Category: Oil and Gas

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...

NNPCL exports $1.7bn crude as production drops 12% – Report

The Nigerian National Petroleum Company Limited, acting on behalf of numerous stakeholders, facilitated the lifting...

NIPCO Gas launches CNG facility in Akwa Ibom

The compressed natural gas facility in Oron, Akwa Ibom state, has been officially opened, according...

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...