Category: Oil and Gas

Shell resumes talks to sell oil assets in Nigeria

By Christian George   The oil giant in Nigeria, Shell Plc, is reportedly negotiating the...

Gas flare fine hits N44.4bn in six months – FG

The Federal Government reported on Friday that the entire gas flare fines collected from oil and...

Petrol imports from Russia records 84% increase – Report

Data on Nigeria’s fuel obtained from Argus West Africa Oil shows that the country’s imports...

Reps to recover $9bn gas flaring fines from oil companies

  The House of Representatives expressed its commitment to retrieving a substantial amount of over...

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...