NNPC, Sahara to build jetties to boost cooking gas supply
The Nigerian National Petroleum Company Limited and Sahara Group, through their joint venture business, WAGL Energy Limited, are set to develop and…
Oil and Gas
Leading source of the latest news and insights for the oil & gas industry; upstream and downstream sector
FG spends N40.1bn daily as fuel subsidy hits N600 per litre – Operators
Oil operators on Sunday revealed that the Federal Government spends N40.1bn daily when subsidising every litre of Premium Motor Spirit, popularly called…
Petrol price rose to N173.08 in May –NBS
The National Bureau of Statistics says the average retail price paid by consumers for Premium Motor Spirit (petrol) increased to N173.08 in…
Abuja queues: Buhari increases freight rate for fuel transporters
In a bid to clear the persistent fuel queues by motorists in parts of the country, the President, Major General Muhammadu Buhari…
FG studying UK ruling over oil fraud – Minister
The Minister of Information and Culture, Lai Mohammed, said on Wednesday that the Federal Government lawyers are still studying the judgment of…
Diesel price to hit N1,500 in two weeks – Marketers
The pump price of diesel is projected to reach N1,500 from the current N800 within the next two weeks. The Natural Oil…
Nigeria repays five oil firms’ $3.7bn debt, owes $972m Okechukwu Nnodim
Latest updates on Nigeria’s cash call arrears repayment showed that the country had so far repaid a total of $3.72bn to five…
Energy transition: Natural gas remains Nigeria’s best option – FG
The Minister of State for Petroleum Resources, Chief Timiprye Sylva said natural gas remains the only viable option currently on the table…
Firm prepares fresh investment in oil, gas sector
Solewant Group says it is now entering the next phase of its extensive development through investments and expansions in the oil and…
Motorists slam FG, NNPC as fuel queues hit Abuja again
Fuel queues returned to the Federal Capital Territory on Thursday as motorists spent hours at filling stations waiting to buy the Premium…
EFCC partners marketers to curb oil theft in Niger Delta
The Independent Petroleum Marketers Association of Nigeria has sought the support and intervention of the Economic and Financial Crimes Commission in curbing…
Nigeria’s oil production falls over poor maintenance -World Bank
The World Bank has said that Nigeria’s oil production declined in 2021 due to a lack of maintenance and the loss of…