Dangote refinery gets another one million crude barrels
The Dangote Petroleum Refinery, on Monday, received the fourth shipment of one million barrels of bonny light crude oil, supplied by the Nigeria National...
Nigeria Loses About ₦289.6 Billion Crude Oil Revenue As Oil Output Crashes
Nigeria’s oil output in November 2023 recorded a plunge resulting in a loss of about ₦289.6 billion in crude oil revenue compared to oil...
Reps calls for improved local human capacity in oil, gas sector
The House of Representatives has resolved to improve local human capacity in the oil and gas industry to address capital flight in the country.
Lawmaker,...
Oil spillage: Ondo community lauds court ruling
Residents of Ugbo kingdom of Ondo State, under the kingship of Oba Fredrick Akinruntan, have lauded a court ruling in favour of the community...
NNPC Speaks On Giving Pipeline Contracts To ‘Northern Oil Cabal’, Lists 17 Firms
In a statement on Sunday signed by its management, the NNPC said the selection was not conducted solely by the firm, as the Bureau of...
Hydrocarbon discharge: FG orders oil firm to pay compensation to A’Ibom community
The Federal Government through the Ministry of Environment has directed Natural Oil Field Services Limited to immediately commence the process of cleaning up Ikot-Ebidang...
Govt loses N847bn to gas flaring – NOSDRA
The Federal Government lost about N843bn to gas flaring between January 2022 and August 2023, data obtained from the National Oil Spill Detection and...
23 oil blocks failed to produce crude –FG
No fewer than 23 oil blocks managed by both international and local oil companies, which are under crude oil Production Sharing Contracts with the...
I’m positioned to solve Nigeria’s oil and gas challenges, says Tinubu
President Bola Tinubu on Tuesday assured international investors that he was poised to solve the challenges in Nigeria’s oil and gas industry, having worked...
Nigeria has no reason to import petrol – Oborevwori
Delta State Governor, Rt. Hon. Sheriff Oborevwori, Tuesday, urged the Federal Government and relevant stakeholders to work towards revitalising the nation’s refineries, insisting that...
Air strikes destroy over 30 illegal refineries in Rivers
Air strikes from the air component of Operation Delta Safe have destroyed no fewer than 30 active illegal oil refining sites in Cawthorne Channel...
Ozekhome seeks deployment of technology to check crude oil theft, piracy
A Senior Advocate of Nigeria, (SAN), Prof. Mike Ozekhome has called for deployment of ”strong technology” to stop crude oil theft and piracy in...
NNPCL breaks silence, says no intention to hike fuel price
The Nigerian National Petroleum Company Limited has eventually spoken up as regards the widespread concern of a possible hike in the pump price of...
Nigeria’s oil refinery to start production by end of 2023, says Tinubu
President Bola Tinubu has said the petroleum refinery in Port Harcourt will start working by December 2023.
Tinubu in a statement by presidential spokesman, Dele...
Fears of tighter global supply push oil price to $83 a barrel
Oil price, on Thursday, rose to $83 a barrel.
Brent crude, the global oil benchmark, rose 0.75 percent to trade at $83 a barrel, while...
Nigerian Petroleum Company, NNPCL Increases Fuel Price To N617 Per Litre
A visit to a Nigerian National Petroleum Company Limited (NNPCL) mega filling station in the Central area of Abuja on Tuesday confirmed that the...
Fuel crisis: Marketers confirm petrol price hike to over N500 per litre
Oil marketers, on Wednesday, confirmed the hike in the pump price of Premium Motor Spirit popularly called petrol to over N500 per litre depending...
NNPCL already spent $1 billion on Ajaokuta-Kaduna-Kano pipeline project: Kyari
The Nigerian National Petroleum Company Limited says it has spent over $1.1 billion on the ongoing construction of the Ajaokuta-Kaduna-Kano (AKK) gas pipeline and...
Oil Price Steadies After 5% Loss, Lowest in Over 15 Months
Oil prices steadied at the weekend after dropping to near 15-month lows earlier in the session, supported by reports that top producers Saudi Arabia...
57 Marginal Fields: Lack of Corporate Governance, Finance Delay Firms’ Progression to Oil Production
Most of the firms that won the marginal oil fields auctioned during the 2020 marginal field bid round are currently struggling with how to...