Fuel subsidy hits N1.593tn, refinery rehabilitation gulps N54.66bn
Latest data on the amount spent in subsidising Premium Motor Spirit, popularly called petrol, shows that the government subsidised the…
Nigerian Association of Petroleum Explorationists (NAPE) Becomes Official Partner of African Energy Week 2022
The African Energy Chamber (AEC) is proud to announce that the Nigerian Association of Petroleum Explorationists (NAPE) has become an…
Shell paid $986million as taxes, royalties to FG
Shell Companies in Nigeria paid $986million corporate taxes and royalties to the Federal Government of Nigeria from its operations in…
NLNG denies involvement in illegal gas export
The Nigeria Liquefied Natural Gas Ltd. (NLNG) has denied the allegation that the company was involved in illegal exportation of…
NNPC renews licences of five OMLs
The Nigerian National Petroleum Company (NNPC) Limited says it has renewed oil production sharing contracts (PSCs) with its partners —…
Nigeria Loses N101bn Worth of Oil, says OPEC
Nigeria’s crude oil production plunged by 2.3 million barrels in July 2022 when compared to what the country produced in…
‘Africa will decide its energy future’ – Obasanjo
In the midst of a global oil-and-gas crisis, Africa must take charge of its own energy destiny, and use its…
Nigeria loses N891bn to gas flaring
Nigeria lost N891bn to gas flaring in 18 months, according to data from the Nigerian Oil Spill Monitor, an arm…
Marketers Increased Fuel Price, Even Though Subsidise It, Says Sylva
The Federal Government (FG), on Monday, said it is still subsidising petrol despite recent increase in pump price from government-regulated…
Africa’s energy poverty is unacceptable –Sylva
The Minister of State, Petroleum Resources, Chief Timipre Sylva, has described as terrible and unacceptable, the frightening level of energy…