Nigeria loses N91bn oil in one month – Analysis
Statistics have shown that Nigeria lost N91bn worth of oil to various technical issues in just one month. Data sourced from the…
Oil and Gas
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Fuel scarcity won’t spread to Lagos, others – Marketers
Oil marketers have said that the fuel scarcity being experienced in Abuja will not spread to Lagos State and other parts of…
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, finally appeared before the House of Representatives’…
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 to negotiate Russian oil at discount prices.…
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 for Nigeria again, as it increased it…
OPEC cuts 2022 oil demand over economic concerns
The Organisation of Petroleum Exporting Countries has revised the demand for crude oil in 2022 downward following the concerns around global economic…
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 had limited the capacity of Nigeria and…
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 in March 2022, indicating an increase of…
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 206.53 trillion cubic feet was over $803.4tn,…
PENGASSAN moves to stop casualisation in oil industry
The Petroleum and Natural Gas Senior Staff Association of Nigeria says it will ensure that issues of casualisation in the oil and…
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 sabotage within the oil production system and…
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 to just 10 operational rigs in March…