Shell income drops by $7.5 billion

ROYAL Dutch Shell has recorded a drop of $7.5 billion in its income. The oil giant’s 2019 yearly report showed that its income in...

One billion barrels of crude oil discovered, says Sylva

John Ofikhenua, Abuja Minister of State for Petroleum Resources, Chief Timipre Slyva, said on Wednesay that about one billion Barrels of Crude oil have been...

Downstream oil sector will witness changes in few years – DPR

By Edith Ike-Eboh Mr Sarki Auwalu, the Director, Petroleum Resources, Department of Petroleum Resources (DPR) says the downstream oil sector will in the next few...

Fg targets June for fiscal landscape for oil, gas sector – Kyari

By Edith Ike-Eboh The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Malam Mele Kyari, said that by June, the oil industry would...

Scarcity looms as NUPENG suspends fuel distribution in Badagry

By Raji Rasak Most of the petroleum stations in Badagry communities have closed as the National Union of Petroleum and Natural Gas Workers of Nigeria...

NLNG, Eni sign Sale and Purchase Agreement

By Edith Ike-Eboh The Nigeria Liquified Natural Gas Limited (NLNG) says it has signed an LNG Sale and Purchase Agreement (SPA) with ENI for some...

NNPC to back Lee Engineering on Atlas Cove projects

The Group Managing Director, Nigeria National Petroleum Corporation (NNPC) Mr. Mele Kyari has commended Lee Engineering and Construction Company for the progressive execution of...

DPR seals five petrol, gas stations in Kogi for cheating

By Friday Idachaba The Department of petroleum Resources (DPR), Kogi office, has sealed three petrol filling stations for adjusting their pumps to dispense fuel below...

Alternative fuel at N97 per litre coming

 John Ofikhenua, Abuja AN alternative source of fuel that will be cheaper than the N145 per litre of petrol is in the works, the government...

Oil: Nigeria lost $2.75bn to vandals, thieves – P-PESPI urges Buhari to intervene

A group known as Partner For Petroleum & Energy Sector Prosperity Initiative (P-PESPI) has called on President Buhari to urgently escalate his intervention to...

PIB to be passed by mid 2020, says Sylva

By Solomon Asowata Chief Timipre Sylva, Minister of State for Petroleum Resources, says review of the Petroleum Industry Bill (PIB) is at an advanced stage...

Oil price rises in hopes of U.S.-China deal, OPEC cuts

Oil prices rose on Thursday, buoyed by a potential breakthrough in the Sino-U.S. trade war and OPEC-led efforts to constrain supply, although trading was...

NNPC group operating revenue dips

John Ofikhenua, Abuja The Nigerian National Petroleum Corporation (NNPC) on Monday said that in September 2019, its group operating revenue in comparison with the previous...

Crude oil, gas export hits $232.87m

John Ofikhenua, Abuja Nigeria recorded crude oil and gas export sale of $355.93 million in September 2019, the Nigerian National Petroleum Corporation (NNPC) has said. This...

Sylva reiterates FG’s commitment to completion of Waltersmith Modular Refinery

By Edith Ike-Eboh The Minister of State for Petroleum Resources, Chief Timipre Sylva said the federal government would continue to support effort to ensure the...

NNPC dollar payments to federation account dip by 30.50%

John Ofikhenua, Abuja The Nigerian National Petroleum Corporation (NNPC) said it recorded a total export sale of $232.87 million in August 2019, decreasing by 30.50 per...

NNRC advocates better management of oil, gas sector

By Ikenna Uwadileke The Nigeria Natural Resource Charter (NNRC) has called for better management of Nigeria’s oil and gas resources with a view to repositioning...

NNPC, JVs sign Gas Supply Agreements on NLNG Trains 1, 2, 3, 7

Edith Ike-Eboh The Nigeria National Petroleum Petroleum Corporation (NNPC) and its joint Venture (JV) partners have signed the first basic 20-year term of Gas Supply...

FG to release LPG pricing template in 2020

By Edith Ike-Eboh Mr Olasupo Agbaje, General Manager, Gas and Renewable Energy, Petroleum Products Pricing Regulatory Agency, said the agency would release a Liquefied Petroleum...

Expert urges FG to invest more in gas industry

By Emmanuel Afonne Mr Naphatali Iringe-Koko, a former General Manager of Nigeria Liquefied Natural Gas (NLNG)  has requested the Federal Government to invest heavily in...
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