African Chambers Urges for Investment in African Energy
As African Energy Chamber finalises plans to host New Year Reception in London on 26 January, efforts are being made…
NNPCL, Marketers Plan N148/litre, Tinubu Insists on Subsidy Removal
The Nigerian National Petroleum Company Limited is planning to sign an agreement with independent oil marketers to ensure that the…
Reps give NNPCL one-week ultimatum to end fuel scarcity
The House of Representatives yesterday issued a one week ultimatum to the Nigerian National Petroleum Company Limited, (NNPCL) to end…
Nigeria loses N264.43bn to gas flaring in 10 months
Despite Nigeria’s dwindling revenue occasioned by massive oil theft, the country has continued to also suffer loss from its gas…
Fuel scarcity: Marketers fault NNPCL import monopoly
Oil marketers, on Monday, criticised the import monopoly held by the Nigerian National Petroleum Company Limited (NNPCL), noting that the…
Nigeria’s oil production hits 1.18mbpd, highest in seven months
Nigeria’s crude oil production rose to 1.185 million barrels per day in November 2022, representing the highest output by the…
Nigeria will meet OPEC quota May 2023 – Sylva
Optimistic that crude oil thieves would soon be chased out of the creeks, the Minister of State, Petroleum Resources, Mr…
Nigeria-Morocco gas pipeline: NNPCL signs MoU with oil firms from Ghana, Gambia, Guinea Bissau
The Nigerian National Petroleum Company Limited has signed five Memoranda of Understanding (MoU) with the national oil companies and relevant…
Marketers Say Tough Times as Petrol Hits N200/Litre
The cost of Premium Motor Spirit, popularly called petrol, has risen to as high as N200/litre at depots, which means…
Shell ordered to pay Amni’s $4.6m debt to court
A Federal High Court, sitting Lagos, has ordered Shell Western Supply and Trading Limited to pay into the account of…