Category: Oil and Gas

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...

Delta govt urges FG not to sack pipeline surveillance companies

The Special Adviser to the Delta State Government on Niger Delta Affairs, Griftson Omatsuli, has...

Why 7.5% VAT on diesel may disrupt fuel supply – NARTO

The Federal Government was urged to end the 7.5% Value Added Tax on Automotive Gas...

148 crude oil theft reported in one week – NNPCL

There were 148 occurrences of crude oil theft registered between September 2 and August 8,...

Nigeria produced 1.4 million bpd of oil in August 2023 – NUPRC

Nigeria produced 1. 4 million barrels of crude oil per day, according to data from...

Sahara Energy, Ministry of Gas, NMDPRA, partner to develop gas

The Nigerian Midstream Downstream Petroleum Regulatory Authority, Sahara Energy Group, and the Ministry of Petroleum are planning...

How Nigeria lost $46bn to oil theft in 11 years – Speaker

Nigeria has sustained significant losses as a result of crude oil theft totaling $46 billion...

Agip didn’t obtain approval before Oando deal – NNPC

Nigerian Agip Oil Company has admitted that it did not have NNPC Limited’s approval before announcing...

Nigeria’s refining output falls to 6,000 b/d – OPEC

Data from the Organisation of the Petroleum Exporting Countries shows that Nigeria’s capability for processing...