Category: Oil and Gas

Reps kick as Kyari keeps mum on oil swap deal

THE Group Managing Director of the Nigerian National Petroleum Company Limited, Mele Kyari, on Tuesday,...

Nigeria may lose out as China, India eye Russian oil

Nigeria may lose its largest crude oil buyers, China and India, as both countries plan...

OPEC raises Nigeria’s oil production quota despite low output

The Organisation of Petroleum Exporting Countries on Thursday raised the crude oil production quota approved...

OPEC cuts 2022 oil demand over economic concerns

The Organisation of Petroleum Exporting Countries has revised the demand for crude oil in 2022...

Nigeria’s crude production crashed by 1.2 million barrels in April – OPEC

The Organisation of Petroleum Exporting Countries on Monday said insufficient investments in the oil sector...

Fuel subsidy records 307% increase amid transport fare hike

The amount spent on fuel subsidy monthly rose from N60.39bn in March 2021 to N245.77bn...

Nigeria’s proven gas reserves worth over $803.4tn – FG

THE Federal Government on Thursday said the value of Nigeria’s proven gas reserves of about...

PENGASSAN moves to stop casualisation in oil industry

The Petroleum and Natural Gas Senior Staff Association of Nigeria says it will ensure that...

Oil production: Nigeria leads Q1 shortfall, World Bank cites sabotage

The World Bank has said Nigeria has the largest shortfall among oil-producing countries due to...

Nigeria’s crude oil production rigs drop by 37.5%, says OPEC

The number of functional crude oil production rigs in Nigeria decreased by 37.5 per cent...

Dangote Refinery’ll reduce import bill by 40% – Emefiele

The Governor of the Central Bank of Nigeria, Godwin Emefiele, says Dangote Refinery will reduce...

Reps allege cover-up on refineries, summon Sylva, Kyari

The House of Representatives’ Ad Hoc Committee on the State of Refineries in Nigeria has...