Category: Oil and Gas

Gas revenue falls by N3trn in one year – Report

Data from the Energy Institute, a global professional organization for the energy sector, show that...

Oando acquires 100% Italian-owned NAOC

Nigerian energy company, Oando Plc, has agreed to buy all of the shares of Eni,...

Brent crude sells above $88/barrel, highest since Jan

Brent crude oil was trading at a phenomenal price of more than $88 per barrel...

Nigeria’s crude oil production hits 1.6m bpd – Kyari

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

NNPCL to repair vandalized pipelines September ending

The shortage of Premium Motor Spirit, sometimes known as petrol, in sections of Lagos and...

Marketers predict more fuel queues due to pipeline vandalism

Petrol queues lingered in Lagos and Ogun states on Wednesday, as oil merchants anticipated harsher...

How FG lost N1.9trn to oil theft in July – Report

Crude oil theft may have cost the country an enormous N1.9tn in revenue loss in...

Oil, gas contributed 5.34% to Nigeria’s GDP – Report

Nigeria’s oil and gas sector generated only 5.34% of the country’s Gross Domestic Product. Its...

Nigeria, Algeria, Egypt to dominate Africa’s gas supply market from 2023 to 2027 – Report

Nigeria, Algeria, and Egypt are predicted to dominate the African natural gas and liquefied natural...

Nigeria lost 165k oil barrels daily in five months – Report

Nigeria lost 165,000 barrels per day due to crude oil production disruptions between January and...

Gas production at Bonny plant still active – NLNG

The Nigeria Liquefied Natural Gas Limited has stated that gas production at the facility in...

No intention to hike fuel pump price – IPMAN

The president of the Independent Petroleum Marketers Association of Nigeria, Chinedu Okoronkwo, has stated that the...