NNPC, Shell JVs, Dangote sign multi-million dollar gas supply deal
To further deepen its footprint in fertilizer production, the Nigerian National Petroleum Company (NNPC) Limited, and its Joint…
NNPC vows to increase production as Brent crosses $105 per barrel
Brent, the crude against which Nigeria’s oil is priced, crossed the $105 per barrel price on Tuesday, as it rose…
Nigeria, Equatorial Guinea seal pact to develop stranded natural gas
In a major push towards deepening cleaner energy utilisation, Nigeria and Equatorial Guinea on Tuesday signed a landmark Memorandum of…
NUPENG threatens not to lift PMS for depot owners selling above N148.77
The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), says its members will not lift products for depot owners…
FG approves $50m cooking gas energy fund
The Federal Government’s effort to deepen Liquefied Natural Gas (LPG) penetration, popularly called cooking gas, appears to have achieved the…
NNPC gives OICs conditions for divestment from Nigeria
Group Managing Director of the Nigerian National Petroleum Company Limited (NNPC), Mele Kyari, yesterday, said international oil companies (IOCs) divesting…
Rising crude oil prices great opportunity for Nigeria — Buhari
President Muhammadu Buhari says rising crude oil prices present a great opportunity for Nigeria, especially with the passage of the…
Subsidy: Nigeria losing out as oil crosses $100, say marketers
The increased spending on petrol subsidy is preventing Nigeria from taking advantage of the rise in…
Petroleum product marketers decry introduction of N500,000 trans-shipment charges
Barring any last minute change, petroleum products marketers may soon witness additional costs on retail price of fuel with the…
Nigeria, Iraq oppose hike in OPEC oil production as prices surge to $100
Nigeria and Iraq have said the strategy employed by the Organisation of Petroleum Exporting Countries (OPEC) and its allies, OPEC+,…