Oil production: Angola, Libya overtake Nigeria, says OPEC
The Organisation of Petroleum Exporting Countries has disclosed that Angola and Libya have overtaken Nigeria after oil production in the West African…
Oil and Gas
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Nigeria lost N604.64bn to oil theft in eight months – FG
The Nigeria Upstream and Downstream Petroleum Regulatory Commission’s monthly report has revealed that the nation lost about 13.21 million barrels of crude…
Two arrested as Edo police bust illegal refinery
No fewer than two suspects have been arrested as operatives of the Nigeria Police Force busted an illegal petroleum refinery in Edo…
Oil theft: PENGASSAN doubts FG’s will to fight
President of the Petroleum and Natural Gas Senior Staff Association of Nigeria, Festus Osifo said the federal government is not showing the…
Nigeria may lose N1.7trn as PENGASSAN mulls 30 days shutdown
Members of the Petroleum and Natural Gas Senior Staff Association of Nigeria threatened to shut down oil production in Nigeria for 30…
How FG can stop oil theft – EX-PENGASSAN boss
A former President of the Petroleum and Natural Gas Senior Staff Association of Nigeria, Comrade Peter Esele, has advised the federal government…
NNPC to supply Dangote refinery 300k barrels daily
The Nigeria National Petroleum Corporation Limited has secured a massive supply of about 300,000 crude oil per day to the Dangote refinery…
World needs oil, gas to survive – Elon Musk
Tesla CEO and the world’s richest person, Elon Musk, has reiterated the need for continued efforts to raise oil and gas exploration…
FG to end fuel subsidy in 2023 – Minister
The Minister of Finance, Budget and National Planning, Zainab Ahmed, has disclosed that the Federal Government will stop paying subsidies on Premium…
FG spent N1.593tn on fuel subsidy in six months – Report
The Federal Government spent a total of N1.593 trillion on subsidy of Premium Motor Spirit, often known as petrol over a six-month…
Shell discharges five oil barrels into Ogoni
After an operation failure, the Shell Petroleum Development Company discharged five barrels of crude oil into the Bodo community in the Gokana…
Oil theft threatens Nigeria’s N9tn revenue – FG
The Federal Government has blamed pipeline vandalism, crude oil theft and high petrol subsidy cost, as it risks missing its N9.37tn oil…