Oil and Gas
Senegal now oil producing country, begins exploration
Senegal has joined the list of oil-producing countries in West Africa. The country began producing oil for the first time,...
OPEC says Nigeria’s crude oil production dropped to 1.25 million bpd in May
The Organisation of Petroleum Exporting Countries (OPEC) has disclosed that Nigeria’s average crude oil production in May fell to 1.25...
Dangote Refinery shifts petrol production date to July
Africa’s largest oil refinery, Dangote Refinery, has shifted the date for production of premium motor spirit (PMS), popularly known as...
NNPC, Golar partner to float LNG
The Nigerian National Petroleum Corporation (NNPC) Limited has signed a deal with a North American firm, Golar LNG, to float...
NNPC refutes allegations of N3.3tn subsidy inflation
The Nigerian National Petroleum Company (NNPC) Limited has refuted reports alleging that it inflated subsidy claims to the tune of...
Marketers hail FG as cost of cooking gas drops to N900/kg
Gas marketers, under the auspices of Nigerian Association of Liquefied Petroleum Gas Marketers, have commended the federal government for its...
NNPC subsidiary, NETCO, posts 137% increase in operating profit for 2023
The NNPC Engineering and Technical Company (NETCO) has announced an increase of 137 per cent in its operating profit for...
Only new filling stations with CNG pumps to get licenses – FG
The federal government has said that going forward, new filing stations that apply for licenses will only be issued same...
OPEC extends Nigeria’s 1.5m oil production quota to 2025
The Organisation of Petroleum Exporting Countries (OPEC) has extended Nigeria’s production quota of 1.5 million barrels of crude per day...
FG unveils 5.2 mmscfd of CNG plant in Lagos
The Federal Government has commissioned a 5.2 million standard cubic feet per day (mmscfd) Compressed Natural Gas (CNG) plant in...