Category: Oil and Gas

How DHQ recovered stolen 500k litres of crude oil one week

The Defence headquarters has stated that it recovered almost 500,000 gallons of stolen crude oil in...

Brent crude drops to $78 after OPEC meeting postponement

A barrel of Brent crude dropped to $78 after the Organisation of Petroleum Exporting Countries declared...

Seplat to construct $250m gas plant in Delta

Seplat PLC’s Director of New Energy, Mr. Effiong Okon, has revealed the company’s intentions to...

Why oil marketers claim NNPCL has monopoly over PIA 

Oil marketers have questioned Nigerian National Petroleum Company Limited’s dominance in petrol importation, claiming that...

Oil surge over 2% as Iraq backs OPEC production restrictions

Oil rose over 2% on Friday as Iraq expressed support for output restrictions ahead of...

Oil sector gained zero foreign investment in Q2 – NBS

National Bureau of Statistics has stated that the country’s oil and gas industry failed to draw...

NLNG Train-7 now 52% complete – MD

The Managing Director of Nigeria Liquefied Natural Gas Limited, Philip Mshelbila, has stated that Train-7 is 52% complete....

Saudi Arabia, Russia to limit oil production – Report

According to The Times, Saudi Arabia intends to continue its voluntary reduction of 1 million...

Rainoil boss links rising fuel prices to FX crisis

The Managing Director of Rainoil Logistics,  Dr. Jude Nwaulune, has stated the current foreign exchange crisis...

FG, refinery operators plan to meet domestic refining obligations

The Federal Government met with operators of domestic refineries on Wednesday to address concerns regarding...

Operators lament oil sector investments uncertainty despite PIA

Operators in Nigeria’s oil and gas sector stated on Monday that even after the Petroleum Industry Bill...

Nigeria’s refining capacity’ll increase with Edo refineries – Wabote

The Executive Secretary of the Nigerian Content Development and Monitoring Board, Simbi Wabote, has stated that Edo...