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Oil & Gas
Petrol Subsidy Costs N18.39bn Daily – Finance Minister
Abuja - The Minister of Finance, Zainab Ahmed, has put the projected daily payment for fuel subsidy at N18.39 billion....
Petrol now to sell at between N170 – N190 per litre
Lagos - Oil marketers and the Federal Government , have reached a subtle agreement to increase petrol price from the...
Documents reveal how FG paid N4. 194 trillion as fuel subsidy from January 2017 to June 2022
Abuja - Details of how N4.194 trillion was paid as subsidy to oil marketers between January, 2017 and June, 2022...
OPEC Secretary -General, Barkindo dies in Abuja
Abuja - The outgoing Secretary-General of the Organisation of the Petroleum Exporting Countries (OPEC), Mohammed Barkindo is dead. Barkindo, a...
FG generates N200bn, $7m from 161 marginal oil fields licences
Abuja - The Nigerian Upstream Petroleum Regulatory (NUPRC) says the 2020 marginal field bid round exercise generated about N200 billion...
NNPCL begins operation as limited liability company July 1
By Edith Ike-Eboh/Emmanuel Afonne Abuja - The Nigerian National Petroleum Company Limited (NNPC Ltd.) will begin operation on July 1,...
NNPCL nets N1. 7trillion from crude oil sales in one year
Abuja - Nigerian National Petroleum Corporation (NNPC) said it made N1.7trn from crude oil sales in one year. The NNPC...
Nigeria’s crude oil reserve increases to 37b barrels – NUPRC
By Emmanuella Anokam Abuja - The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says the nation’s oil and condensate reserves status...
P/Harcourt refinery will resumes operation next year – Sylva
Port Harcourt refinery will resume operation next year according to the Minister if state for petroleum, Timipire Sylva
Replacing Russian Oil Will Be “Nearly Impossible” – OPEC tells EU
OPEC says moves by EU to replace Russian oil is almost impossible
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