Category: Oil and Gas

Rainoil boss links rising fuel prices to FX crisis

The Managing Director of Rainoil Logistics,  Dr. Jude Nwaulune, has stated the current foreign exchange crisis...

FG, refinery operators plan to meet domestic refining obligations

The Federal Government met with operators of domestic refineries on Wednesday to address concerns regarding...

Operators lament oil sector investments uncertainty despite PIA

Operators in Nigeria’s oil and gas sector stated on Monday that even after the Petroleum Industry Bill...

Nigeria’s refining capacity’ll increase with Edo refineries – Wabote

The Executive Secretary of the Nigerian Content Development and Monitoring Board, Simbi Wabote, has stated that Edo...

Oil, manufacturing sectors got highest tax exemption in 2022 – Report

The Federal Government gave the greatest tax exemption to operators in the country’s oil and...

FG waives VAT on CNG, sets up conversion centres

The Federal Government said on Friday that 7 CNG conversation centres have been established in...

Total Energies pre-tax profit drop by 48.02% in Q3 2023

Pre-tax earnings at Total Energies Nigeria fell by 48.02% in the third quarter as a...

Uba Sani inaugurates first liquefied gas station in Kaduna

Kaduna State Governor, Senator Uba Sani, on Tuesday, inaugurated the first Liquefied Compressed Natural Gas station...

Nigeria listed among largest LNG suppliers to Europe

The International Gas Union has stated that after the United States of America, Qatar, Russia, and...

Oil price hits $93/barrel – Report

The price of Brent jumped on Wednesday, reaching nearly $93/barrel after circling around $87/barrel the previous...

How Isreal-Palestine conflict affected gas spot prices – Report

Liquefied Natural Gas spot prices have soared by more than 40% since the start of...

Crude oil stays at $90/barrel

Brent crude went up to $90 per barrel on Friday, October 13, according to a study...