Oil and Gas
Nigeria loses 400,000 barrels of oil to theft daily – Minister
The Minister of State for Petroleum Resources, Timipre Sylva, has said that the country loses 400,000 barrels of crude daily...
Iran to return oil output to pre-sanctions level
Iran says it is ready to return its crude oil production to pre-sanctions levels at the earliest possible time, the...
NLNG loses $7billion in seven months over gas supply shortage
The Nigeria Liquefied Natural Gas (NLNG) Limited says it has lost almost $7 billion revenue so far in 2022, due...
NNPC sold N147bn petrol, diesel in October 2021
The Nigerian National Petroleum Company Limited (NNPCL) has disclosed that it sold oil and diesel worth N147.36 in October 2021....
OPEC raises Nigeria’s oil production quota
The Organisation of Petroleum Exporting Countries has raised Nigeria’s crude oil production quota for September 2022 to 1.83 million barrels...
Shell shuts floating crude oil storage facility in Bayelsa
A Shell Floating Production Storage and Offloading (FPSO) vessel operating off Bayelsa coastline, has been shut down due water leakage,...
Scarcity: FG has not removed fuel subsidy – Minister
The Federal Government says it has not removed subsidies on the Premium Motor Spirit (PMS), otherwise known as fuel. Chief...
Review of petroleum regulations underway – Minister
Minister of State or Petroleum Resources, Timipre Sylva, has said the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has...
Nigeria’s 180,000 barrel-a-day pipeline runs dry on oil theft
An oil pipeline capable of moving 180,000 barrels of crude every day across Nigeria, has stopped transporting the product since...
My $2bn plant to position Nigeria as polypropylene hub in Africa – Aliko Dangote
Mr Aliko Dangote, President, Dangote Group, says the company’s two billion dollars petrochemical plant, when fully operational, would position Nigeria...