Category: Oil and Gas

Crude price drops to $84 per barrel 

Brent crude’s price was $84.21 a barrel at 6:17 AM on Friday, October 6, according to...

Rak Unity Petroleum completes liquidation process

Oil company Rak Unity Petroleum, which has been in business for 40 years, has finished...

12.5kg cooking gas now costs N12,500 – Report

The price of 12.5 kg of Liquefied Natural Gas, also known as cooking gas, has...

Diesel remains N1000 per litre despite VAT removal – Marketers

Oil marketers claimed on Monday that despite the federal government’s statement that it has abolished...

FG removes oil production constraints to tackle divestments

The Federal Government announced on Thursday that it was lifting all restrictions for oil exploration...

NNPC, partner firm to establish Bayelsa development trust fund

An independent exploration and production business, First E&P OML83 & 85 Joint Venture, has joined with...

NNPCL exports $1.7bn crude as production drops 12% – Report

The Nigerian National Petroleum Company Limited, acting on behalf of numerous stakeholders, facilitated the lifting...

NIPCO Gas launches CNG facility in Akwa Ibom

The compressed natural gas facility in Oron, Akwa Ibom state, has been officially opened, according...

How FG earned N4.3trn from oil in 2021 – Report

The Nigerian Extractive Industries Transparency Initiative estimates that the Federal Government received N4.3 trillion from...

Brent oil trades at over $94 per barrel – Report

Brent oil’s price stayed steady at $94.30 per barrel on Monday, September 18, at 5:14...

NNPCL earns N18.4bn in Q1 after OVH acquisition – Kyari

In the first quarter of 2023, less than a year after acquiring OVH Energy, the...

Crude oil price hits $94 per barrel

Brent crude soared to $94 per barrel late on Thursday, September 14, according to a...