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 was passed almost two years ago, there…
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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 State’s two refineries, the Edo Refinery and…
Oil, manufacturing sectors got highest tax exemption in 2022 – Report
The Federal Government gave the greatest tax exemption to operators in the country’s oil and manufacturing sectors in 2022, totaling N1.42 trillion.…
FG waives VAT on CNG, sets up conversion centres
The Federal Government said on Friday that 7 CNG conversation centres have been established in the country through the Presidential Compressed Natural…
Total Energies pre-tax profit drop by 48.02% in Q3 2023
Pre-tax earnings at Total Energies Nigeria fell by 48.02% in the third quarter as a result of foreign exchange delays. According to…
Uba Sani inaugurates first liquefied gas station in Kaduna
Kaduna State Governor, Senator Uba Sani, on Tuesday, inaugurated the first Liquefied Compressed Natural Gas station established by Greenville LNG in Kakau, Kaduna…
Nigeria listed among largest LNG suppliers to Europe
The International Gas Union has stated that after the United States of America, Qatar, Russia, and Nigeria are the three largest LNG suppliers…
Oil price hits $93/barrel – Report
The price of Brent jumped on Wednesday, reaching nearly $93/barrel after circling around $87/barrel the previous week. This was due to recent industry…
How Isreal-Palestine conflict affected gas spot prices – Report
Liquefied Natural Gas spot prices have soared by more than 40% since the start of the Israel-Hamas conflict on October 7, when…
Crude oil stays at $90/barrel
Brent crude went up to $90 per barrel on Friday, October 13, according to a study of crude oil prices around the world,…
Why Nigerians substitute petrol for CNG – Association
The Nigerian Gas Association has advocated for the use of compressed natural gas as a substitute for premium motor spirit or petrol.…
Oil production hits 1.7m barrels daily – FG
The Federal Government reported on Friday that Nigeria’s oil production had climbed from 1.1 million barrels per day in August 2023 to…