Category: Oil and Gas

Russia to reduce oil exports by 500,000 BPD in August – Report

Russia’s top energy official declared on Monday that the country will voluntarily reduce oil exports by...

NNPCL, marketers fuel vessels to arrive next week – IPMAN

    Large shipments of Premium Motor Spirit, often known as petrol, will be imported...

IPMAN debunks plan to raise petrol price to N700/litre

The Independent Petroleum Marketers Association of Nigeria has refuted the association’s purported proposal to raise the...

Oil prices surge as Saudi Arabia prepares to cut output

Saudi Arabia has announced a significant cut of one million barrels per day in its...

NMDPRA calls for calm amid PMS subsidy removal

Juliet Buna The Nigerian Midstream and Downstream Petroleum Regulatory Authority on Tuesday assured of an...

Fuel subsidy: NNPCL cautions against panic-buying

The Nigerian National Petroleum Company Limited has stated that prospective increases in petrol prices are...

NNPC resumes Borno oil exploration after six years pause

The Nigerian National Petroleum Company Limited has begun oil drilling in Borno state’s Lake Chad Basin....

FG shuts down unlicensed fuel marketers

  The Federal Government declared on Monday that no unlicensed petroleum product dealer would be...

Dangote refinery: NNPC to supply 300,000 barrels of crude oil daily

The Nigerian National Petroleum Company Limited will supply 300,000 barrels of crude oil per day...

NMDPRA urges companies to drop diesel for gas

The Nigerian Midstream and Downstream Petroleum Regulatory Authority has urged the country’s companies, particularly those...

FG commissions Barite Plant to curb illegal mining in South-South

Kazeem Owoseni     In its commitment to curb the high rate of illegal mining...

Bayelsa court permits NCDMB to collect 1% NCDF levy

The Federal High Court in Yenagoa, Bayelsa State, delivered an important ruling on Tuesday confirming...