Category: Oil and Gas

Sahara Energy, Ministry of Gas, NMDPRA, partner to develop gas

The Nigerian Midstream Downstream Petroleum Regulatory Authority, Sahara Energy Group, and the Ministry of Petroleum are planning...

How Nigeria lost $46bn to oil theft in 11 years – Speaker

Nigeria has sustained significant losses as a result of crude oil theft totaling $46 billion...

Agip didn’t obtain approval before Oando deal – NNPC

Nigerian Agip Oil Company has admitted that it did not have NNPC Limited’s approval before announcing...

Nigeria’s refining output falls to 6,000 b/d – OPEC

Data from the Organisation of the Petroleum Exporting Countries shows that Nigeria’s capability for processing...

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...