Oil and Gas
FG drops charges against Binance executive Gambaryan
The Federal Government has dropped all charges against an executive at Binance Holdings, Tigran Gambaryan, who was being tried for...
FG directs NNPC to stop cooking gas export, reduce prices
Mr Ekperikpe Ekpo, Minister of State Petroleum Resources (Gas), has directed the Nigerian National Petroleum Company Ltd. (NNPC Ltd.) and...
We are ready for out of court settlement with NNPC, others – Dangote
The Dangote Petroleum Refinery and Petrochemicals FZE says it is ready for an out of court settlement with the Nigeria...
Dangote seeks court order to revoke NNPC, Matrix import licenses
The Dangote Petroleum Refinery and Petrochemicals FZE has approached the Federal High Court in Abuja seeking an order to void...
Nigeria approves $1.28 billion Seplat-ExxonMobil deal
Two years after a deal was originally struck, the federal government has officially approved Seplat Energy’s purchase of Exxon Mobil’s...
Chevron Nigeria announces new oil discovery in the Niger Delta
Chevron Nigeria has reported a new oil discovery in the Niger Delta, with a production potential of up to 17,000...
Price of petrol rises by 64.55% in one year— NBS
The National Bureau of Statistics (NBS) has said the price of petrol recorded an increase of 64.55 per cent between...
Marketers: NNPC still sole buyer of Dangote petrol
Marketers in the downstream petroleum sector have said that in spite of a recent directive of the Federal Government that...
Marketers plan petrol import to bridge shortfall
Oil marketers have said that the volume of petrol produced by the Dangote Petroleum Refinery is currently not enough to...
Nigeria’s crude oil production drops by 33,000 barrels in September – OPEC
Nigeria’s average crude oil production dropped by 33,000 barrels to 1.405 million barrels per day in the month of September....