Category: Oil and Gas

Nigeria made $764bn from oil, gas sector 21 years – NEITI

Nigeria’s oil and gas industry brought in $764.52 billion from 1999 to 2021. This is...

WEOG urges govt to allow more investors into oil sector

The women in Energy, Oil and Gas, Delta State Chapter, has called on the federal government...

Nigeria’s efforts to curb gas flaring stalled since 2015 – Report

The intensity of gas flaring in Nigeria has not changed since 2015 according to the International...

How Nigeria-Dubai non-oil trade hit $2.1bn in 2022 – Report

The President of the Dubai Chamber, Mohammed Lootah, has stated that the bilateral commerce between Nigeria and...

How DHQ recovered stolen 500k litres of crude oil one week

The Defence headquarters has stated that it recovered almost 500,000 gallons of stolen crude oil in...

Brent crude drops to $78 after OPEC meeting postponement

A barrel of Brent crude dropped to $78 after the Organisation of Petroleum Exporting Countries declared...

Seplat to construct $250m gas plant in Delta

Seplat PLC’s Director of New Energy, Mr. Effiong Okon, has revealed the company’s intentions to...

Why oil marketers claim NNPCL has monopoly over PIA 

Oil marketers have questioned Nigerian National Petroleum Company Limited’s dominance in petrol importation, claiming that...

Oil surge over 2% as Iraq backs OPEC production restrictions

Oil rose over 2% on Friday as Iraq expressed support for output restrictions ahead of...

Oil sector gained zero foreign investment in Q2 – NBS

National Bureau of Statistics has stated that the country’s oil and gas industry failed to draw...

NLNG Train-7 now 52% complete – MD

The Managing Director of Nigeria Liquefied Natural Gas Limited, Philip Mshelbila, has stated that Train-7 is 52% complete....

Saudi Arabia, Russia to limit oil production – Report

According to The Times, Saudi Arabia intends to continue its voluntary reduction of 1 million...