Oil and Gas
Only 17 marginal oil fields producing in Nigeria – NUPRC
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has disclosed that only 17 of the 30 marginal oilfields awarded since 1999...
Cooking gas price rises 122% in one year
The price of a 12.5kg of liquefied petroleum gas (LPG), better known as cooking gas, has increased by 122.15 per...
Governors worry over NNPC ownership, assets
Governors of the 36 states have raised issues over the ownership of the new Nigerian National Petroleum Company Limited (NNPCL),...
REVEALED: Petrol subsidy guzzles N18bn everyday – Minister
The Minister of Finance, Budget and National Planning, Zainab Ahmed, on Thursday said the federal government spends N18.397 billion everyday...
Oil theft: NNPC launches monitoring apps
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has launched ‘Crude Theft Monitoring Applications’ to curb oil theft and pipeline...
Police harassment: IPMAN threatens to shutdown depots
The Independent Petroleum Marketers Association (IPMAN), South East Zone, has threatened to shut down depots in Calabar, Port Harcourt and...
ExxonMobil assets: We’re not aware of deal cancellation – Seplat
Seplat Energy has said its proposed acquisition of the assets of ExxonMobil is still ongoing as it was in receipt...
PMS customers decry under dispensing by filling stations
Some users of Premium Motor Spirit (PMS), also known as petrol, have raised alarm over the level of non-compliance of...
Buhari reverses self on Seplat/ExxonMobil’s $1.2bn deal
Barely 48 after giving his nod, President Muhammadu Buhari has reversed his approval of Seplat Energy’s purchase of ExxonMobil’s Assets....
Seplat/ExxonMobil deal: Regulator rejects Buhari’s approval
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has rejected President Muhammadu Buhari’s approval of Seplat’s purchase of ExxonMobil’s asset. A...