Category: Oil and Gas

Seplat gas revenue hits $63.7m H1 2023

Seplat Energy Plc, an indigenous energy firm, increased its gas revenue by 10.21% to $63.7...

NNPCL okays CNG usage for Nigerians

The Nigerian National Petroleum Company Limited’s Group Chief Executive Officer, Mele Kyari, has stated that the...

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...