Oil & gas emerge best indexes on NGX – Report
In terms of year-to-date returns on the Nigerian Exchange Limited, the Growth Board and Oil & Gas were the top-performing indices as…
Oil and Gas
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Nigeria gets 40,000MW power from generators- FG
The Federal Government announced on Tuesday that generators running on Premium Motor Spirit, also known as petrol, and those run on Automotive…
FG targets 1.7mbpd crude despite Nov output drop
The Federal Government declared on Tuesday that Nigeria would meet and exceed the 2024 crude oil budget benchmark of 1.7 million barrels…
Dangote refinery receives first crude cargo
Dangote Petroleum Refinery and Petrochemicals Plant purchased 1 million barrels of Agbami crude grade from Shell International Trading and Shipping Company Limited…
Local oil and gas operators increased from 53 in 2018 to 114 in 2023 – NCDMB
The Executive Secretary of the Nigerian Content Development and Monitoring Board, Engr. Simbi Kesiye Wabote, has revealed that a substantial increase from…
FG to invest N100bn in EVs, CNG buses, autogas
The Presidential Compressed Natural Gas Initiative has said that N100 billion has been set aside to make it easier for CNG buses…
Gas export: FG records N1.2tn loss
Nigeria has exported N1.2 trillion worth of low-quality gas in the last ten years, according to the Energy Institute’s Statistical Review of…
Crude oil exports make up 82.50% of Nigeria’s foreign trade in Q3 2023 – NBS
Nigeria’s foreign trade in Q3 of 2023 was 82.50% oil exports. This is based on the National Bureau of Statistics’ Foreign Trade…
Brent crude rises to $83 per barrel
The price of a barrel of Brent crude reached $83 for the first time since April 25th, as the Organisation of Petroleum Exporting Countries meets…
NEITI, oil producers partner on transparency, accountability
The Nigerian Extractive Industries Transparency Initiative and the Oil Producers Trade Section have held meetings with mining companies and oil companies to…
Nigeria made $764bn from oil, gas sector 21 years – NEITI
Nigeria’s oil and gas industry brought in $764.52 billion from 1999 to 2021. This is according to the Nigerian Extractives Industries Transparency…
WEOG urges govt to allow more investors into oil sector
The women in Energy, Oil and Gas, Delta State Chapter, has called on the federal government to allow more investors to get into…