Category: Oil and Gas

Why filling stations are shutting down – Marketers

Marketers of petroleum products have issued warnings that filling stations are shutting down as a...

Four consortia to repair deteriorated pipelines – NNPCL

The Nigerian National Petroleum Company Limited announced on Monday that four consortiums would fund the...

Global oil price may keep rising before 2045 – OPEC

The global oil demand is anticipated to continue increasing in the upcoming years before gradually...

Why diesel prices may not reduce in Nigeria – Experts

Diesel prices in Nigeria are unlikely to fall after Russia announced a lifting of the...

Domestic airlines seek FG’s permission to import jet fuel, forex

Domestic airlines under the auspices of Airline Operators of Nigeria on Monday, urged that the Federal...

Oil marketers express concern over inferior petrol in fuel stations

Concern has been expressed by oil marketers regarding the lightness of Premium Motor Spirit, often...

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...