FG empowers NMDPRA to tackle petrol price hike
The Nigerian Midstream and Downstream Petroleum Regulatory Authority has hinted that the Federal Ministry of Justice would gazette three new regulations, this…
Oil and Gas
Leading source of the latest news and insights for the oil & gas industry; upstream and downstream sector
Oil production drops by 83% – Report
Findings from the Organisation of the Petroleum Exporting Countries report macroeconomic has shown that Nigeria’s export capacity dropped by 83 per…
Buhari grants NNPC N1.9trn for road projects
Bisola Fatoye President Muhammadu Buhari has given the Nigerian National Petroleum Corporation Limited his approval to invest N1.9 trillion in the…
Oil blocs licensing to end in April –FG
The Federal Government declared on Monday that the seven deep offshore open oil blocs’ licensing round, which started on January 3, 2023,…
Natural gas ‘destination fuel’, says Qatar energy minister
The Qatar minister of State for Energy Affairs, H.E. Saad Sherida Al-Kaabi, has stated that natural gas is not a transition fuel…
UAE oil chief named COP28 climate talks president
Agency Report The head of the United Arab Emirates’ national oil company was named Thursday as president of this year’s COP28 climate…
Why fuel scarcity may last until June 2023
Nigerian oil marketers have indicated that the current challenges with the distribution of Premium Motor Spirit, also known as petrol, may last…
NUPRC shortlists 139 firms for gas flare trading
The Nigerian Upstream Petroleum Regulatory Commission has selected 139 companies from a total of 300 applicants to participate in the Nigerian Gas…
Fuel subsidy: EFCC recovers N13bn illegal payments
The Economic and Financial Crimes Commission records recovery worth N13bn as proceeds from illegal payments made under the subsidy regime between 2017…
Oil: Bonny light loses all gains in 2022
A report has shown that Bonny Light grade crude oil lost all of its 2022 earnings. Vanguard reported that the oil company…
FG spent N2tn on local content within 12years – Report
The Federal Government has spent a total of N2 trillion ($4 billion) on the development of local content in the past…
2022: Oil theft, fuel subsidy, other Buhari regime challenges
Oil Theft, Subsidy, Fuel Scarcity are among some of the challenges which the Federal Government tried to address in the Nigeria’s…