FG charges marginal field investors to raise crude production volume
The Minister of State, Petroleum Resources, Mr Timipre Sylva, on Tuesday, charged the 57 marginal field investors to quickly develop…
Marginal fields: NUPRC awards licences to 161 companies, rakes N200bn, $7m
The Nigerian Upstream Petroleum Regulatory (NUPRC) says the 2020 marginal field bid round exercise generated about N200 billion as well…
FG, operators investigate potential gas deposits in Enugu
The Federal Government, experts and operators in the oil sector are investigating the possibility of gas deposits in Enugu State,…
Fuel crisis: Don’t sell fuel above N165/litre, IPMAN warns members
The Independent Petroleum Marketers Association of Nigeria on Wednesday warned members of the association not to dispense Premium Motor Spirit,…
Why we suspended fuel subsidy removal – Buhari
Petrol subsidy removal was suspended because it was not in the country’s best interest, President Muhammadu Buhari said yesterday. He…
NNPC is restructuring to meet energy transition demands, says Mele Kyari
The Group Managing Director of the Nigerian National Petroleum Company (NNPC) Limited, Mallam Mele Kyari, said yesterday that in preparation…
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…