Category: Oil and Gas

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...

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...