Oil and Gas
I never said NNPC should stop running refineries – Lokpobiri
Minister of State Petroleum Resources (Oil), Sen. Heineken Lokpobiri, has clarified his position on the issue of running the country's...
South Korean investors to build four refineries in Nigeria – FG
The Federal Government has announced plans by a consortium of investors from South Korea to build four 100,000-barrel capacity refineries...
Reps probe Oando, Aiteo E&P over pollution in Bayelsa
The House of Representatives has commenced investigation into alleged environmental pollution by Agip Oil (Now Oando Oil Ltd) and Aiteo...
Naira-for-crude: Dangote refinery to get 400,000 barrels of crude daily
The Federal Government is set to deliver 400,000 barrels of crude oil to the Dangote Refinery daily, under its naira-for-crude...
PIA: NNPC remittance to FG drops from $11.9 billion to $1.83 billion
Dividends from the Nigerian National Petroleum Company (NNPC) Ltd to the federation account, derived from crude oil and gas sales...
NPA coordinates crude oil sale to Dangote refinery
The Nigerian Ports Authority (NPA) has commenced the implementation of the federal government directive to coordinate service provision from all...
Nigeria to experience gas supply crisis in 2030 – NUPRC
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says Nigeria may face a gas supply crisis in 2030, as demand for...
FG targets 4 million bpd oil production, 10bcf of gas by 2030
The Federal Government has said it is targeting four million barrels per day (bpd) of oil production and 10 billion...
Oil companies owe gov’t $6 billion – NEITI
The Nigerian Extractive Industries Transparency Initiative (NEITI) has revealed that the liabilities of oil companies to the federation have increased...
Marketers say petrol landing cost now N981/litre
The landing cost of petrol has dropped to N981/litre. This is according to data released by the Major Energies Marketers...