NNPCL ends crude oil swap deal for petrol – Report
The Nigerian National Petroleum Company Limited has discontinued the crude oil exchange deal for petrol and has started using cash tenders for the…
Oil and Gas
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Lagos, firm partner to reduce gas emissions
Smart Gas Company Limited announced a collaboration with Odiolowo/Ojuwoye Local Council Development Area, Ilupeju in Lagos State, to promote a cleaner environment…
Oil production increases to 1.35m barrels/day
By Wilson Adekumola Nigeria’s crude oil output reportedly rose to 1.35 million barrels per day in September 2023, as the country…
Oil companies get 26 divested licences in 10 years
Over the past ten years, 26 oil mining licences in the Niger Delta basin have been purchased by Nigerian oil companies. The…
Why filling stations are shutting down – Marketers
Marketers of petroleum products have issued warnings that filling stations are shutting down as a result of rising operating costs. Vanguard reported…
Four consortia to repair deteriorated pipelines – NNPCL
The Nigerian National Petroleum Company Limited announced on Monday that four consortiums would fund the renovation of pipelines around the country using…
Global oil price may keep rising before 2045 – OPEC
The global oil demand is anticipated to continue increasing in the upcoming years before gradually declining starting in 2045. The Times reported…
Why diesel prices may not reduce in Nigeria – Experts
Diesel prices in Nigeria are unlikely to fall after Russia announced a lifting of the export embargo on Friday, October 6. According…
Domestic airlines seek FG’s permission to import jet fuel, forex
Domestic airlines under the auspices of Airline Operators of Nigeria on Monday, urged that the Federal Government grant AON the necessary permit for…
Oil marketers express concern over inferior petrol in fuel stations
Concern has been expressed by oil marketers regarding the lightness of Premium Motor Spirit, often known as petrol, in some filling stations,…
Crude price drops to $84 per barrel
Brent crude’s price was $84.21 a barrel at 6:17 AM on Friday, October 6, according to an early analysis of oil prices. Reuters…
Rak Unity Petroleum completes liquidation process
Oil company Rak Unity Petroleum, which has been in business for 40 years, has finished its liquidation procedure. The Punch reported that…