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 million in the first half of 2023…
Oil and Gas
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NNPCL okays CNG usage for Nigerians
The Nigerian National Petroleum Company Limited’s Group Chief Executive Officer, Mele Kyari, has stated that the CNG deployment would be completed by the…
Shell resumes talks to sell oil assets in Nigeria
By Christian George The oil giant in Nigeria, Shell Plc, is reportedly negotiating the sale of some of its oilfields in…
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 gas businesses since January 2023 is $85.1…
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 from Russia surged by 84% in a…
Reps to recover $9bn gas flaring fines from oil companies
The House of Representatives expressed its commitment to retrieving a substantial amount of over $9 billion in gas flaring fines that…
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 has nothing to do with the payment…
Fuel hike: Distributors protest increase in truck loading fees
Distributors of petroleum products in Nigeria, operating under the umbrella of the Association of Distributors and Transporters of Petroleum Products, have protested…
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 the country, ending the Nigerian National Petroleum…
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 in petrol pump prices is attributed to…
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 for its members to continue operating, they…
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 rise in the per-liter pump price of…