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 the price of crude…
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+,…
Oil prices near $100 a barrel amid Russia-Ukraine crisis
Global oil prices trade near $100 per barrel on supply disruption worries as tensions between Russia and Ukraine escalated. The…
Nigerian content attracts $8bn annually, says NCDB
The implementation of the Nigerian Oil and Gas Industry Content Development Act has created over 50,000 direct jobs in the…
FG Blames Inspection Failure For Dirty Fuel Imports
The ongoing scarcity of petrol which has lingered for about two weeks, is not due to the absence of products…