Category: Oil and Gas

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...

Fuel hike: Why old stock sell at new price – Marketers

The Independent Marketers Association of Nigeria, which represents oil marketers, has emphasized that in order...

NNPCL blames market forces for fuel price hike

The group chief executive officer of the Nigerian National Petroleum Company Limited, Mele Kyari, has attributed the...

NAICOM, operators to inspect local content in oil industry

The benefits and difficulties of putting the requirements of the Nigerian Oil and Gas Industry...

Crude oil production hits 1.48mbpd in June – NUPRC

Nigeria produced 1.48 million barrels per day of crude oil in June 2023, including 55,088 and...

Nigeria, E/Guinea seek new oil, gas opportunities

The governments of Nigeria and the Republic of Equatorial Guinea yesterday discussed the creation of...

Petroleum tanker drivers enemy to subsidy removal — IPMAN

The Independent Petroleum Marketers Association of Nigeria has urged the Federal Government to prevail upon...

Brent crude hits $80.41 per barrel, highest since May 2023

Brent crude has reached a price of over $80.41 per barrel for the first time...

Oil and Gas will guarantee Nigeria’s energy security – FG

The Federal Government has noted that oil and gas would continue to guarantee energy security...