Fuel scarcity: FG insists on N165 pump price
The Federal Government has said the fixed pump price of Premium Motor Spirit (PMS) remains N165 per litre as stipulated…
Oil price tumbles to $109 a barrel amid Biden’s push for petrol tax holiday
Oil prices fell amid a push by President Joe Biden to bring down soaring fuel costs in the United States.…
Petrol marketers increase pump price amid scarcity
Nigerians are now paying more for petrol despite the official price still fixed at N162.50 and N165 per litre. Independent…
Africa will benefit from $13bn Trans-Saharan gas pipeline project, says Sylva
Chief Timipre Sylva, Minister of State for Petroleum Resources, says the $13 billion Trans-Saharan gas pipelines (TSGP) project will present…
Angola overtakes Nigeria as Africa’s biggest oil producer
Africa’s biggest oil producer has seen its production fall to 1.3m barrels per day from as high as about 2m…
NCDMB, NAICOM launch joint insurance guidelines for oil sector
The Nigerian Content Development and Monitoring Board (NCDMB) and National Insurance Commission (NAICOM) have signed joint insurance regulations that oblige…
Barkindo laments contradictions in global push for cleaner fuels
Secretary General of the Organisation of Petroleum Exporting Countries (OPEC), Dr Sanusi Barkindo, has bemoaned the contradictions in the world’s…
Crude price maintains upward trajectory to $123 per barrel
Crude oil price rose to $123.7 per barrel on Thursday, following higher demand for the black liquid as a result…
NNPC makes N1.7tn from crude sales in 12 months
Revenue made by the Nigerian National Petroleum Corporation (NNPC) from crude oil sales in one year has been put at…
Nigeria needs affordable, sustainable energy resources – Sylva
The Minister of State for Petroleum Resources, Timipre Sylva, has said that Nigeria needs affordable, reliable, and sustainable energy resources…