IPMAN debunks plan to raise petrol price to N700/litre
The Independent Petroleum Marketers Association of Nigeria has refuted the association’s purported proposal to raise the pump price of Premium Motor Spirit, better…
Oil and Gas
Leading source of the latest news and insights for the oil & gas industry; upstream and downstream sector
Oil prices surge as Saudi Arabia prepares to cut output
Saudi Arabia has announced a significant cut of one million barrels per day in its July production. The decision by the leading…
NMDPRA calls for calm amid PMS subsidy removal
Juliet Buna The Nigerian Midstream and Downstream Petroleum Regulatory Authority on Tuesday assured of an adequate supply of PMS to meet the…
Fuel subsidy: NNPCL cautions against panic-buying
The Nigerian National Petroleum Company Limited has stated that prospective increases in petrol prices are insufficient justification for Nigerians to indulge in…
NNPC resumes Borno oil exploration after six years pause
The Nigerian National Petroleum Company Limited has begun oil drilling in Borno state’s Lake Chad Basin. Daily Trust reported that The President, Major…
FG shuts down unlicensed fuel marketers
The Federal Government declared on Monday that no unlicensed petroleum product dealer would be permitted to load items starting on June…
Dangote refinery: NNPC to supply 300,000 barrels of crude oil daily
The Nigerian National Petroleum Company Limited will supply 300,000 barrels of crude oil per day to the Dangote Refinery, as it begins…
NMDPRA urges companies to drop diesel for gas
The Nigerian Midstream and Downstream Petroleum Regulatory Authority has urged the country’s companies, particularly those that utilize a lot of petroleum products,…
FG commissions Barite Plant to curb illegal mining in South-South
Kazeem Owoseni In its commitment to curb the high rate of illegal mining activities in the South-South geopolitical zone of…
Bayelsa court permits NCDMB to collect 1% NCDF levy
The Federal High Court in Yenagoa, Bayelsa State, delivered an important ruling on Tuesday confirming the authority of the Nigerian Content Development…
NUPRC confirms take over of oil export terminals
The Chief Executive Officer of the Nigerian Upstream Petroleum Regulatory Commission has announced that they have taken over the regulation and monitoring…
Seplat Energy records 36.9% revenue growth despite crisis
Seplat Energy Plc, an indigenous oil exploration business, increased its revenue from $241.8 million to $331 million in the first quarter of…