouyanne has expounded on why the company is...

NNPCL blames theft, vandalism, underinvestment for oil output decline

The Group Chief Executive Officer of Nigerian National Petroleum Company Limited, Mele Kyari, has attributed...

Nigeria’s crude oil production rise to 1.28m/b in April – OPEC

The Organization of Petroleum Exporting Countries monthly oil market report has revealed that Nigeria’s average...

Shell probes smoke near Bayelsa oil facility

Shell is investigating reports of smoke and explosions that occurred in the vicinity of its...

Nigerian crude dips to $86.5 per barrel as global demand weakens

Nigeria’s crude oil prices experienced a slight dip to $86.53 per barrel, while maintaining their...

9,000 marketers may lose licences – IPMAN

Over 9,000 oil marketing companies are in danger of losing their operating licences as Nigeria...