Category: Oil and Gas

Nigeria’s crude production falls to 1.3m bpd

Nigeria’s crude oil output fell to 1,294,162 barrels per day in July 2023. This is...

Petrol pump price to increase as dollar rises — IPMAN

The Independent Petroleum Marketers Association of Nigeria has said the price of Premium Motor Spirit,...

Seplat gas revenue hits $63.7m H1 2023

Seplat Energy Plc, an indigenous energy firm, increased its gas revenue by 10.21% to $63.7...

NNPCL okays CNG usage for Nigerians

The Nigerian National Petroleum Company Limited’s Group Chief Executive Officer, Mele Kyari, has stated that the...

Shell resumes talks to sell oil assets in Nigeria

By Christian George   The oil giant in Nigeria, Shell Plc, is reportedly negotiating the...

Gas flare fine hits N44.4bn in six months – FG

The Federal Government reported on Friday that the entire gas flare fines collected from oil and...

Petrol imports from Russia records 84% increase – Report

Data on Nigeria’s fuel obtained from Argus West Africa Oil shows that the country’s imports...

Reps to recover $9bn gas flaring fines from oil companies

  The House of Representatives expressed its commitment to retrieving a substantial amount of over...

Dividend payment not affected by FG’s N1.3trn debt – NNPCL

The Nigerian National Petroleum Company Limited has said the N1.3tn debt of the Federal Government...

Fuel hike: Distributors protest increase in truck loading fees

Distributors of petroleum products in Nigeria, operating under the umbrella of the Association of Distributors...

NNPCL monopoly ends as marketer’s fuel vessel arrives

The first shipment of petrol, 27 million liters imported by an unaffiliated marketer, has arrived in...

Forex, foreign crude prices account for more than 80% of fuel pump costs – MOMAN

The Major Oil Marketers Association of Nigeria has noted that over 80% of the current increase...